1 00:00:00,280 --> 00:00:04,000 Speaker 1: Let's make this the year that we finally start asking 2 00:00:04,040 --> 00:00:08,639 Speaker 1: those hard questions about ourselves. What we are truly trying 3 00:00:08,640 --> 00:00:11,680 Speaker 1: to accomplish with our money, Why we spend the money 4 00:00:11,680 --> 00:00:14,120 Speaker 1: that we do, Why do we go into debt in 5 00:00:14,200 --> 00:00:18,120 Speaker 1: the first place, Not just paying off debt, but understanding 6 00:00:18,239 --> 00:00:21,680 Speaker 1: these deeper things that are happening inside of ourselves with 7 00:00:21,680 --> 00:00:25,360 Speaker 1: their emotions, but not only that, giving ourselves permission to 8 00:00:25,440 --> 00:00:26,520 Speaker 1: answer honestly. 9 00:00:41,200 --> 00:00:44,760 Speaker 2: Hey, everybody, Emily Abadi here. You are listening to Hurdle, 10 00:00:44,960 --> 00:00:48,400 Speaker 2: a wellness focused podcast. Reconnect with everyone from your favorite athletes, 11 00:00:48,560 --> 00:00:52,479 Speaker 2: top experts, and industry CEOs about their highest hies, toughest 12 00:00:52,479 --> 00:00:56,200 Speaker 2: moments and everything in between. We all go through hurdles 13 00:00:56,240 --> 00:00:58,880 Speaker 2: in life, and my goal through these discussions is to 14 00:00:58,880 --> 00:01:02,400 Speaker 2: empower you to better nowavigate yours and move with intention 15 00:01:02,720 --> 00:01:05,200 Speaker 2: so that you can stride towards your own big potential 16 00:01:05,600 --> 00:01:09,800 Speaker 2: and of course have some fun along the way. For 17 00:01:09,880 --> 00:01:13,039 Speaker 2: today's installment of Hurdle Moment, I am bringing back a 18 00:01:13,080 --> 00:01:16,440 Speaker 2: really powerful conversation I had at the top of twenty 19 00:01:16,480 --> 00:01:21,199 Speaker 2: twenty two with Comico Love. You may recognize her because 20 00:01:21,240 --> 00:01:23,840 Speaker 2: you follow her on social One of her millions of 21 00:01:23,920 --> 00:01:27,520 Speaker 2: followers over at the budget mom or perhaps you're just 22 00:01:27,800 --> 00:01:30,840 Speaker 2: a dedicated to hurdler. Because Comiko has been on the 23 00:01:30,920 --> 00:01:33,720 Speaker 2: show before, the last time she came on, we talked 24 00:01:33,760 --> 00:01:35,399 Speaker 2: all about financial wellness and. 25 00:01:35,360 --> 00:01:37,720 Speaker 3: We're back to do it together again. 26 00:01:37,840 --> 00:01:42,000 Speaker 2: Not only is Comiko a financial expert, she is also 27 00:01:42,360 --> 00:01:45,920 Speaker 2: a published author of the book My Money, My Way, 28 00:01:46,480 --> 00:01:50,000 Speaker 2: and that is exactly what we're talking about in today's episode, 29 00:01:50,160 --> 00:01:53,880 Speaker 2: how to be Smarter with your Money in twenty twenty three. 30 00:01:54,200 --> 00:01:57,840 Speaker 2: Like a lot of the gosh difficulties that we go through, right, 31 00:01:58,040 --> 00:02:00,880 Speaker 2: nothing can be done until you ad it to yourself 32 00:02:01,160 --> 00:02:04,680 Speaker 2: where you're at. Maybe you are navigating debt, maybe you 33 00:02:04,720 --> 00:02:07,080 Speaker 2: want to get into investing, Maybe you want to be 34 00:02:07,080 --> 00:02:09,800 Speaker 2: better about saving, maybe you want to be better at 35 00:02:09,840 --> 00:02:13,560 Speaker 2: spending only cash. I mean, god, the financial goals, they 36 00:02:13,600 --> 00:02:16,840 Speaker 2: are abundant. But Komiko says in today's episode that when 37 00:02:16,840 --> 00:02:19,760 Speaker 2: you recognize where you're at, then you can really focus 38 00:02:19,840 --> 00:02:21,920 Speaker 2: on where you want to go. We talk about her 39 00:02:21,960 --> 00:02:27,720 Speaker 2: best practice tips for everything from investing to budgeting. I 40 00:02:27,840 --> 00:02:30,880 Speaker 2: just was sitting here behind the microphone listening to her 41 00:02:31,040 --> 00:02:34,440 Speaker 2: at moments, being like, you are such a wealth of knowledge, 42 00:02:34,440 --> 00:02:38,360 Speaker 2: and I just felt excited, invigorated to bring it to 43 00:02:38,520 --> 00:02:41,920 Speaker 2: all of you, So grateful for Kmiko's time again, excited 44 00:02:41,919 --> 00:02:42,960 Speaker 2: for her new book. 45 00:02:42,800 --> 00:02:43,920 Speaker 3: My Money, My Way. 46 00:02:44,120 --> 00:02:45,560 Speaker 2: I will make sure to link to that in the 47 00:02:45,600 --> 00:02:48,399 Speaker 2: show notes and let me know if you love this 48 00:02:48,520 --> 00:02:51,600 Speaker 2: kind of content. I'm always thinking about different aspects of wellness, 49 00:02:51,600 --> 00:02:54,200 Speaker 2: ones that you may not focus on so much. 50 00:02:54,200 --> 00:02:56,320 Speaker 3: Here in the feed I want to be bringing you. 51 00:02:56,360 --> 00:02:58,040 Speaker 2: The stuff that you find helpful, the stuff that you 52 00:02:58,080 --> 00:03:00,799 Speaker 2: really enjoy, So make sure to tag the show over 53 00:03:00,840 --> 00:03:03,880 Speaker 2: on social with that feedback. It's over at Hurdle podcast. 54 00:03:03,960 --> 00:03:07,000 Speaker 2: I am over at Emily a Body, and I do 55 00:03:07,040 --> 00:03:08,560 Speaker 2: want to say a huge thank you to everyone who 56 00:03:08,560 --> 00:03:11,280 Speaker 2: has taken the time to or view the show over 57 00:03:11,400 --> 00:03:14,240 Speaker 2: in Apple Podcasts or whatever you get your podcasts. I've 58 00:03:14,240 --> 00:03:16,600 Speaker 2: been seeing a lot of good stuff in there lately. 59 00:03:16,840 --> 00:03:19,320 Speaker 2: Give it five stars. Show the world you love your 60 00:03:19,320 --> 00:03:23,560 Speaker 2: appreciation for being a hurdler. It means the world and 61 00:03:23,639 --> 00:03:26,120 Speaker 2: I yeah, that's it, just a little love letter from 62 00:03:26,160 --> 00:03:26,560 Speaker 2: me to you. 63 00:03:27,000 --> 00:03:41,520 Speