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Speaker 1: Welcome to Had of Money. I'm Joel and I am Matt.

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Speaker 1: Today we're talking organizing your Money for twenty twenty four

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Speaker 1: with Elena Fingal. Yeah. So, how do you feel when

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Speaker 1: I say the Container store, Because if you've never then before.

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Speaker 2: It's pretty self explanatory, right, Like, it's simply a retailer

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Speaker 2: that's dedicated to the organization of everything from Christmas decorations,

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Speaker 2: the tools in the.

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Speaker 1: Garage to your shoes in the closet.

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Speaker 2: The last I checked, they didn't have anything specific to

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Speaker 2: organize your personal finances. And that's why we're lucky enough

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Speaker 2: to be joined by the woman behind the Organized Money,

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Speaker 2: Elena Fingal. The Organized Money, it's an incredible resource. It's

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Speaker 2: a site, a blog. Alena creates a ton of videos

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Speaker 2: on YouTube, where she has nearly two hundred thousand subscribers,

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Speaker 2: and her goal is to help folks to build wealth

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Speaker 2: by helping them to organize their money. And as a

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Speaker 2: certified financial coach an author, Elena is on a mission

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Speaker 2: to help folks find financial peace by utilizing the different

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Speaker 2: systems that work for them. And you know, regardless of

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Speaker 2: the thought of getting organized, if that lights you up,

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Speaker 2: maybe you're more of a type a personality, or maybe

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Speaker 2: you're feeling a little nervous right now, maybe you're more

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Speaker 2: of a of.

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Speaker 1: A free spirit.

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Speaker 2: Regardless, having some sense of organization is so important when

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Speaker 2: it comes to building wealth, and that's why we're pumped

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Speaker 2: to be talking with Elena. Thank you so much for

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Speaker 2: joining us today on the podcast.

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Speaker 3: Thank you so much for having me. I'm excited to

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Speaker 3: be here.

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Speaker 1: Matt look to me, by the way, when he said

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Speaker 1: free spirits a little nervous, Yeah, my armpits are a

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Speaker 1: little sweaty, Elena, The organization not my strong suit. Matt's

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Speaker 1: it is. We'll get into that, but all right, for

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Speaker 1: our first question for everyone who comes on the podcast,

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Speaker 1: Matt and I we like to suplurgat on craft beer

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Speaker 1: is something that we spend some would say too much

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Speaker 1: money on while we're still being wise, we're saving and

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Speaker 1: investing for our future. What's that for you? Like? What

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Speaker 1: what do you like to suplore John while you're still

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Speaker 1: being smart with your money.

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Speaker 4: My favorite thing thats blurgeon. If you've ever been on

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Speaker 4: my channel, it is planners. So I love all things stationary.

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Speaker 4: I love planners, I love notebooks, I love pins, and

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Speaker 4: I will go all out on the type of planner

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Speaker 4: that I want for the years.

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Speaker 3: So it is definitely my favorite thing.

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Speaker 2: Okay, So have you always been like super organized when

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Speaker 2: it comes to yourself and your life or specifically to

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Speaker 2: feel free to apply that to money? Have you always

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Speaker 2: been organized with money or was there some sort of

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Speaker 2: turning point for you?

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Speaker 4: So I can say I've had an on and off

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Speaker 4: love hate relationship with my organization journey, probably my entire life.

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Speaker 4: So my mom is my huge inspiration and she's extremely organized.

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Speaker 4: Has been my entire life, and so I took it

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Speaker 4: for granted when I was younger and I got my

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Speaker 4: She gave me my first planner when I was like

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Speaker 4: ten years old, and I tossed it aside and I

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Speaker 4: was like, I'm not doing this. I don't want to

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Speaker 4: clean my room. I have this organized chaos thing going on.

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Speaker 4: And so it was like that probably until I was

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Speaker 4: pregnant with my first child. When me and my husband

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Speaker 4: got married, we definitely were yellow type of people where

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Speaker 4: you only live once, We're going to have fun paycheck

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Speaker 4: to paycheck, and then I got pregnant, and once I

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Speaker 4: got pregnant with our first child, it started. It just

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Speaker 4: hit me like a ton of bricks that we're going

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Speaker 4: to have this entire life that we're completely responsible for.

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Speaker 4: And I don't have any money, I don't have anything saved.

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Speaker 4: I need to make sure that I am ready to

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Speaker 4: take on this life that is coming into the world.

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Speaker 4: And then that's when I started to take my money

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Speaker 4: organization way more seriously because I wanted to be more

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Speaker 4: prepared for her.

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Speaker 1: Yeah, having a kid, expanding your family, that'll be the

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Speaker 1: kick in the pans that a lot of people need

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Speaker 1: to make some significant changes to their life, to their lifestyle, right.

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Speaker 1: I mean I think that is that causes some people

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Speaker 1: to give up drinking. Not Matt and I, of course

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Speaker 1: we're still thinking of beer. But it really moderates. Yeah,

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Speaker 1: I'm still moderation, right, But that is a big life

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Speaker 1: stage that causes people to make significant changes. And so

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Speaker 1: instead of like, oh, I know it's under that pile

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Speaker 1: of shirts over there, it's like, no, no, the pile of

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Speaker 1: shirts is coming off the floor. I got to actually

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Speaker 1: have everything kind of easily accessible. How big of a

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Speaker 1: hurdle in your opinion, Elena, is a lack of organization

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Speaker 1: when it comes to people making progress Meg with their

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Speaker 1: money is organization or a lack thereof, like hindering people significantly.

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Speaker 3: I believe it.

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Speaker 4: Is, and I ultimately started this company because and I

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Speaker 4: called it the organized money. For a very specific time

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Speaker 4: in my life, I remember when I started trying to

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Speaker 4: start to budget.

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Speaker 3: That's how I started. I said, you know what, let.

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Speaker 4: Me just create a budget and I'm going to use

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Speaker 4: that for this particular week. Well, I created a budget

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Speaker 4: on Sunday, and I felt like I had all of

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Speaker 4: the pieces in place. And then Monday, I went to

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Speaker 4: work and I realized I forgot my lunch. And it

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Speaker 4: was like the snowball effect of anything that could go wrong.

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Speaker 3: Did go wrong, and so it was raining that day.

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Speaker 3: I had to buy an umbrella.

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Speaker 4: I left my lunch, so I had to buy lunch.

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Speaker 4: I forgot different things, and so I wasn't doing all

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Speaker 4: of the things that I needed to do, and my

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Speaker 4: budget was basically broken or busted by Wednesday of that

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Speaker 4: same week.

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Speaker 1: Wow, and what I realized, Hey, that's real life, man.

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Speaker 1: A lot of people face that they're trying to get

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Speaker 1: on the horse and then the horse bucks them off.

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Speaker 3: Proceive exactly.

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Speaker 4: And so that's when I realized how much my life

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Speaker 4: organization or how much planning or just thinking about my.

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Speaker 3: Week ahead of time would affect my money.

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Speaker 4: Anytime I did not think about my week and I

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Speaker 4: did not look at how many events I had this

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Speaker 4: week that's possibly going to cost me money, or what

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Speaker 4: do I have to do that's possibly going to cost

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Speaker 4: me money, and how would that affect my budget overall?

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Speaker 4: Anytime I did not do that ahead of time, I

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Speaker 4: always broke my budget. But anytime I did kind of

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Speaker 4: think ahead and think about my money and think about

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Speaker 4: all of the other things that was surrounding it, I

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Speaker 4: did better with my money. So I realized the more

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Speaker 4: organized I was, the better I did overall with saving,

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Speaker 4: making anything that required had to do with my money.

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Speaker 3: The more organized I was, it all improved.

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Speaker 1: So is that something you still do? Is it like, Hey,

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Speaker 1: on my calendar, Thursday night looks like there's this fiesta

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Speaker 1: with friends whatever I mean it's or Saturday, I'm going

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Speaker 1: to this cute artsy thing with my mom or something,

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Speaker 1: and I'll probably pick up a couple things there. Is it? Literally?

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Speaker 1: Are you like putting price tags on the events on

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Speaker 1: your calendar? How's that? What does that look like in practice?

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Speaker 3: Yes? That's exactly what I'm doing.

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Speaker 4: I will look, i will say, oh, I'm going to

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Speaker 4: a restaurant with my friends.

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Speaker 3: Where are we going.

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Speaker 4: We're going to this Mexican restaurant. Let me glance over

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Speaker 4: the menu really quick, and I'll say, ooh, I might

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Speaker 4: want to appetizer in this. And I'll estimate how much

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Speaker 4: that event is going to cost me, and I'll say, okay, well,

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Speaker 4: when I get paid on Friday, to make sure I

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Speaker 4: take out fifty extra dollars or seventy five extra dollars

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Speaker 4: and put it aside for that time that I'm going

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Speaker 4: to be with my friends at this Mexican restaurant. And

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Speaker 4: doing that one little extra step where I'm comparing the

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Speaker 4: events and how much extra money I have leftover, has

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Speaker 4: helped me tremendously. I think that we ultimately have our bills.

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Speaker 4: We know what our bills are going to be. Yeah,

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Speaker 4: the bills are going to come out, they're on auto draft,

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Speaker 4: it's pretty much standard. But those extra expenses, those are

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Speaker 4: the kicker. Those are the ones that really throw us

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Speaker 4: off track. So that extra step of just planning those

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Speaker 4: ultimately helped me.

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Speaker 2: With everything else, keeps you from completely derailing your budget. Yeah,

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Speaker 2: I mean that's the first thing you mentioned, is that

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Speaker 2: do you think that that is the most core aspect

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Speaker 2: of how it is that you budget that you plan

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Speaker 2: is literally looking to the calendar. Is it kind of

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Speaker 2: forecasting what some of those expenses are going to be?

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Speaker 2: I would love to hear some of your your top

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Speaker 2: planning tips for folks out there.

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Speaker 4: Yes, so it's called a money meeting. Me and my

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Speaker 4: husband will do it every single Sunday. We get paid weekly,

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Speaker 4: so this is something that we just kind of incorporated.

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Speaker 4: But I always recommend that you do it before your

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Speaker 4: payday hits, like before the direct deposit it hits your account.

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Speaker 4: You want to sit down and have a money meeting,

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Speaker 4: money date, whatever you want to call it. And this

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Speaker 4: is a time where you look at the bills that

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Speaker 4: you have to pay for that payday, and you also

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Speaker 4: think about what events or anything else that's going to

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Speaker 4: cost you money. If your child has something that's coming

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Speaker 4: up for school, is it a fundraiser that you may

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Speaker 4: have to pay for. Thinking through all of your events

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Speaker 4: that are coming up for the week or anything that

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Speaker 4: you have to do, and associating it with your money

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Speaker 4: along with thinking about your bills, ultimately will help you

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Speaker 4: overall with your budget, because, like I said, it's not

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Speaker 4: usually the bills, it's usually those variable expenses. It's entertainment,

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Speaker 4: it's food, it's restaurants, it's all of those things.

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Speaker 1: Are pretty much the same every month.

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Speaker 2: Yet particularly Yeah, okay, so you say you say that

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Speaker 2: y'all get paid weekly. So for folks who are like,

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Speaker 2: that's not something I've ever had for the most part,

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Speaker 2: I mean, I've been an entrepreneur over fifteen years, but

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Speaker 2: even when I did have a W two job for

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Speaker 2: like a couple of years right out of college, is

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Speaker 2: every two weeks. And so for those folks, do you

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Speaker 2: think looking ahead to the next two weeks that makes

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Speaker 2: a lot of sense? Or for those maybe who are

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Speaker 2: looking at a variable income where maybe they're getting the

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Speaker 2: bulk of their money once a month, do you recommend

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Speaker 2: for those folks to look thirty days in advance.

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Speaker 4: Yeah, So initially, when you're starting off this process, I

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Speaker 4: always recommend that you check in more often than when

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Speaker 4: you get adjusted to the system. So maybe if you

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Speaker 4: are getting paid every two weeks, I would still say,

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Speaker 4: let's just have a moment where we think about the

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Speaker 4: very next week, just to do a check in just

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Speaker 4: to make sure that we are still on track with

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Speaker 4: the money that we have left over and the event

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Speaker 4: or all of the bills that are coming up. If

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Speaker 4: you have a variable income, then you may need to

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Speaker 4: check in even more depending on how often you are

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Speaker 4: getting paid, how much you're getting paid, how far off

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Speaker 4: is it from what you thought you were going to

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Speaker 4: get for that particular payday.

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Speaker 3: All of that matters.

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Speaker 4: But the more you do it and the more you

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Speaker 4: kind of set it into a routine. Now you don't

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Speaker 4: have to be obsessive about it, but I like to

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Speaker 4: think of it at least every week where I would

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Speaker 4: just look ahead and lightly think about what do I

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Speaker 4: have coming up? How can I estimate how much this

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Speaker 4: is going to cost me? And can I put it

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Speaker 4: aside some type of way so that I don't blow

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Speaker 4: my budget? And that process, that routine becomes a part

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Speaker 4: of your system and it ultimately helps you to do

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Speaker 4: way better with your money.

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Speaker 1: So we're getting close to the time of year where

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Speaker 1: people start to make goals, right, and that is a

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Speaker 1: time honored tradition in the United States where come January first,

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Speaker 1: something something like three quarters of Americans they're going to

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Speaker 1: make a goal or multiple goals, and they're going to

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Speaker 1: hope that they accomplish them. But the dire reality is

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Speaker 1: that so many people miss out on that goal, right, Like,

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Speaker 1: the vast majority of people who make a goal of

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Speaker 1: January first, they don't actually accomplish it. And there's this

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Speaker 1: amazing quote from James Cleary says, we don't rise to

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Speaker 1: the level of our goals. We fall to the level

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Speaker 1: of our systems. And so that's why we wanted to

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Speaker 1: have you on. It seems like the way we've organized

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Speaker 1: things like is going to have a bigger impact than

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Speaker 1: goal setting come January first. Do you think organization is

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Speaker 1: kind of the key to people actually sticking to things

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Speaker 1: to be able to accomplish those bigger financial hopes and

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Speaker 1: dreams that they have.

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Speaker 4: Yes, And ultimately, I think when we're looking at organization,

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Speaker 4: we are really looking about thinking about our systems, because

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Speaker 4: that is what we're putting into place. We are thinking

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Speaker 4: through our routines and our systems and the things that

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Speaker 4: we can do on a day to day basis that

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Speaker 4: can help us to achieve the things that we want

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Speaker 4: to achieve when it comes to our goals.

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Speaker 3: I believe that the biggest issue that.

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Speaker 4: We have is that we will create a really really

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Speaker 4: big goal and no system around that goal. So we'll

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Speaker 4: say I want to save ten thousand dollars, but that's

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Speaker 4: kind of where it ends. And so instead of saying, Okay,

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Speaker 4: I want to save ten thousand dollars, how much do

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Speaker 4: I need to save for the month, how much do

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Speaker 4: I need to save for the week? How am I

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Speaker 4: going to save this for the week? Do I have

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Speaker 4: the extra money in my budget to save that amount?

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Speaker 4: And if not, am I going to try and make

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Speaker 4: more or cut back in order to hit that number?

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Speaker 4: And we don't usually break it down, and so the

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Speaker 4: goal just seems so incredibly out of reach. But that's

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Speaker 4: because we don't have a system or a way of

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Speaker 4: breaking it down to a small number that we can

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Speaker 4: actually incorporate into our budget or incorporate into our routine

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Speaker 4: transfer this amount to your savings every single payday to

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Speaker 4: make it easy for us to actually achieve that goal.

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Speaker 2: It's important to have those those bite sized goals that

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Speaker 2: you can achieve. So good's keep kind of talking about

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Speaker 2: some of these practical tips, Elena, because I'm still thinking

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Speaker 2: about your weekly money meeting that you have and you're

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Speaker 2: talking about how you're splurging on all the different planners

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Speaker 2: out there and make sure you've got the latest and

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Speaker 2: the greatest technology. Just kidding, there's no technology and a planner,

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Speaker 2: But I'm curious.

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Speaker 1: It's analog. Yeah, it's analog.

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Speaker 2: And obviously you like to take pen to paper, and

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Speaker 2: so do you think that that's more helpful for folks

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Speaker 2: when it comes to setting some of those different financial goals. Obviously,

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Speaker 2: when it comes to planning out your week in your time,

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Speaker 2: that's a part of how you're able to implement that too,

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Speaker 2: But do you think that there's power there when it

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Speaker 2: comes to the ability to either rein in or spending

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Speaker 2: or to maybe achieve some of these smaller, bite sized

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Speaker 2: goals as well.

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Speaker 4: Yeah, I believe that the biggest thing that you have

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Speaker 4: to know is your money personality and how that associates

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Speaker 4: with your systems. So if you've never heard of the

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Speaker 4: money Personalities, it's a book by Beth and Scott Palmer,

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Speaker 4: and they wrote it's called the Five Money Personalities, and

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Speaker 4: it's the spender, the saverer, the flyer, the risk taker,

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Speaker 4: and the security seeker. And based on your money personality.

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Speaker 4: For instance, I am a security seeker, which means that

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Speaker 4: I like to plan. Planning is a part of the

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Speaker 4: security seeker security. So we like to know exactly where

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Speaker 4: our money is going. We basically are type a's who

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Speaker 4: like to have our money plan to the penny. And

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Speaker 4: so since I know that that is my money personality,

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Speaker 4: then ultimately I'm going to love an analog system. I'm

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Speaker 4: going to love a planner. However, you may be a

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Speaker 4: spender who actually don't want to write every single thing down.

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Speaker 4: You are not of type A and technology. You may

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Speaker 4: need an app that you can quickly look at and

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Speaker 4: be able to move your money around. Or you could

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Speaker 4: be a saver who likes a little bit of both,

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Speaker 4: where you need an analog system and you also want

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Speaker 4: some type of technology around your money. But you need

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Speaker 4: need to know first how does your mind or how

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Speaker 4: does your brain like to see this information. When we

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Speaker 4: are building systems, we sometimes we take a cookie cutter

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Speaker 4: approach and say, oh, if this works for this person,

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Speaker 4: then it should work.

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Speaker 3: For me as well. But that's not the best approach.

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Speaker 4: The best approach is to think about how do you

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Speaker 4: like to see things on a normal basis, How does

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Speaker 4: your mind love to incorporate, do you like to write

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Speaker 4: down or do you like to type? And knowing those

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Speaker 4: little things about yourself applies to almost every area of

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Speaker 4: your life, including your money and you If you know

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Speaker 4: how to do an analog system on a day to

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Speaker 4: day basis with planning your life, then you will want

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Speaker 4: to do the exact same thing with your money. So

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Speaker 4: knowing your personality is first, and then you can start

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Speaker 4: to apply the systems that you want. Maybe it's a planner,

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Speaker 4: maybe it's technology. Maybe you like to have just separate

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Speaker 4: bank accounts for one for spending, one for bills. That

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Speaker 4: way you know, if the money's in spending, it's all yours,

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Speaker 4: and if it's in bills, you know you just have

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Speaker 4: to pay a bill.

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Speaker 3: But your system is based on you.

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Speaker 1: Yeah. I really appreciate you saying that, because I think

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Speaker 1: a lot of people they find something that works for

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Speaker 1: them and then they preach that gospel to everyone and

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Speaker 1: they say the planner the act. Like in Matt he's

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Speaker 1: all about Excel spreadsheets, but he also doesn't make it

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Speaker 1: sound like that's the only way to do it, right.

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Speaker 1: I readily admit that it's not for everybody. Yeah, for

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Speaker 1: some people whine ab or copilot, Like, whatever it is,

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Speaker 1: whatever system is going to help you. I think that's

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Speaker 1: really impant because everybody thinks about things differently. Some people

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Speaker 1: are like tether to their phone, and so that app

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Speaker 1: is gonna save the day, save their baking when it

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Speaker 1: comes to making progress with their finances. For some folks,

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Speaker 1: the cash envelopes like that's the holy grail and you

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Speaker 1: must do that. But yeah, which I'm actually curious to

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Speaker 1: hear your take on that, Like you are a fan

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Speaker 1: of the cash envelope system, and it's not the most

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Speaker 1: optimized from a reward standpoint, and it's also maybe not

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Speaker 1: the easiest kind of in our modern society where you

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Speaker 1: can tap to pay and just breeze right on out.

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Speaker 1: But is that the best way, in your opinion to

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Speaker 1: help people stick to a budget using kind of divving

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Speaker 1: out those that cash at the beginning of the month

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Speaker 1: and then like not spending when anymore once it's gone.

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Speaker 4: I think it ultimately does depend I will say for me,

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Speaker 4: I will use it for certain scenarios. I will say

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Speaker 4: that I am probably a dual person.

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Speaker 3: I share a lot.

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Speaker 4: Of my analog techniques. I talk a little bit about

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Speaker 4: the tech side of the different things that I do,

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Speaker 4: but I am in favor. If you are a super

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Speaker 4: responsible person and you pay your credit cards in full

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Speaker 4: every single month, then I would say use your credit

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Speaker 4: card because you can get really amazing rewards by using

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Speaker 4: your credit card on a consistent basis, paying it off

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Speaker 4: and being able to take advantage of the points. However,

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Speaker 4: if you know that you are just beginning your money journey,

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Speaker 4: or you are not at the place where you are

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Speaker 4: able to trust yourself enough to pay off your credit

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Speaker 4: card every single month, and you are just working into

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Speaker 4: your system and just get adjusted, I would highly suggest

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Speaker 4: that you use cash envelopes. And the reason why is

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Speaker 4: because we have to walk before we run, and sometimes

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Speaker 4: we get excited about the rewards and all of the things,

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Speaker 4: and you'll have someone in your ear saying that, oh no,

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Speaker 4: this is a better system, and you get to fly

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Speaker 4: for free, or you get hotels, or you get this

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Speaker 4: or you get that, and then you just end up

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Speaker 4: getting yourself in a bunch of financial trouble because you

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Speaker 4: are trying to run before you walk.

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Speaker 3: You will get there, but for.

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Speaker 4: Now, take the steps to build out your system and

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Speaker 4: to make sure that you understand the process that you

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Speaker 4: have your system in place that you can pay off

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Speaker 4: this credit card every single month, and then you can

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Speaker 4: graduate to using your credit card. But I think that

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Speaker 4: when we look at systems sometimes we feel like we

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Speaker 4: got to choose and we got to stick to that

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Speaker 4: one forever as well, and I am not a fan

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Speaker 4: of that. I also I believe that you can do

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Speaker 4: different things in different seasons of your life.

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Speaker 3: You can do different things.

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Speaker 4: When you feel more comfortable with different things in your life,

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Speaker 4: and you don't have to stick with that one system

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Speaker 4: forever and ever.

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Speaker 1: That makes sense.

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Speaker 2: It's not necessarily like it can be about changing seasons,

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Speaker 2: like different stages of life. But it also has to

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Speaker 2: do with, like you said, being able to walk before

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Speaker 2: you run, and as you mature, when it comes to

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Speaker 2: your ability to handle your money, well, then maybe it

402
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Speaker 2: makes sense to then up the ante a little bit

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Speaker 2: to some of those more advanced ways that you can

404
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Speaker 2: optimize your spending. But something that stood up to me

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Speaker 2: about the cash envelopes as well as something else that

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Speaker 2: you said, which was maybe having a separate spending account

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Speaker 2: that way, you know, once all the money is gone

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Speaker 2: out of that account, okay, uh, we're not gonna go

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Speaker 2: out to eat anymore, because maybe for someone listening, they're thinking.

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Speaker 1: Yeah, that's that's wild card.

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Speaker 2: Every single month, that's where I blow my budget. Or

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Speaker 2: maybe for somebody else that's grocery or a lot of Americans,

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Speaker 2: it is the eating out.

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Speaker 1: It's eating out.

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Speaker 2: In both of those cases, I think the ability to

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Speaker 2: set limits is what's so key there. And when it's

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Speaker 2: the cash envelope, Okay, at some point the cash is

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Speaker 2: going to run out, or maybe when it comes to

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Speaker 2: the spending account, maye that means, all.

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Speaker 1: Right, well that balance.

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Speaker 2: I've only got like nine bucks left, So guess what,

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Speaker 2: I'm not going to go out. Let's just roll that

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Speaker 2: into next month and then you know, I'll be able

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Speaker 2: to go out a little bit more. But I think,

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Speaker 2: like you said, figuring out yourself, knowing yourself, that's so

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Speaker 2: key to the success that we're going to talk more

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Speaker 2: about sort of the mindset and the psychology behind how

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Speaker 2: it is that we think about our money here later

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Speaker 2: on in the episode.

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Speaker 1: But I guess I want to know, like when it

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Speaker 1: comes to.

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Speaker 2: Your budget, like when you do completely blow it out

433
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Speaker 2: of the water, how do you respond to that, Like

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Speaker 2: how do you rebound? Because like it's said, you know

435
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Speaker 2: that we make plans and God laughs.

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Speaker 4: Yeah.

437
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Speaker 2: So for you as a type a hyper planner, like,

438
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Speaker 2: how do you roll with the punches when things don't

439
00:20:44,480 --> 00:20:45,399
Speaker 2: go quite as planned?

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Speaker 3: Yeah.

441
00:20:45,920 --> 00:20:49,240
Speaker 4: I've definitely had seasons of my life where my budget

442
00:20:49,440 --> 00:20:53,159
Speaker 4: just was not working at all, and I do something

443
00:20:53,200 --> 00:20:56,600
Speaker 4: that I call a budget reset where I am and

444
00:20:56,640 --> 00:20:59,639
Speaker 4: I have an entire video on my YouTube channel showing

445
00:20:59,680 --> 00:21:04,280
Speaker 4: the priss where basically I will just start over. I said,

446
00:21:04,280 --> 00:21:07,520
Speaker 4: do you know what, this entire month just didn't happen.

447
00:21:07,920 --> 00:21:10,800
Speaker 4: Let's just look forward instead of trying to look back.

448
00:21:11,240 --> 00:21:14,199
Speaker 4: And a lot of times I will assess where we

449
00:21:14,280 --> 00:21:19,680
Speaker 4: went wrong, and usually I can pinpoint it to something

450
00:21:19,680 --> 00:21:23,040
Speaker 4: that I planned poorly or something that just didn't go

451
00:21:23,160 --> 00:21:26,920
Speaker 4: as planned. I remember one week, me and my husband

452
00:21:26,920 --> 00:21:32,040
Speaker 4: had planned on cooking a lot, but we both are entrepreneurs,

453
00:21:32,080 --> 00:21:35,760
Speaker 4: we both have we can have really busy times, and

454
00:21:35,840 --> 00:21:40,120
Speaker 4: so we underestimated the amount of work that we had

455
00:21:40,119 --> 00:21:42,800
Speaker 4: to do that week. So all of the cooking that

456
00:21:43,000 --> 00:21:45,159
Speaker 4: was supposed to happen that week, none of it happened.

457
00:21:45,240 --> 00:21:47,600
Speaker 4: We ended up eating out the entire week.

458
00:21:48,080 --> 00:21:50,399
Speaker 1: And that's why no one else listening knows what that

459
00:21:50,440 --> 00:21:52,840
Speaker 1: feels like, Elena, you're alone in this here alone, so

460
00:21:52,960 --> 00:21:54,800
Speaker 1: we such an unrelatable.

461
00:21:55,200 --> 00:21:58,440
Speaker 4: We blew our budget out of the water, because if

462
00:21:58,440 --> 00:22:01,639
Speaker 4: you've eaten out multiple times in a week when you

463
00:22:01,680 --> 00:22:05,639
Speaker 4: had planned on eating groceries or cooking, then you know

464
00:22:06,400 --> 00:22:09,520
Speaker 4: how crazy your budget can really be blown by just

465
00:22:10,000 --> 00:22:12,439
Speaker 4: eating out four or five days a week. And so

466
00:22:12,880 --> 00:22:16,040
Speaker 4: that's what happened, and I was like, well, we just

467
00:22:16,320 --> 00:22:19,480
Speaker 4: we basically planned that poorly. That didn't happen the way

468
00:22:19,520 --> 00:22:20,560
Speaker 4: that we thought we should.

469
00:22:20,600 --> 00:22:21,480
Speaker 3: We probably need.

470
00:22:21,920 --> 00:22:25,840
Speaker 4: To have a little extra splurge fund or little money

471
00:22:25,840 --> 00:22:28,919
Speaker 4: set aside for when random things like this happen. And

472
00:22:28,960 --> 00:22:31,440
Speaker 4: so that's how we kind of say we would fix

473
00:22:31,480 --> 00:22:34,840
Speaker 4: it in the future. But when things like that happen,

474
00:22:35,400 --> 00:22:39,160
Speaker 4: we basically take it in stride. I try and see

475
00:22:39,200 --> 00:22:42,320
Speaker 4: if there's anything that I could have done better, but

476
00:22:42,400 --> 00:22:44,879
Speaker 4: I ultimately give myself a lot of grace and I

477
00:22:44,960 --> 00:22:48,159
Speaker 4: know that things life is going to happen. Yes, you

478
00:22:48,200 --> 00:22:52,680
Speaker 4: could plan the most beautiful budget there is, but if

479
00:22:52,680 --> 00:22:55,680
Speaker 4: it gets blown out of the water, then that is okay.

480
00:22:55,840 --> 00:22:57,920
Speaker 4: And I think that that's what happens with a lot

481
00:22:57,960 --> 00:23:01,080
Speaker 4: of us. We will blow our budget more one two times,

482
00:23:01,119 --> 00:23:04,120
Speaker 4: and then we give up on budgeting because we feel like, oh,

483
00:23:04,240 --> 00:23:07,320
Speaker 4: if I couldn't do this this one or two times,

484
00:23:07,359 --> 00:23:08,440
Speaker 4: then it must.

485
00:23:08,160 --> 00:23:10,679
Speaker 3: Not be for me. But you just may be in

486
00:23:10,720 --> 00:23:11,639
Speaker 3: a season.

487
00:23:11,280 --> 00:23:14,560
Speaker 4: Of your life where it's just harder to plan, and

488
00:23:14,640 --> 00:23:17,600
Speaker 4: so you just continue to stick with it, stick at it,

489
00:23:17,800 --> 00:23:21,240
Speaker 4: just keep trying and keep tweaking your system until you

490
00:23:21,320 --> 00:23:23,800
Speaker 4: find what works for you. I had a season of

491
00:23:23,800 --> 00:23:27,040
Speaker 4: my life and that's why I mentioned having the bill

492
00:23:27,280 --> 00:23:29,800
Speaker 4: versus the spending account. I had a season of my

493
00:23:29,840 --> 00:23:32,800
Speaker 4: life where I couldn't track any of my expenses. I

494
00:23:32,840 --> 00:23:34,800
Speaker 4: didn't have time to track. I didn't have time for

495
00:23:34,880 --> 00:23:37,280
Speaker 4: cash envelopes, I didn't have time to go to the ATM.

496
00:23:37,520 --> 00:23:39,520
Speaker 4: I just didn't have time for any of it. My

497
00:23:39,640 --> 00:23:42,280
Speaker 4: kids were small, I needed to run around. I was

498
00:23:42,359 --> 00:23:45,080
Speaker 4: on the go, and so I didn't want to use

499
00:23:45,119 --> 00:23:48,359
Speaker 4: a credit card because I didn't trust myself enough to

500
00:23:48,600 --> 00:23:49,600
Speaker 4: just have a credit card.

501
00:23:49,680 --> 00:23:52,200
Speaker 3: So I just said, Okay, how much money do we have.

502
00:23:52,280 --> 00:23:54,280
Speaker 4: I'm gonna put this in the amount for bills, and

503
00:23:54,320 --> 00:23:56,800
Speaker 4: I'm putting the rest of this for spending, and whatever

504
00:23:56,880 --> 00:24:00,199
Speaker 4: I spend, it's been and when it's gone, it's gone.

505
00:24:00,320 --> 00:24:03,600
Speaker 4: And that worked for me for a couple of years

506
00:24:03,800 --> 00:24:05,720
Speaker 4: until my kids got a little bit older.

507
00:24:05,760 --> 00:24:07,160
Speaker 3: So you just have to.

508
00:24:07,240 --> 00:24:10,680
Speaker 4: Know what season you're in and try different things out.

509
00:24:10,680 --> 00:24:13,680
Speaker 4: But ultimately, if you blow your budget, see if there's

510
00:24:13,720 --> 00:24:15,880
Speaker 4: something that you can do to tweak it and give

511
00:24:15,920 --> 00:24:18,359
Speaker 4: yourself a lot of grace and just keep it.

512
00:24:18,760 --> 00:24:21,120
Speaker 1: Yeah. No, that's good advice. I think tweaking and iterating

513
00:24:21,200 --> 00:24:23,000
Speaker 1: is so much better than chunking it out and trying

514
00:24:23,000 --> 00:24:26,600
Speaker 1: to start over and always trying to kind of implement

515
00:24:26,920 --> 00:24:29,920
Speaker 1: a wholesale new plan that can also they give me

516
00:24:29,960 --> 00:24:32,119
Speaker 1: demoralizing and how often can you actually do that right?

517
00:24:32,160 --> 00:24:35,160
Speaker 1: And so the tweaking is crucial to that as you're

518
00:24:35,280 --> 00:24:37,399
Speaker 1: kind of figuring things out. So that's good advice. We

519
00:24:37,640 --> 00:24:39,720
Speaker 1: have more to get to with you, Lena. We specifically

520
00:24:39,760 --> 00:24:42,640
Speaker 1: want to talk about kind of the mindset behind how

521
00:24:42,640 --> 00:24:44,399
Speaker 1: we make some of these changes. We'll get some questions

522
00:24:44,480 --> 00:24:45,800
Speaker 1: on that with you right after this.

523
00:24:53,960 --> 00:24:56,040
Speaker 2: Oh right, we're back and again we're talking about how

524
00:24:56,040 --> 00:24:58,399
Speaker 2: you can organize your money for twenty twenty four with

525
00:24:58,480 --> 00:24:59,919
Speaker 2: Elena Fingel and Elena.

526
00:25:00,000 --> 00:25:03,359
Speaker 1: I've heard you say that it's not necessarily.

527
00:25:02,920 --> 00:25:05,600
Speaker 2: The math or the budgeting or like the technical details,

528
00:25:05,640 --> 00:25:08,240
Speaker 2: right it's not that the bills are usually the issue,

529
00:25:08,520 --> 00:25:11,400
Speaker 2: but it's the behavior that's the issue. Do you think

530
00:25:11,400 --> 00:25:14,000
Speaker 2: that being more organized can help to combat some of

531
00:25:14,040 --> 00:25:18,639
Speaker 2: the emotional difficulties that we deal with pretty regularly on

532
00:25:18,680 --> 00:25:19,399
Speaker 2: the money front.

533
00:25:19,480 --> 00:25:19,800
Speaker 3: Yes.

534
00:25:20,000 --> 00:25:23,240
Speaker 4: So there are two sides of money. The math of money,

535
00:25:23,280 --> 00:25:25,639
Speaker 4: which is about twenty percent of it, but the mind

536
00:25:25,680 --> 00:25:29,439
Speaker 4: of money is the emotional side, and that's about eighty

537
00:25:29,520 --> 00:25:32,480
Speaker 4: percent of what we're dealing with. And that's why when

538
00:25:32,520 --> 00:25:36,080
Speaker 4: I was talking earlier about your money personality, Knowing your

539
00:25:36,160 --> 00:25:39,240
Speaker 4: money history, what house you grew up in, and how

540
00:25:39,280 --> 00:25:43,600
Speaker 4: your parents talked about money all affects how we see money.

541
00:25:43,840 --> 00:25:47,120
Speaker 4: Money is a resource, it's a tool, it's something that

542
00:25:47,160 --> 00:25:51,439
Speaker 4: we use, but ultimately a lot of people put a

543
00:25:51,520 --> 00:25:54,560
Speaker 4: certain value to it and it is the way that

544
00:25:54,640 --> 00:25:59,040
Speaker 4: we think about it that ultimately affects how it comes

545
00:25:59,040 --> 00:26:02,000
Speaker 4: to us and how it leaves our hands. And so

546
00:26:02,280 --> 00:26:05,480
Speaker 4: I talk a lot about the money psychology side, like

547
00:26:05,640 --> 00:26:09,520
Speaker 4: knowing yourself, knowing how you like to spend money, knowing

548
00:26:09,560 --> 00:26:12,280
Speaker 4: what your splurge is, and what's your favorite thing to

549
00:26:12,320 --> 00:26:15,720
Speaker 4: spend money on, and what you probably could live without.

550
00:26:15,840 --> 00:26:19,320
Speaker 4: Because I believe social media makes us believe that we

551
00:26:19,440 --> 00:26:23,200
Speaker 4: want it all, but in reality, most of us do

552
00:26:23,240 --> 00:26:25,800
Speaker 4: not want it all. Most of us have a favorite

553
00:26:25,800 --> 00:26:28,960
Speaker 4: thing that we ultimately love and we can live without

554
00:26:29,000 --> 00:26:31,960
Speaker 4: the rest and once we know that, we have tapped

555
00:26:31,960 --> 00:26:34,679
Speaker 4: into our superpower when it comes to our money, because

556
00:26:35,040 --> 00:26:39,080
Speaker 4: you can spend create Like I give myself permission to

557
00:26:39,119 --> 00:26:40,200
Speaker 4: spend on stationary.

558
00:26:40,280 --> 00:26:42,000
Speaker 3: I have a season where I'm.

559
00:26:41,880 --> 00:26:43,880
Speaker 4: Just like, I'm going to get all the stationary because

560
00:26:43,920 --> 00:26:47,120
Speaker 4: I love the stationary, but I will cut back on

561
00:26:47,280 --> 00:26:50,600
Speaker 4: other shopping items. I might cut back at restaurants, I

562
00:26:50,680 --> 00:26:54,240
Speaker 4: might cut back on other things that doesn't bring me

563
00:26:54,320 --> 00:26:56,600
Speaker 4: as much joy as stationary does.

564
00:26:57,200 --> 00:26:59,560
Speaker 1: Yeah, and I mean, I think it sounds nice or

565
00:26:59,800 --> 00:27:02,639
Speaker 1: it seems nice as we imagine to have like Elon

566
00:27:02,760 --> 00:27:05,159
Speaker 1: Musk levels of wealth, But most of us in reality

567
00:27:05,160 --> 00:27:08,680
Speaker 1: wouldn't trade places for his life versus ours, just because

568
00:27:08,720 --> 00:27:12,159
Speaker 1: probably not how intense and difficult it towns. If you

569
00:27:12,240 --> 00:27:15,159
Speaker 1: read the latest biography, well, part and part of like

570
00:27:15,200 --> 00:27:16,879
Speaker 1: what you're talking about too, is knowing yourself and what

571
00:27:16,960 --> 00:27:20,400
Speaker 1: makes you happy. It seems like like often we're mimicking

572
00:27:20,680 --> 00:27:23,879
Speaker 1: the people around us and how they spend, assuming that

573
00:27:23,880 --> 00:27:27,119
Speaker 1: that's just the way it's done. The way that we

574
00:27:27,160 --> 00:27:31,479
Speaker 1: should go about spending. How do you think about like

575
00:27:31,520 --> 00:27:33,320
Speaker 1: and how do you help people come to grips with

576
00:27:33,840 --> 00:27:36,679
Speaker 1: their own particular way of relating to money. How do

577
00:27:36,680 --> 00:27:38,600
Speaker 1: they get to know themselves a little more deeply and

578
00:27:38,640 --> 00:27:41,800
Speaker 1: how does that then impact what it looks like how

579
00:27:41,800 --> 00:27:43,119
Speaker 1: they interact with their own money.

580
00:27:43,200 --> 00:27:48,480
Speaker 4: So, ultimately, I'm asking people to define their definition of wealth.

581
00:27:48,840 --> 00:27:51,359
Speaker 3: What is your definition of wealth? How do you like

582
00:27:51,400 --> 00:27:52,880
Speaker 3: to spend your time.

583
00:27:53,680 --> 00:27:59,159
Speaker 4: And if because time usually will tell us more about

584
00:27:59,160 --> 00:28:01,680
Speaker 4: how you like to spend your money then the money itself.

585
00:28:02,080 --> 00:28:04,560
Speaker 4: If we talk about money in the terms of money,

586
00:28:04,680 --> 00:28:06,919
Speaker 4: most people will say, well, I want to travel, I

587
00:28:06,960 --> 00:28:09,199
Speaker 4: want to eat out, I want to go shopping, I

588
00:28:09,240 --> 00:28:12,800
Speaker 4: want to do all of this entertainment things, and they

589
00:28:12,880 --> 00:28:15,119
Speaker 4: just list all of the things that they have seen

590
00:28:15,240 --> 00:28:18,600
Speaker 4: other people do. They may talk about cars and houses

591
00:28:18,960 --> 00:28:23,119
Speaker 4: just because that is what they see. But when we

592
00:28:23,240 --> 00:28:26,800
Speaker 4: change it to time, usually people will start to talk

593
00:28:26,800 --> 00:28:29,040
Speaker 4: about the people that they want to spend time with

594
00:28:29,520 --> 00:28:31,679
Speaker 4: if they didn't have to work all the time, and

595
00:28:31,720 --> 00:28:35,280
Speaker 4: they will talk about how they the hobbies that they

596
00:28:35,440 --> 00:28:38,760
Speaker 4: enjoy or the things that they love to do. Because

597
00:28:39,000 --> 00:28:42,240
Speaker 4: when we are thinking about time, we know how limited

598
00:28:42,360 --> 00:28:46,560
Speaker 4: that resource is, and we feel like, oh, well, if

599
00:28:46,600 --> 00:28:48,240
Speaker 4: I had all the time in the world, this is

600
00:28:48,280 --> 00:28:51,840
Speaker 4: what I would do, And usually that is an indication

601
00:28:52,600 --> 00:28:56,800
Speaker 4: of how we would really enjoy spending our money. Now,

602
00:28:56,840 --> 00:29:01,240
Speaker 4: for some people it is certain things. It could be well,

603
00:29:01,520 --> 00:29:03,920
Speaker 4: I do like the cars, but then I would go

604
00:29:04,000 --> 00:29:06,000
Speaker 4: deeper and say, well, how do you like to spend

605
00:29:06,080 --> 00:29:08,240
Speaker 4: time with your cars? And usually they'll say, well, I

606
00:29:08,360 --> 00:29:10,120
Speaker 4: like to take the family out for a drive, or

607
00:29:10,160 --> 00:29:11,440
Speaker 4: I like to do and.

608
00:29:11,400 --> 00:29:12,280
Speaker 3: Take road trips.

609
00:29:12,320 --> 00:29:16,000
Speaker 4: And this is usually there is something else that is

610
00:29:16,160 --> 00:29:20,120
Speaker 4: tied to the value of the thing that we think

611
00:29:20,440 --> 00:29:23,440
Speaker 4: the money is going to bring us, and that is

612
00:29:23,480 --> 00:29:26,720
Speaker 4: our true definition of wealth. And once we know that thing,

613
00:29:27,200 --> 00:29:31,160
Speaker 4: then we can ultimately get there another way, and we

614
00:29:31,320 --> 00:29:35,040
Speaker 4: can stop spending our money on impulsive things that we

615
00:29:35,120 --> 00:29:38,920
Speaker 4: really don't want and focus all of our attention on

616
00:29:39,000 --> 00:29:40,320
Speaker 4: the things that we do want.

617
00:29:40,600 --> 00:29:43,240
Speaker 1: Okay, so yeah, it's then are are you then talking

618
00:29:43,240 --> 00:29:45,320
Speaker 1: about buying back your time with the money you've been

619
00:29:45,360 --> 00:29:47,440
Speaker 1: able to save? Is is that kind of one of

620
00:29:47,480 --> 00:29:48,960
Speaker 1: the goals where you're pushing people towards?

621
00:29:49,120 --> 00:29:49,360
Speaker 3: Yes?

622
00:29:49,520 --> 00:29:54,240
Speaker 4: Yes, So like for me with for instance, ultimately I said,

623
00:29:54,280 --> 00:29:56,400
Speaker 4: oh I want to be an entrepreneur because I want

624
00:29:56,400 --> 00:29:57,200
Speaker 4: to work for myself.

625
00:29:57,480 --> 00:29:58,920
Speaker 3: And I was like, well, is it.

626
00:29:58,840 --> 00:30:01,000
Speaker 4: Just because I want to work for my Well, no,

627
00:30:01,240 --> 00:30:02,840
Speaker 4: I really love being home.

628
00:30:03,160 --> 00:30:04,240
Speaker 3: Why do I like being home?

629
00:30:04,320 --> 00:30:07,080
Speaker 4: Because I liked to be home with my kids and

630
00:30:07,120 --> 00:30:09,320
Speaker 4: I wanted to be home with my kids when they

631
00:30:09,320 --> 00:30:14,200
Speaker 4: were younger. And previously, I was an auditor. So I

632
00:30:14,240 --> 00:30:17,280
Speaker 4: worked as an auditor for about eight years. But anybody

633
00:30:17,280 --> 00:30:20,560
Speaker 4: who's ever been an accountant, specifically an auditor, you know

634
00:30:20,680 --> 00:30:23,640
Speaker 4: that we travel a lot. So I used to have

635
00:30:23,800 --> 00:30:26,960
Speaker 4: a week home and a week off, so that means

636
00:30:27,080 --> 00:30:29,960
Speaker 4: I was here at my house for a week, and

637
00:30:30,000 --> 00:30:33,360
Speaker 4: then I would be gone for a week, and for

638
00:30:33,360 --> 00:30:35,760
Speaker 4: for like four months out of the year. That's how

639
00:30:35,800 --> 00:30:38,400
Speaker 4: I lived, all the way from January through April because

640
00:30:38,440 --> 00:30:39,320
Speaker 4: it was tax season.

641
00:30:39,840 --> 00:30:41,120
Speaker 3: That's how I would go.

642
00:30:41,400 --> 00:30:44,760
Speaker 4: And it was okay until my child was born and

643
00:30:44,840 --> 00:30:47,400
Speaker 4: she had her first cold and I was in Puerto

644
00:30:47,520 --> 00:30:50,080
Speaker 4: Rico and I couldn't do anything about it, and I

645
00:30:50,320 --> 00:30:53,000
Speaker 4: was just so incredibly upset, and I came home and

646
00:30:53,040 --> 00:30:55,200
Speaker 4: I told my husband I have to quit. I just

647
00:30:55,240 --> 00:30:58,320
Speaker 4: have to quit. And it did not matter that I

648
00:30:58,360 --> 00:31:02,000
Speaker 4: was making six figures. It did not matter that we

649
00:31:02,000 --> 00:31:04,400
Speaker 4: were going to be taking a huge pay cut.

650
00:31:04,880 --> 00:31:05,760
Speaker 3: None of it mattered.

651
00:31:05,920 --> 00:31:09,640
Speaker 4: I wanted to be home because I value that time

652
00:31:09,800 --> 00:31:13,680
Speaker 4: with her more than anything else. So I cut back

653
00:31:13,840 --> 00:31:17,920
Speaker 4: everything drastically. We cut our expenses, We did everything that

654
00:31:18,000 --> 00:31:21,720
Speaker 4: we could so that I could quit. And I think

655
00:31:21,760 --> 00:31:25,120
Speaker 4: that when we think of money in terms of that,

656
00:31:25,400 --> 00:31:28,000
Speaker 4: in times of the things that we truly truly want

657
00:31:28,040 --> 00:31:30,000
Speaker 4: to do, how we want to spend our time, we

658
00:31:30,040 --> 00:31:33,120
Speaker 4: buy our time back, and we are willing to sacrifice

659
00:31:33,240 --> 00:31:36,440
Speaker 4: a bunch of things to get that time back in

660
00:31:36,640 --> 00:31:38,160
Speaker 4: order to be able to do what we.

661
00:31:38,240 --> 00:31:39,000
Speaker 3: Really want to do.

662
00:31:39,120 --> 00:31:41,000
Speaker 2: Yeah, and I'm sure your husband was saying, I know

663
00:31:41,040 --> 00:31:43,680
Speaker 2: you're an auditor, but have you looked at our financials.

664
00:31:44,120 --> 00:31:47,400
Speaker 1: When you quit? Yeah, exactly, but later just made him

665
00:31:47,440 --> 00:31:50,480
Speaker 1: get two jobs. It's like you're going to work twice

666
00:31:50,880 --> 00:31:51,800
Speaker 1: twice as much now.

667
00:31:52,160 --> 00:31:54,080
Speaker 2: But I do think that there are some folks who

668
00:31:54,080 --> 00:31:56,480
Speaker 2: are like, no, truly, I'm just really into cars, right,

669
00:31:56,520 --> 00:31:58,680
Speaker 2: Like they might be into the gear or the technology,

670
00:31:58,720 --> 00:32:01,800
Speaker 2: but regardless, if you're into the stuff right like for

671
00:32:01,880 --> 00:32:04,840
Speaker 2: us as craft beer, or if you are looking for

672
00:32:05,320 --> 00:32:08,240
Speaker 2: the more intangible things like whether it's experiences or like

673
00:32:08,280 --> 00:32:11,360
Speaker 2: you're saying, whether it's to get your time back, how

674
00:32:11,400 --> 00:32:14,000
Speaker 2: do you decide and figure out how much is going

675
00:32:14,040 --> 00:32:16,760
Speaker 2: to be enough of whatever it is that you are

676
00:32:16,800 --> 00:32:20,200
Speaker 2: seeking after again, whether it's time, whether it's things. Because

677
00:32:20,280 --> 00:32:22,520
Speaker 2: I think it could be difficult to say, well, it's

678
00:32:22,600 --> 00:32:24,440
Speaker 2: nice to be able to be home with my daughter

679
00:32:24,480 --> 00:32:26,640
Speaker 2: when she has a cold, but what if I'm able

680
00:32:26,680 --> 00:32:29,240
Speaker 2: to be home even more time, or even beyond that,

681
00:32:29,240 --> 00:32:32,080
Speaker 2: what if I'm home full time? I think it can

682
00:32:32,160 --> 00:32:34,960
Speaker 2: be difficult to kind of maybe put your finger on

683
00:32:35,200 --> 00:32:37,960
Speaker 2: where it is that's gonna resonate the most with you.

684
00:32:38,400 --> 00:32:39,800
Speaker 1: How do you recommend for folks to do that.

685
00:32:40,040 --> 00:32:41,360
Speaker 3: So ultimately with me?

686
00:32:41,800 --> 00:32:45,120
Speaker 4: I know when I was doing this process initially, when

687
00:32:45,160 --> 00:32:49,760
Speaker 4: I wanted to take time, I just wanted to be with.

688
00:32:49,640 --> 00:32:52,160
Speaker 3: Her when she was younger. And then I had my

689
00:32:52,320 --> 00:32:54,920
Speaker 3: second kid, and I was like, oh, it's just about them.

690
00:32:55,040 --> 00:32:57,920
Speaker 4: Then they went to school, right, they get older and

691
00:32:58,000 --> 00:33:00,000
Speaker 4: they went off to school, and I was like, okay,

692
00:33:00,320 --> 00:33:02,160
Speaker 4: so now what am I going to go back?

693
00:33:02,440 --> 00:33:08,719
Speaker 3: And I realized, no, I really enjoy having my time

694
00:33:09,160 --> 00:33:11,120
Speaker 3: to be able to do what I want to do.

695
00:33:11,280 --> 00:33:13,840
Speaker 4: And so then I started to tie it to a hobby,

696
00:33:13,920 --> 00:33:16,320
Speaker 4: which is also another thing. You could have a hobby

697
00:33:16,640 --> 00:33:20,120
Speaker 4: of collecting cars or in my case, collecting planners and

698
00:33:20,200 --> 00:33:23,520
Speaker 4: stationary and that is your thing, right like, you just

699
00:33:23,680 --> 00:33:26,640
Speaker 4: love this, And if that's the case, then that's okay.

700
00:33:27,080 --> 00:33:31,640
Speaker 4: I think that ultimately we have to decide for me,

701
00:33:31,840 --> 00:33:35,720
Speaker 4: it's not the okay, having one planner is enough, or

702
00:33:35,760 --> 00:33:39,400
Speaker 4: having ten planners it's enough. It's the process of planning

703
00:33:39,440 --> 00:33:43,080
Speaker 4: that I truly enjoy. And I think I decide that

704
00:33:43,560 --> 00:33:47,239
Speaker 4: what is enough for me is when my level of

705
00:33:47,320 --> 00:33:49,080
Speaker 4: happiness hasn't.

706
00:33:48,640 --> 00:33:52,320
Speaker 3: Increased by the amount of planners that I have.

707
00:33:52,480 --> 00:33:55,280
Speaker 4: So if I have two planners and I'm super happy

708
00:33:55,480 --> 00:33:58,520
Speaker 4: and then that third one doesn't bring me even more

709
00:33:58,600 --> 00:34:01,400
Speaker 4: joy than that, maybe my definition of enough.

710
00:34:01,840 --> 00:34:04,240
Speaker 3: However, for you, it could change.

711
00:34:04,360 --> 00:34:06,320
Speaker 4: You may say, no, I want all the cars that

712
00:34:06,360 --> 00:34:11,480
Speaker 4: I could possibly have at all times. And we ultimately

713
00:34:12,360 --> 00:34:16,600
Speaker 4: have a personal definition of what is enough for us

714
00:34:16,760 --> 00:34:20,319
Speaker 4: or what ultimately makes us happy. And I think that

715
00:34:20,920 --> 00:34:24,080
Speaker 4: usually it comes when we start to compare it to

716
00:34:24,160 --> 00:34:24,960
Speaker 4: something else.

717
00:34:25,719 --> 00:34:26,880
Speaker 3: If it's going to take.

718
00:34:27,040 --> 00:34:31,480
Speaker 4: More money, more time, more resources, that's usually how you

719
00:34:31,520 --> 00:34:35,239
Speaker 4: will define enough. If I know that planning and ten

720
00:34:35,320 --> 00:34:38,080
Speaker 4: planners is going to take way too much of my time.

721
00:34:38,520 --> 00:34:42,000
Speaker 4: Usually that's too many for me. And then I'll say, okay,

722
00:34:42,440 --> 00:34:46,200
Speaker 4: what is enough? Maybe enough is two and that's the

723
00:34:46,320 --> 00:34:48,759
Speaker 4: time resource and that's the effort that I can put

724
00:34:48,800 --> 00:34:52,160
Speaker 4: into those two. So I have defined that as enough.

725
00:34:52,280 --> 00:34:55,040
Speaker 4: I think that the challenging part is is that we

726
00:34:55,120 --> 00:34:59,960
Speaker 4: don't question ourselves enough with that, with that big question

727
00:35:00,080 --> 00:35:02,960
Speaker 4: and of what is enough money for you? At what

728
00:35:03,120 --> 00:35:05,799
Speaker 4: point do you feel like, you know what? I could

729
00:35:05,840 --> 00:35:09,280
Speaker 4: be happy here if I lived here for the restaurant,

730
00:35:09,400 --> 00:35:12,080
Speaker 4: this would make me happy. Having this amount of time

731
00:35:12,080 --> 00:35:14,560
Speaker 4: would make me happy. Spending this with my family would

732
00:35:14,640 --> 00:35:18,120
Speaker 4: make me happy. And being able to define that for

733
00:35:18,160 --> 00:35:21,719
Speaker 4: yourself means that you ultimately really know yourself.

734
00:35:22,239 --> 00:35:23,200
Speaker 3: You know your money.

735
00:35:23,520 --> 00:35:27,640
Speaker 4: You know that I am at a state of happiness

736
00:35:27,880 --> 00:35:31,960
Speaker 4: that having more or less is maybe less might decrease it,

737
00:35:32,040 --> 00:35:34,480
Speaker 4: but having more is not going to increase it.

738
00:35:34,600 --> 00:35:36,920
Speaker 1: Yeah, talk to me about debt for a second, because

739
00:35:36,960 --> 00:35:40,160
Speaker 1: like you're just saying, well, you may give the car example.

740
00:35:40,520 --> 00:35:42,800
Speaker 1: In that case, a lot of folks if they were

741
00:35:43,040 --> 00:35:45,319
Speaker 1: to say well I need more cars or nicer cars

742
00:35:45,400 --> 00:35:46,640
Speaker 1: or something, that a lot of them would have to

743
00:35:46,640 --> 00:35:49,600
Speaker 1: go into debt for that. And there are a lot

744
00:35:49,640 --> 00:35:52,160
Speaker 1: of our listeners right now who are thinking, Okay, one

745
00:35:52,160 --> 00:35:54,839
Speaker 1: of my goals for the new year is to get

746
00:35:55,440 --> 00:35:57,360
Speaker 1: rid of some of the debt that I'm in, hopefully

747
00:35:57,400 --> 00:35:59,399
Speaker 1: if it's credit card debt or homemkeer, relign of credit

748
00:35:59,480 --> 00:36:01,360
Speaker 1: or personal So there are some of the worst kinds

749
00:36:01,400 --> 00:36:04,840
Speaker 1: right now. What organizational tools do those folks need to

750
00:36:04,840 --> 00:36:07,440
Speaker 1: have at their disposal in order to create and actually

751
00:36:07,440 --> 00:36:09,320
Speaker 1: stick to a debt payoff plan in your opinion?

752
00:36:09,440 --> 00:36:11,320
Speaker 4: So the first thing you have to decide is which

753
00:36:11,440 --> 00:36:15,720
Speaker 4: plan are you going to do? I love to ask

754
00:36:15,800 --> 00:36:18,680
Speaker 4: people who tell me I want to get out of debt.

755
00:36:18,960 --> 00:36:21,040
Speaker 4: The first question I usually ask is, well, how much

756
00:36:21,120 --> 00:36:24,440
Speaker 4: debt do you have? And so many people cannot answer

757
00:36:24,719 --> 00:36:27,600
Speaker 4: that question, and so the first thing you have to

758
00:36:27,640 --> 00:36:30,520
Speaker 4: know is, Okay, we need to gather it all up,

759
00:36:31,000 --> 00:36:33,480
Speaker 4: organize it, and see how much we have. I love

760
00:36:33,520 --> 00:36:36,520
Speaker 4: to break it down by consumer debt because usually those

761
00:36:36,600 --> 00:36:40,359
Speaker 4: are your high interest rate types of debt, and so

762
00:36:40,400 --> 00:36:43,120
Speaker 4: you want to know, Okay, what do I have that's

763
00:36:43,160 --> 00:36:43,920
Speaker 4: consumer debt?

764
00:36:44,080 --> 00:36:47,120
Speaker 3: What is higher interest rate? What's my lower interest rate?

765
00:36:47,200 --> 00:36:50,440
Speaker 4: What is costing you the most money every single month

766
00:36:50,560 --> 00:36:53,640
Speaker 4: that I am not paying this off? Once you add

767
00:36:53,719 --> 00:36:56,879
Speaker 4: up all of your debt and see how much that

768
00:36:57,040 --> 00:36:59,120
Speaker 4: is costing you on a monthly basis.

769
00:36:59,480 --> 00:37:00,640
Speaker 3: Usually that will.

770
00:37:00,520 --> 00:37:03,280
Speaker 4: Encourage you to pay it off because if you see

771
00:37:03,320 --> 00:37:06,560
Speaker 4: you are paying out one thousand and fifteen hundred dollars

772
00:37:07,000 --> 00:37:11,040
Speaker 4: in minimum fees every single month just because you have

773
00:37:11,160 --> 00:37:14,239
Speaker 4: this amount of debt, usually it will encourage you. And

774
00:37:14,280 --> 00:37:16,880
Speaker 4: then after you know your full amount, now you have

775
00:37:16,920 --> 00:37:19,920
Speaker 4: to decide on your plan. And once again, your plan

776
00:37:20,200 --> 00:37:24,800
Speaker 4: ultimately goes back to your personality. If you need small wins,

777
00:37:25,040 --> 00:37:28,200
Speaker 4: you need to win quickly. I always recommend the debt

778
00:37:28,200 --> 00:37:31,480
Speaker 4: snowball method because you pay off the lowest amount and

779
00:37:31,520 --> 00:37:34,640
Speaker 4: that gives you momentum to keep going. However, if you're

780
00:37:34,719 --> 00:37:37,600
Speaker 4: like I want to pay the least amount of interest

781
00:37:37,640 --> 00:37:40,480
Speaker 4: over time, I don't need the small wins, then I

782
00:37:40,480 --> 00:37:44,040
Speaker 4: would say your highest interest rate first, because you're going

783
00:37:44,080 --> 00:37:47,279
Speaker 4: to save more money over time. But ultimately you need

784
00:37:47,360 --> 00:37:52,080
Speaker 4: to know how much money you are, how much money

785
00:37:52,120 --> 00:37:55,680
Speaker 4: you owe, and how much money. What's your strategy going

786
00:37:55,760 --> 00:37:57,560
Speaker 4: to be to pay it off? Are you going to

787
00:37:57,680 --> 00:38:00,279
Speaker 4: use that snowball? Are you going to use you know,

788
00:38:00,400 --> 00:38:04,120
Speaker 4: the interest rate? Highest interest rate first? And how much

789
00:38:04,120 --> 00:38:06,919
Speaker 4: money do you have left in your budget to where

790
00:38:06,960 --> 00:38:09,919
Speaker 4: you can attack this debt. Do you have to find

791
00:38:09,920 --> 00:38:12,040
Speaker 4: a way to make more money? Can you cut back

792
00:38:12,120 --> 00:38:15,480
Speaker 4: on something in order to start paying this off? But

793
00:38:15,760 --> 00:38:20,279
Speaker 4: ultimately those three numbers. Knowing your total number, knowing your

794
00:38:20,320 --> 00:38:23,520
Speaker 4: process or your plan, and knowing how much money you

795
00:38:23,600 --> 00:38:27,279
Speaker 4: have to pay it off will help you develop a

796
00:38:27,320 --> 00:38:30,680
Speaker 4: good system for paying it off in a certain amount

797
00:38:30,719 --> 00:38:33,480
Speaker 4: of time. And how much time do you want or

798
00:38:33,560 --> 00:38:36,239
Speaker 4: give yourself before you actually pay this off. All of

799
00:38:36,280 --> 00:38:40,920
Speaker 4: it matters, but giving yourself grace in order to figure

800
00:38:41,000 --> 00:38:43,279
Speaker 4: all of this out is the best thing if you

801
00:38:43,360 --> 00:38:45,640
Speaker 4: are in a rush to pay it off. I always

802
00:38:45,680 --> 00:38:48,839
Speaker 4: ask why is there an ultimate bigger goal of why

803
00:38:48,880 --> 00:38:50,799
Speaker 4: you want to pay this off in six months? Or

804
00:38:50,880 --> 00:38:53,279
Speaker 4: is it just because you've seen that's what other people do.

805
00:38:53,800 --> 00:38:58,920
Speaker 4: Because sometimes we will get attached to an idea and

806
00:38:59,280 --> 00:39:03,080
Speaker 4: it's not a good logical idea for us to take on,

807
00:39:03,400 --> 00:39:06,680
Speaker 4: or it's just too challenging of an idea. I remember

808
00:39:06,719 --> 00:39:08,680
Speaker 4: when I first was paying off that I paid off

809
00:39:08,680 --> 00:39:12,080
Speaker 4: twenty five thousand dollars of credit card debt and I

810
00:39:12,280 --> 00:39:14,480
Speaker 4: wanted to pay it off in six months.

811
00:39:14,680 --> 00:39:17,040
Speaker 3: Why six months, I don't know. I saw it on Instagram.

812
00:39:17,160 --> 00:39:18,040
Speaker 3: Someone else did it.

813
00:39:18,080 --> 00:39:20,800
Speaker 4: I just said it, that looks like a good idea,

814
00:39:21,000 --> 00:39:24,160
Speaker 4: why not? And it took me about two years, and

815
00:39:24,239 --> 00:39:27,960
Speaker 4: I was just so disappointed. I was so incredibly disappointed.

816
00:39:28,200 --> 00:39:30,320
Speaker 4: And ultimately I had a friend who was like, wait,

817
00:39:30,360 --> 00:39:32,239
Speaker 4: why are you disappointed? I'm like, cause it took me

818
00:39:32,320 --> 00:39:35,560
Speaker 4: too long, and she was like, long compared, Oh, like,

819
00:39:35,800 --> 00:39:38,480
Speaker 4: the fact that you did it is so amazing, what

820
00:39:38,560 --> 00:39:40,719
Speaker 4: are you comparing this to? And I was like, yeah,

821
00:39:40,760 --> 00:39:43,400
Speaker 4: what am I comparing this to? I was comparing it

822
00:39:43,400 --> 00:39:46,640
Speaker 4: to what I had saw, but I wasn't given myself

823
00:39:46,680 --> 00:39:48,880
Speaker 4: credit for the fact that I actually did it.

824
00:39:49,040 --> 00:39:51,879
Speaker 3: So progress is progress. I would say that I love that.

825
00:39:51,880 --> 00:39:53,440
Speaker 2: That's so important to keep in mind because some of

826
00:39:53,440 --> 00:39:56,560
Speaker 2: the stories and we share obviously we talk about this

827
00:39:56,600 --> 00:39:59,160
Speaker 2: all the time, but it is good to hear other folks'

828
00:39:59,239 --> 00:40:01,200
Speaker 2: stories how it is that they went about paying down debt,

829
00:40:01,200 --> 00:40:03,399
Speaker 2: the different strategies they employed, whether or not they took

830
00:40:03,440 --> 00:40:07,160
Speaker 2: on more jobs, of increase their income, or whether they're

831
00:40:07,200 --> 00:40:09,360
Speaker 2: reducing their spending, you know, all of the different nuances.

832
00:40:09,800 --> 00:40:13,839
Speaker 2: But hopefully we just are encouraged by that, not necessarily thinking, oh,

833
00:40:13,880 --> 00:40:15,960
Speaker 2: we have to emulate this, because like you said it

834
00:40:16,000 --> 00:40:18,120
Speaker 2: may not be sustainable, and so much of this like

835
00:40:18,200 --> 00:40:19,879
Speaker 2: comes back to what it is that you're talking about,

836
00:40:20,040 --> 00:40:22,920
Speaker 2: which is that it comes down to us as individuals

837
00:40:22,960 --> 00:40:25,640
Speaker 2: and what we know is going to work for us. Elena,

838
00:40:25,719 --> 00:40:29,200
Speaker 2: We've got more questions for you, more money organizational questions

839
00:40:29,200 --> 00:40:31,520
Speaker 2: for you here that we'll get to right after this.

840
00:40:39,320 --> 00:40:41,240
Speaker 1: All right, we're back. We're still talking with Elena Fingal.

841
00:40:41,280 --> 00:40:43,600
Speaker 1: We're talking about organizing your money for twenty twenty four.

842
00:40:43,880 --> 00:40:46,719
Speaker 1: And Elena, it's interesting we're talking about organizing your money.

843
00:40:46,760 --> 00:40:49,560
Speaker 1: You've had a lot of great information. I specifically, I

844
00:40:49,600 --> 00:40:52,799
Speaker 1: love how we're talking about how systems are going to

845
00:40:52,880 --> 00:40:56,000
Speaker 1: trump your goals. Essentially that if you've made a goal

846
00:40:56,040 --> 00:40:57,480
Speaker 1: and you don't have the system to back it up,

847
00:40:57,600 --> 00:41:00,440
Speaker 1: the chances of success are low. But like you talked

848
00:41:00,440 --> 00:41:02,719
Speaker 1: about so many other things on the organizational front too.

849
00:41:02,719 --> 00:41:05,480
Speaker 1: On your YouTube channel, you have a video about organizing

850
00:41:05,480 --> 00:41:08,200
Speaker 1: your email inbox. I canve use some help on that

851
00:41:08,239 --> 00:41:12,320
Speaker 1: front personally, but like organization seems to spread to every

852
00:41:12,320 --> 00:41:14,400
Speaker 1: area of your life. Talk to me about like what

853
00:41:14,520 --> 00:41:18,040
Speaker 1: else you're organizing and how you think about organization and

854
00:41:17,600 --> 00:41:20,360
Speaker 1: how it goes even past just finances. For you.

855
00:41:20,560 --> 00:41:22,920
Speaker 4: Yeah, So when it came down to my inbox, the

856
00:41:22,960 --> 00:41:27,640
Speaker 4: big push behind that particular video was I was getting

857
00:41:27,680 --> 00:41:31,160
Speaker 4: a lot of emails from a lot of sales.

858
00:41:31,280 --> 00:41:32,480
Speaker 3: It was marketing emails.

859
00:41:32,480 --> 00:41:35,000
Speaker 4: They were marketing emails because you know at the end,

860
00:41:35,040 --> 00:41:38,200
Speaker 4: when you're checking out of almost any store, they will

861
00:41:38,239 --> 00:41:40,480
Speaker 4: ask you your email address and I would give it

862
00:41:40,480 --> 00:41:43,560
Speaker 4: to them. And then I kept getting bombarded with all

863
00:41:43,600 --> 00:41:46,160
Speaker 4: of these sales, with all of these beautiful planners, and

864
00:41:46,200 --> 00:41:49,040
Speaker 4: so I was buying them because I'm a stationary at

865
00:41:49,719 --> 00:41:54,080
Speaker 4: I have a problem. I have a problem, and I

866
00:41:54,320 --> 00:41:58,600
Speaker 4: cannot stop looking at them. So what ultimately I decided

867
00:41:58,640 --> 00:42:01,600
Speaker 4: to do was to create a separate email account that

868
00:42:01,680 --> 00:42:05,360
Speaker 4: would be specifically for these promotional emails that I was

869
00:42:05,400 --> 00:42:09,040
Speaker 4: getting on a consistent basis. So I would have a

870
00:42:09,080 --> 00:42:14,000
Speaker 4: separate box that was specifically organized for that, and it

871
00:42:14,120 --> 00:42:18,239
Speaker 4: helped me to stop myself from the impulse shopping. And

872
00:42:18,280 --> 00:42:20,279
Speaker 4: that's a lot of the techniques that I will do

873
00:42:20,880 --> 00:42:24,480
Speaker 4: is I create a lot of strategies to help my

874
00:42:25,480 --> 00:42:29,160
Speaker 4: personality because I can't change who I am, but ultimately

875
00:42:29,320 --> 00:42:33,279
Speaker 4: I can make it easier for myself to navigate my

876
00:42:33,400 --> 00:42:36,200
Speaker 4: life and my money through systems that I have put

877
00:42:36,239 --> 00:42:38,080
Speaker 4: into place. A couple of the things that I will

878
00:42:38,120 --> 00:42:41,520
Speaker 4: do is I will add things to my Amazon card,

879
00:42:41,760 --> 00:42:44,560
Speaker 4: but I won't purchase my Amazon card until the end

880
00:42:44,640 --> 00:42:46,799
Speaker 4: of the week. And the reason why I do that

881
00:42:46,960 --> 00:42:49,560
Speaker 4: is because I'll be adding things all week, and then

882
00:42:49,760 --> 00:42:52,120
Speaker 4: when it gets to Friday, I'm like, I don't even

883
00:42:52,120 --> 00:42:54,319
Speaker 4: want half of this stuff, and so I'll delete it

884
00:42:54,960 --> 00:42:57,759
Speaker 4: out of my card before I actually purchase it. Now,

885
00:42:57,800 --> 00:43:00,440
Speaker 4: some of it I actually do want, I'll get it,

886
00:43:00,520 --> 00:43:03,000
Speaker 4: but most of the times there's a lot of things

887
00:43:03,080 --> 00:43:05,800
Speaker 4: in there that I don't want. I don't allow myself

888
00:43:05,800 --> 00:43:09,200
Speaker 4: to late night scroll. When I'm late night scrolling on TikTok,

889
00:43:09,360 --> 00:43:11,520
Speaker 4: I'm going to buy a bunch of things.

890
00:43:11,600 --> 00:43:11,799
Speaker 3: Right.

891
00:43:11,880 --> 00:43:16,120
Speaker 1: It's just, especially now, is a bastion of consumer shopping.

892
00:43:16,160 --> 00:43:18,959
Speaker 3: Now it's so and it's so overwhelming.

893
00:43:18,960 --> 00:43:20,719
Speaker 4: Now I feel like a couple of years ago it

894
00:43:20,760 --> 00:43:23,400
Speaker 4: was not like that at all. Now it is so

895
00:43:23,600 --> 00:43:26,680
Speaker 4: much shopping, and so I almost have to look at it,

896
00:43:26,719 --> 00:43:28,600
Speaker 4: like in the Amazon app, like I have to look

897
00:43:28,640 --> 00:43:31,279
Speaker 4: at it, like, Okay, I can't go on here late

898
00:43:31,320 --> 00:43:31,680
Speaker 4: at night.

899
00:43:31,719 --> 00:43:33,480
Speaker 1: I set a shopping app now, you know.

900
00:43:34,400 --> 00:43:36,680
Speaker 3: And I can't go on when i'm bored.

901
00:43:37,080 --> 00:43:40,080
Speaker 4: Sometimes, when I'm really bored and I'm scrolling, I will

902
00:43:40,239 --> 00:43:41,919
Speaker 4: just buy stuff just to buy things.

903
00:43:41,960 --> 00:43:43,319
Speaker 1: It's like going to the grocery store when you're.

904
00:43:43,280 --> 00:43:45,279
Speaker 3: Hungry, exactly. It's the same thing.

905
00:43:45,480 --> 00:43:49,839
Speaker 4: I will limit myself because of the personality that I

906
00:43:49,960 --> 00:43:53,360
Speaker 4: know that I have, and I feel like when you

907
00:43:53,640 --> 00:43:59,000
Speaker 4: know your personality and you know how your mind starts

908
00:43:59,040 --> 00:44:01,200
Speaker 4: to work when it comes to money, you can start

909
00:44:01,239 --> 00:44:05,440
Speaker 4: to plan your life, your systems, your strategies around that.

910
00:44:05,960 --> 00:44:09,000
Speaker 4: So I will plan out my week every single Sunday.

911
00:44:09,080 --> 00:44:11,360
Speaker 4: I will talk to my husband to make sure that

912
00:44:11,480 --> 00:44:13,719
Speaker 4: we have a mail plan and we're thinking things through.

913
00:44:13,840 --> 00:44:16,160
Speaker 4: I'll talk to my kids and see what they have

914
00:44:16,320 --> 00:44:20,120
Speaker 4: coming up. I'll think about my events. I will set

915
00:44:20,200 --> 00:44:22,359
Speaker 4: systems around what I'm going to buy and what I'm

916
00:44:22,360 --> 00:44:25,399
Speaker 4: not going to buy, and even if that is too

917
00:44:25,480 --> 00:44:29,000
Speaker 4: tight a for you, just the simple strategy of saying, Okay,

918
00:44:29,120 --> 00:44:31,080
Speaker 4: let me put this money in my bill account and

919
00:44:31,120 --> 00:44:33,680
Speaker 4: this money and my spending account every single week to

920
00:44:33,800 --> 00:44:38,080
Speaker 4: make sure that I don't go overboard. But having those

921
00:44:38,160 --> 00:44:41,839
Speaker 4: things in place where you're thinking about your money in

922
00:44:41,920 --> 00:44:44,520
Speaker 4: multiple situations, not when it just comes to your budget.

923
00:44:44,680 --> 00:44:47,080
Speaker 4: When it comes to your inbox. If you find yourself

924
00:44:47,120 --> 00:44:50,080
Speaker 4: spending a lot of money out of emails that you're getting,

925
00:44:50,200 --> 00:44:52,440
Speaker 4: how can you build a system around that. If you

926
00:44:52,480 --> 00:44:55,520
Speaker 4: find yourself building spending money every time you go to

927
00:44:55,560 --> 00:44:58,440
Speaker 4: the mall or anytime you're in target, how can we

928
00:44:58,520 --> 00:45:01,160
Speaker 4: limit how many times we're in the mom in target?

929
00:45:01,600 --> 00:45:05,479
Speaker 4: Those simple strategies that we put in place can help

930
00:45:05,560 --> 00:45:07,120
Speaker 4: us ultimately with our money.

931
00:45:07,160 --> 00:45:07,520
Speaker 1: I love it.

932
00:45:07,600 --> 00:45:09,600
Speaker 2: Yeah, what I hear you saying is that you've implemented

933
00:45:09,680 --> 00:45:12,800
Speaker 2: rules in order to modify your behavior, and you're also

934
00:45:12,920 --> 00:45:16,799
Speaker 2: partitioning some of the different aspects of your life. Whether

935
00:45:16,840 --> 00:45:18,879
Speaker 2: it's your email right, so you've kind of partitioned it there,

936
00:45:18,920 --> 00:45:21,680
Speaker 2: whether it's your money, you've kind of curtained off certain

937
00:45:21,719 --> 00:45:24,600
Speaker 2: amounts of money. I got to know, I've been obsessed

938
00:45:24,680 --> 00:45:28,920
Speaker 2: with time management before, and you've talked about like your planner,

939
00:45:28,960 --> 00:45:31,239
Speaker 2: your calendar planner. But how is it that you are

940
00:45:31,280 --> 00:45:35,120
Speaker 2: managing and being more efficient with your time? Are you

941
00:45:35,360 --> 00:45:38,279
Speaker 2: organizing your days and just essentially listing out the things

942
00:45:38,320 --> 00:45:41,080
Speaker 2: that you're going to do and essentially sticking to that?

943
00:45:41,480 --> 00:45:42,760
Speaker 1: Is it that simple?

944
00:45:42,840 --> 00:45:46,960
Speaker 4: And I'm huge on time blocking, so so bigue on

945
00:45:47,080 --> 00:45:50,720
Speaker 4: time blocking. So I plan my day by the hour.

946
00:45:51,040 --> 00:45:53,760
Speaker 4: And I know that probably really type A for most people,

947
00:45:53,840 --> 00:45:57,399
Speaker 4: but it works so well for me, where I will

948
00:45:57,480 --> 00:46:00,839
Speaker 4: time block different things that I need to do at

949
00:46:00,880 --> 00:46:06,080
Speaker 4: a certain time. I was huge into productivity systems about

950
00:46:06,080 --> 00:46:08,080
Speaker 4: a couple of years ago, so I would watch all

951
00:46:08,120 --> 00:46:11,439
Speaker 4: of those videos and that's why probably I'm so into

952
00:46:11,480 --> 00:46:15,320
Speaker 4: stationary and love all the planners. But once I found

953
00:46:15,320 --> 00:46:19,319
Speaker 4: the hourly planner, it became everything to me. I would

954
00:46:19,520 --> 00:46:22,279
Speaker 4: use my planner in order to plan my day. I'll

955
00:46:22,320 --> 00:46:24,200
Speaker 4: think about the money that I have to spend and

956
00:46:24,239 --> 00:46:27,680
Speaker 4: I'll write it next to that particular event, and I

957
00:46:27,960 --> 00:46:30,920
Speaker 4: used that in order to stay on top of everything.

958
00:46:31,000 --> 00:46:34,160
Speaker 4: I'll rework my day. If my time is off track.

959
00:46:34,560 --> 00:46:38,839
Speaker 4: But ultimately I am using my planner for every area.

960
00:46:38,600 --> 00:46:39,320
Speaker 3: Of my life.

961
00:46:39,560 --> 00:46:41,640
Speaker 4: Anything that I need to do, it's in that planner.

962
00:46:41,680 --> 00:46:44,000
Speaker 4: And if it's not in that planner, I have forgotten.

963
00:46:46,960 --> 00:46:49,800
Speaker 1: I mean, I remember getting a pomp pilot or something

964
00:46:49,800 --> 00:46:51,520
Speaker 1: back in the day when I was in like early

965
00:46:51,600 --> 00:46:55,240
Speaker 1: high school, and it's like what you were saying earlier,

966
00:46:55,280 --> 00:46:56,680
Speaker 1: you have to find the right thing that works for you.

967
00:46:56,760 --> 00:47:00,680
Speaker 1: That didn't work for me. A Google calendar for anybody, Yeah, yeah,

968
00:47:00,680 --> 00:47:03,480
Speaker 1: I guess I was like the most disorganized person on

969
00:47:03,719 --> 00:47:05,560
Speaker 1: the history of planet Earth. And then I feel like,

970
00:47:05,600 --> 00:47:08,080
Speaker 1: now I've got a system that works for me, and

971
00:47:08,440 --> 00:47:12,080
Speaker 1: a disorganized guy can at least still get by talk

972
00:47:12,120 --> 00:47:14,160
Speaker 1: to me for a second. Learned about money challenges. You're

973
00:47:14,160 --> 00:47:17,239
Speaker 1: a fan of those, and specifically as like we're about

974
00:47:17,280 --> 00:47:20,839
Speaker 1: to crust into a new year, there's something about gamifying

975
00:47:20,840 --> 00:47:22,680
Speaker 1: your finances that can make it fun and they can

976
00:47:22,719 --> 00:47:26,080
Speaker 1: provide the right incentives. Why money challenges? And maybe do

977
00:47:26,120 --> 00:47:30,200
Speaker 1: you have a couple suggestions to help people as they're like, Okay, cool,

978
00:47:30,239 --> 00:47:32,680
Speaker 1: I really want to make significant progress in the first

979
00:47:33,040 --> 00:47:35,799
Speaker 1: three to six months of twenty twenty four. Are there

980
00:47:35,800 --> 00:47:37,680
Speaker 1: any money challenges that can help folks get there?

981
00:47:37,760 --> 00:47:41,799
Speaker 3: So I am. I love saving challenges. I feel like.

982
00:47:42,000 --> 00:47:48,399
Speaker 4: Anytime you do any type of savings challenge, it ultimately

983
00:47:48,480 --> 00:47:52,040
Speaker 4: provides this type of game that you want to win.

984
00:47:52,680 --> 00:47:55,440
Speaker 4: And I'm sure it's all psychology where it's just all

985
00:47:55,480 --> 00:47:58,880
Speaker 4: in my mind. But for some reason, having a Bengal

986
00:47:59,000 --> 00:48:02,239
Speaker 4: savings chart anytime, I just I want to fulfill it.

987
00:48:02,320 --> 00:48:03,960
Speaker 3: I want to beat the challenge.

988
00:48:04,280 --> 00:48:07,480
Speaker 4: So I do this every single November where I do

989
00:48:07,560 --> 00:48:11,879
Speaker 4: a thirty day challenge, and the entire chart is one

990
00:48:11,880 --> 00:48:16,680
Speaker 4: thousand dollars and basically the numbers are anywhere from zero

991
00:48:16,880 --> 00:48:19,799
Speaker 4: to sixty dollars. I think is the highest amount on there.

992
00:48:20,239 --> 00:48:24,080
Speaker 4: And I will just every single day, I'll see can

993
00:48:24,120 --> 00:48:26,520
Speaker 4: I move money to savings? Can I save money? And

994
00:48:26,560 --> 00:48:28,960
Speaker 4: I will highlight it and move that money over. And

995
00:48:29,040 --> 00:48:32,560
Speaker 4: the reason why I love that process so much is

996
00:48:32,840 --> 00:48:36,319
Speaker 4: I always set a specific goal, and I always tell

997
00:48:36,360 --> 00:48:39,359
Speaker 4: people if you're saving money, you should be saving it

998
00:48:39,400 --> 00:48:41,640
Speaker 4: for a reason. Don't save it just to save it,

999
00:48:41,719 --> 00:48:44,839
Speaker 4: because usually that takes all the fun out of it.

1000
00:48:44,840 --> 00:48:47,640
Speaker 4: It helps you to have a reason or why are

1001
00:48:47,680 --> 00:48:50,080
Speaker 4: you saving this? Even if it's just I need it

1002
00:48:50,239 --> 00:48:52,480
Speaker 4: for my emergency fund, that's perfect great.

1003
00:48:52,680 --> 00:48:54,919
Speaker 3: I just want to have a reason. Yes, we as

1004
00:48:55,000 --> 00:48:55,640
Speaker 3: you want to have that.

1005
00:48:55,800 --> 00:48:58,440
Speaker 1: We always Atlanta, we talk about how the basic emergency

1006
00:48:58,440 --> 00:49:01,160
Speaker 1: fund should be twenty four hundred sixty seven dollars. It's

1007
00:49:01,200 --> 00:49:02,840
Speaker 1: not just because Matt and I made up that number.

1008
00:49:03,160 --> 00:49:06,160
Speaker 1: It is hyper specific. That's something that economists found out

1009
00:49:06,160 --> 00:49:08,440
Speaker 1: a few years ago, like, hey, this is an amount

1010
00:49:08,480 --> 00:49:11,480
Speaker 1: that will help most people cover any emergency that pops up.

1011
00:49:11,719 --> 00:49:13,560
Speaker 1: But I love the specificity of it, and I think

1012
00:49:13,600 --> 00:49:16,160
Speaker 1: you're right. The more specific you can get, the more

1013
00:49:16,280 --> 00:49:18,960
Speaker 1: likely you are to keep working towards achieving that goal.

1014
00:49:18,960 --> 00:49:20,520
Speaker 1: If you're like I just kind of want to have

1015
00:49:20,560 --> 00:49:22,800
Speaker 1: ten grand or something like that, the more specific you

1016
00:49:22,800 --> 00:49:25,279
Speaker 1: can get it makes it more tangible, more real.

1017
00:49:25,400 --> 00:49:29,280
Speaker 4: Yeah, And like, even with us, I think our number

1018
00:49:29,600 --> 00:49:33,520
Speaker 4: for short term emergencies was three thousand. I think whoever

1019
00:49:33,640 --> 00:49:36,040
Speaker 4: came up with that number is it's absolutely dead on

1020
00:49:36,600 --> 00:49:40,400
Speaker 4: anytime we had an emergency in our house. I remember

1021
00:49:40,480 --> 00:49:43,640
Speaker 4: our kitchen flooded. It was insane, our kitchen flooded, the

1022
00:49:44,320 --> 00:49:47,080
Speaker 4: refrigerator went out at one point in time. But it

1023
00:49:47,320 --> 00:49:50,840
Speaker 4: always came around to like two thousand dollars every single time,

1024
00:49:51,280 --> 00:49:54,719
Speaker 4: And I said, okay, well we always need to have

1025
00:49:54,800 --> 00:49:59,680
Speaker 4: three thousand dollars set aside. And knowing that, knowing that, oh,

1026
00:49:59,760 --> 00:50:03,080
Speaker 4: that's the number, every time I have some type of

1027
00:50:03,120 --> 00:50:05,880
Speaker 4: savings challenge in front of me, then I was like, oh,

1028
00:50:05,960 --> 00:50:07,840
Speaker 4: I just need to save this three thousand. If I

1029
00:50:07,840 --> 00:50:11,520
Speaker 4: save three thousand, then we're good. And then I would say, oh,

1030
00:50:11,600 --> 00:50:13,960
Speaker 4: I need to save one thousand dollars because we're about

1031
00:50:14,000 --> 00:50:17,240
Speaker 4: to travel, or I need to save two hundred or

1032
00:50:17,280 --> 00:50:20,360
Speaker 4: five hundred dollars for this for a spa trip that

1033
00:50:20,400 --> 00:50:23,080
Speaker 4: I want to do, or you know, just thinking of

1034
00:50:23,120 --> 00:50:25,400
Speaker 4: the little things that you want to do and assigning

1035
00:50:25,480 --> 00:50:28,360
Speaker 4: a specific goal to it and then creating this type

1036
00:50:28,640 --> 00:50:32,239
Speaker 4: of challenge around it helps you to stay encouraged and

1037
00:50:32,320 --> 00:50:36,080
Speaker 4: motivated to actually go after that goal. If you just

1038
00:50:36,120 --> 00:50:38,439
Speaker 4: say I want to save twenty thousand dollars and there's

1039
00:50:38,480 --> 00:50:41,720
Speaker 4: no reason to do so, even if it's your top

1040
00:50:41,760 --> 00:50:45,040
Speaker 4: priority at the beginning of the year, you want to say, why,

1041
00:50:45,160 --> 00:50:47,279
Speaker 4: why do you need that money? What will you do

1042
00:50:47,400 --> 00:50:50,440
Speaker 4: when you have that money? Because when you can define

1043
00:50:50,480 --> 00:50:54,160
Speaker 4: what you will do, you're ultimately more likely to actually

1044
00:50:54,200 --> 00:50:57,840
Speaker 4: do it, and the challenges will help you to achieve

1045
00:50:57,880 --> 00:50:59,200
Speaker 4: the things that you want to achieve.

1046
00:50:59,280 --> 00:51:03,400
Speaker 2: It's all about breaking those large goals into practical, bite sized,

1047
00:51:04,160 --> 00:51:06,680
Speaker 2: smaller goals that are actually achievable that are going to

1048
00:51:06,719 --> 00:51:09,240
Speaker 2: allow you to move that needle in a massive way. Elena,

1049
00:51:09,480 --> 00:51:12,680
Speaker 2: thank you so much for talking to us about your superpower,

1050
00:51:13,320 --> 00:51:16,279
Speaker 2: which is organizing. But where is it that folks can

1051
00:51:16,360 --> 00:51:18,600
Speaker 2: learn more about you or they can look at the

1052
00:51:19,880 --> 00:51:22,719
Speaker 2: organized money planner actually that you've got up there on

1053
00:51:23,000 --> 00:51:24,040
Speaker 2: I believe ets, is that right?

1054
00:51:24,200 --> 00:51:25,319
Speaker 3: Yeah? So, I am.

1055
00:51:25,560 --> 00:51:27,560
Speaker 4: Of course, I have a TikTok shop as well, but

1056
00:51:27,680 --> 00:51:29,400
Speaker 4: it's TikTok Etsy.

1057
00:51:30,480 --> 00:51:31,799
Speaker 3: Also on Instagram.

1058
00:51:31,800 --> 00:51:34,200
Speaker 4: But anywhere you want to find me, you can find

1059
00:51:34,200 --> 00:51:38,040
Speaker 4: me on YouTube, the Organized Money, Instagram, the Organized Money TikTok.

1060
00:51:38,400 --> 00:51:42,080
Speaker 4: I do a bunch of videos around life and money organization.

1061
00:51:42,360 --> 00:51:45,160
Speaker 4: If you're interested in seeing how I love to plan

1062
00:51:45,280 --> 00:51:48,400
Speaker 4: my life. I have a bunch of videos on YouTube

1063
00:51:48,560 --> 00:51:52,239
Speaker 4: because I am a planner, babe. I love planners, and

1064
00:51:52,880 --> 00:51:54,919
Speaker 4: so I talk about them a lot. I talk about

1065
00:51:54,960 --> 00:51:56,960
Speaker 4: how they can help you. I talk about how you

1066
00:51:56,960 --> 00:52:00,279
Speaker 4: can use them ultimately to organize your life or in

1067
00:52:00,480 --> 00:52:03,160
Speaker 4: aid of your digital system. It's not that you get

1068
00:52:03,160 --> 00:52:05,839
Speaker 4: away from your digital system, but you were more likely

1069
00:52:05,960 --> 00:52:08,680
Speaker 4: to remember forty percent of what you write down. So

1070
00:52:08,760 --> 00:52:12,120
Speaker 4: writing down your goals is super important, and so my

1071
00:52:12,680 --> 00:52:15,759
Speaker 4: platform is all about teaching you how to get there

1072
00:52:15,880 --> 00:52:18,600
Speaker 4: and how to do the things that you want through

1073
00:52:19,040 --> 00:52:20,640
Speaker 4: life and money organization.

1074
00:52:21,080 --> 00:52:23,000
Speaker 1: Yeah, Elena, you rock. We love what you're up to.

1075
00:52:23,080 --> 00:52:25,000
Speaker 1: Thank you so much for joining us today on the podcast.

1076
00:52:25,040 --> 00:52:26,759
Speaker 3: Thank you for having me all.

1077
00:52:26,760 --> 00:52:28,560
Speaker 1: Right, matt, Elena's got a new fan in me. I

1078
00:52:28,560 --> 00:52:32,080
Speaker 1: love what she's up to. Same approach. Yeah, also her

1079
00:52:32,120 --> 00:52:36,399
Speaker 1: column presence for sure, as she fielded questions, Now we're

1080
00:52:36,760 --> 00:52:40,120
Speaker 1: kind of goofballs, and she was just straight as a

1081
00:52:40,200 --> 00:52:42,960
Speaker 1: narrow just talking a lot of sense and bringing a

1082
00:52:42,960 --> 00:52:45,680
Speaker 1: lot of good information, and truly like what she does.

1083
00:52:45,680 --> 00:52:47,839
Speaker 1: The way she talks about money. There's so many other

1084
00:52:47,880 --> 00:52:49,359
Speaker 1: people talking about it in that way. So I really

1085
00:52:49,400 --> 00:52:52,560
Speaker 1: appreach like her organism, appreciate her organizational approach to money.

1086
00:52:52,640 --> 00:52:54,319
Speaker 1: What was your big takeaway from this comma though?

1087
00:52:54,400 --> 00:52:57,080
Speaker 2: So she had so many great things, Like I feel

1088
00:52:57,080 --> 00:52:59,640
Speaker 2: like the overarching theme of this episode is just going

1089
00:52:59,719 --> 00:53:02,000
Speaker 2: to be that if you have goals without systems in

1090
00:53:02,040 --> 00:53:04,080
Speaker 2: place to achieve those goals, they're gonna be goals that

1091
00:53:04,120 --> 00:53:07,319
Speaker 2: are gonna be unmet. Yeah, you're not gonna reach those

1092
00:53:07,360 --> 00:53:11,000
Speaker 2: actual goals. But when it comes to my specific takeaway,

1093
00:53:11,800 --> 00:53:15,239
Speaker 2: I was thinking, Okay, this is kind of funny because

1094
00:53:15,280 --> 00:53:17,319
Speaker 2: this gets this gets really personal. I was thinking for

1095
00:53:17,440 --> 00:53:19,160
Speaker 2: that I was gonna get Kate for Christmas, like an

1096
00:53:19,239 --> 00:53:23,680
Speaker 2: organizational digital kind of calendar list thing where it's got

1097
00:53:23,719 --> 00:53:25,920
Speaker 2: like all the information for a family for the week,

1098
00:53:26,320 --> 00:53:29,680
Speaker 2: basically like a digital planner. And they make e ink

1099
00:53:29,800 --> 00:53:32,000
Speaker 2: versions of these, but sometimes they can be kind of pricey.

1100
00:53:32,480 --> 00:53:34,240
Speaker 1: But I guess just talking.

1101
00:53:34,080 --> 00:53:37,240
Speaker 2: With Elena and hearing her love and her passion for

1102
00:53:37,920 --> 00:53:41,000
Speaker 2: physical paper planners help me to realize that that's what

1103
00:53:41,040 --> 00:53:44,480
Speaker 2: my wife does, That's what Kate does. And she's voiced

1104
00:53:44,480 --> 00:53:46,560
Speaker 2: this in one form or the other as far as

1105
00:53:46,760 --> 00:53:49,520
Speaker 2: she likes her system. But I think I guess hearing

1106
00:53:49,640 --> 00:53:51,799
Speaker 2: Elena talk about, hey, no, you got to stick with

1107
00:53:51,840 --> 00:53:54,920
Speaker 2: what works for you has helped me to realize, Okay,

1108
00:53:54,960 --> 00:53:57,480
Speaker 2: maybe instead of getting some sort of new fancy technology

1109
00:53:57,480 --> 00:53:59,239
Speaker 2: thing that Matt's gonna love and that I think is

1110
00:53:59,239 --> 00:54:02,759
Speaker 2: gonna change revolutionize the efficiency of her family, like giving

1111
00:54:02,760 --> 00:54:05,719
Speaker 2: her a gift that you want basically, instead, I think

1112
00:54:05,760 --> 00:54:07,120
Speaker 2: I just need to get her another planner for twenty

1113
00:54:07,120 --> 00:54:07,600
Speaker 2: twenty four.

1114
00:54:08,000 --> 00:54:10,000
Speaker 1: So she's like, thanks, honey, exactly.

1115
00:54:10,400 --> 00:54:13,960
Speaker 2: But the big takeaway underneath that little anecdote is stick

1116
00:54:14,000 --> 00:54:16,200
Speaker 2: with the different systems that you know are going to

1117
00:54:16,280 --> 00:54:18,680
Speaker 2: work for you. And some of it is going to

1118
00:54:18,719 --> 00:54:20,640
Speaker 2: be through introspection, but some of it's just going to

1119
00:54:20,680 --> 00:54:23,080
Speaker 2: be through trial and error. Look back and think about

1120
00:54:23,120 --> 00:54:25,719
Speaker 2: times where things have worked for you, like when have

1121
00:54:25,719 --> 00:54:28,120
Speaker 2: you gotten a head, when have you reached your goals? Well,

1122
00:54:28,120 --> 00:54:31,200
Speaker 2: look at those specific strategies, but Yeah, that's my big takeaway.

1123
00:54:31,280 --> 00:54:33,680
Speaker 2: Don't try to force a round peg into a square hole,

1124
00:54:34,000 --> 00:54:36,120
Speaker 2: that kind of thing. So I have a bunch of takeaways,

1125
00:54:36,120 --> 00:54:37,759
Speaker 2: but I'm only going to offer one because that's how

1126
00:54:37,800 --> 00:54:39,600
Speaker 2: we do this thing. When she said we don't question

1127
00:54:39,680 --> 00:54:42,040
Speaker 2: ourselves enough, I thought that was like spot on.

1128
00:54:42,200 --> 00:54:44,799
Speaker 1: When it comes to knowing what's enough. Yeah, exactly, And

1129
00:54:44,840 --> 00:54:46,960
Speaker 1: I think that's so true. Like that it makes me

1130
00:54:47,000 --> 00:54:49,920
Speaker 1: think of our Money Mission Statement planner that we should

1131
00:54:49,920 --> 00:54:51,760
Speaker 1: link to in the show notes for this episode, because

1132
00:54:51,760 --> 00:54:53,720
Speaker 1: I think it starts to help you ask the questions

1133
00:54:53,760 --> 00:54:55,360
Speaker 1: of yourself to figure out what it is that you

1134
00:54:55,400 --> 00:54:59,160
Speaker 1: really want so you can organize your goals around your personality.

1135
00:54:59,160 --> 00:55:01,279
Speaker 1: And she talked about that at in this episode too,

1136
00:55:01,360 --> 00:55:03,520
Speaker 1: that it's not a one size fits all approach. But

1137
00:55:03,560 --> 00:55:05,960
Speaker 1: I think the more we question our motives, the more

1138
00:55:06,000 --> 00:55:09,200
Speaker 1: it's going to reveal kind of the underlying desires and

1139
00:55:09,440 --> 00:55:11,520
Speaker 1: the underlying orientation of our lives, what it is that

1140
00:55:11,560 --> 00:55:14,040
Speaker 1: we actually want out of this life, and how money

1141
00:55:14,120 --> 00:55:16,880
Speaker 1: fits into that. So oftentimes it feels like more money

1142
00:55:16,920 --> 00:55:18,560
Speaker 1: is a solution because then we can buy this, this,

1143
00:55:18,640 --> 00:55:20,799
Speaker 1: and that. But the truth is, why don't we want this? This?

1144
00:55:20,960 --> 00:55:23,279
Speaker 1: Or that, and sometimes it's like a house of cards

1145
00:55:23,280 --> 00:55:25,560
Speaker 1: that collapses and we're like, oh, what I was really

1146
00:55:25,560 --> 00:55:28,360
Speaker 1: wanting was something so much more basic, so much more affordable.

1147
00:55:28,400 --> 00:55:30,279
Speaker 2: In fact, turns out there's a corner I could have

1148
00:55:30,280 --> 00:55:32,000
Speaker 2: cut that would have allowed me to go directly to

1149
00:55:32,080 --> 00:55:34,400
Speaker 2: that thing. Yeah, rather than this roundabout path that involved

1150
00:55:34,440 --> 00:55:35,640
Speaker 2: a lot of expensive purchases.

1151
00:55:35,680 --> 00:55:37,840
Speaker 1: Yes, that we're completely onlesss. It makes me think of

1152
00:55:37,840 --> 00:55:40,640
Speaker 1: the fisherman story that almost everybody knows, right or oh

1153
00:55:40,680 --> 00:55:43,040
Speaker 1: you can a businessman, Yeah, keep out into your empire

1154
00:55:43,080 --> 00:55:45,399
Speaker 1: and then finally you get to retire and just fish

1155
00:55:45,440 --> 00:55:47,000
Speaker 1: with your friends. He's like, I already do that, right,

1156
00:55:47,000 --> 00:55:49,959
Speaker 1: I do? So, Yeah, I guess just maybe question yourself

1157
00:55:49,960 --> 00:55:51,800
Speaker 1: a little more. We'll link to that money mission statement

1158
00:55:51,800 --> 00:55:52,399
Speaker 1: that Matt and I crean.

1159
00:55:52,520 --> 00:55:54,040
Speaker 2: This is such a years ago. But yeah, a great

1160
00:55:54,040 --> 00:55:55,400
Speaker 2: time of year to do that too. I mean a

1161
00:55:55,400 --> 00:55:57,440
Speaker 2: lot of folks have a bit more time off. Is

1162
00:55:57,600 --> 00:56:00,879
Speaker 2: the ability to be a little more in respective with

1163
00:56:01,120 --> 00:56:03,640
Speaker 2: another year of life experience under your belt. I think

1164
00:56:03,760 --> 00:56:05,719
Speaker 2: is a great time to think through, all right, what

1165
00:56:05,800 --> 00:56:07,680
Speaker 2: is it that is important to me? How can I

1166
00:56:07,760 --> 00:56:08,600
Speaker 2: most directly.

1167
00:56:08,320 --> 00:56:10,480
Speaker 1: Achieve this one? Especially when she said money is what

1168
00:56:10,800 --> 00:56:14,040
Speaker 1: twenty percent math and eighty percent like emotion in head

1169
00:56:14,600 --> 00:56:16,319
Speaker 1: and I think that that's spot on. So if you

1170
00:56:16,360 --> 00:56:18,960
Speaker 1: can kind of get that eighty percent, be kind of

1171
00:56:18,960 --> 00:56:21,160
Speaker 1: more intentional about that, it's going to impact that twenty

1172
00:56:21,160 --> 00:56:22,640
Speaker 1: percent in a big way. That's right, man.

1173
00:56:22,640 --> 00:56:24,680
Speaker 2: All right, let's quickly get back to our beer, which

1174
00:56:24,719 --> 00:56:27,920
Speaker 2: was a phenomenal one. This is called Missile Toad. It's

1175
00:56:27,960 --> 00:56:32,160
Speaker 2: a triple IPA by Evergreen Brewing Company, and this one

1176
00:56:32,239 --> 00:56:35,320
Speaker 2: was donated to the show by Rihanna, and so Rihanna,

1177
00:56:35,320 --> 00:56:38,720
Speaker 2: thank you so much for donating this amazingly delicious beer.

1178
00:56:39,280 --> 00:56:41,319
Speaker 1: I've shared my thoughts on it. Yeah, it was so good.

1179
00:56:41,400 --> 00:56:43,759
Speaker 1: And this was a juice bomb. Holy cow, there's so

1180
00:56:43,840 --> 00:56:45,920
Speaker 1: much flavor, you know, into this thing. You know when

1181
00:56:45,960 --> 00:56:48,319
Speaker 1: you go to like a basketball game and they've got

1182
00:56:48,320 --> 00:56:50,799
Speaker 1: the T shirt cannon things. This was like that cannon.

1183
00:56:50,880 --> 00:56:52,799
Speaker 1: Yeah yeah, yeah. It's like they could put like tons

1184
00:56:52,800 --> 00:56:54,080
Speaker 1: of hops in that and then like put it right

1185
00:56:54,080 --> 00:56:56,719
Speaker 1: in my mouth. That's that's what I was getting from

1186
00:56:56,719 --> 00:56:58,800
Speaker 1: this one at close range in the best way possible,

1187
00:56:58,840 --> 00:57:03,160
Speaker 1: because I love hops. Is like tropical, tropical potency, and

1188
00:57:03,200 --> 00:57:05,120
Speaker 1: then this soft finish actually at the end too. It

1189
00:57:05,160 --> 00:57:06,200
Speaker 1: was just a lovely beer.

1190
00:57:06,239 --> 00:57:08,360
Speaker 2: Initially I thought it might be too sweet, because the

1191
00:57:08,400 --> 00:57:11,640
Speaker 2: first sip I took was just full on flavor assault.

1192
00:57:11,960 --> 00:57:13,839
Speaker 2: But like you said that, there are nuances and it's

1193
00:57:13,840 --> 00:57:16,680
Speaker 2: felt like there's almost like these muscadine like flavors, like

1194
00:57:16,720 --> 00:57:19,480
Speaker 2: a wild gaming this almost.

1195
00:57:19,200 --> 00:57:22,480
Speaker 1: To some of the sweeter taste, like vening. That's what

1196
00:57:22,520 --> 00:57:24,160
Speaker 1: I think of when you say gaming this, I mean

1197
00:57:24,240 --> 00:57:26,400
Speaker 1: just like with a canvas, like every artist brings something

1198
00:57:26,400 --> 00:57:28,240
Speaker 1: different brewer, same thing with hops, man, I mean, like

1199
00:57:28,280 --> 00:57:31,080
Speaker 1: you can get it's amazing IPAs that are just loaded

1200
00:57:31,160 --> 00:57:32,680
Speaker 1: up with hops and they don't taste good. This one

1201
00:57:32,880 --> 00:57:35,240
Speaker 1: loaded up with hops, but it tastes awesome. So it's yeah,

1202
00:57:35,280 --> 00:57:37,800
Speaker 1: thanks Nanna, we really appreciate it. And Matt, like we said,

1203
00:57:37,800 --> 00:57:39,600
Speaker 1: we'll link to that money mission statement in the show

1204
00:57:39,600 --> 00:57:41,840
Speaker 1: notes that you can you can check out and work

1205
00:57:41,880 --> 00:57:43,920
Speaker 1: on at your own pace. We think it'll be helpful

1206
00:57:43,960 --> 00:57:46,919
Speaker 1: as you're kind of thinking through organization and goals for

1207
00:57:47,040 --> 00:57:49,120
Speaker 1: the new year, and guess what, you're gonna be head

1208
00:57:49,120 --> 00:57:51,840
Speaker 1: of the pack because you're starting eleven days earlier. Yeah,

1209
00:57:51,880 --> 00:57:53,160
Speaker 1: all right, that's gonna do it for this one though.

1210
00:57:53,200 --> 00:57:54,200
Speaker 1: Matt until next time.

1211
00:57:54,440 --> 00:58:03,280
Speaker 2: Best friends out, best friends out the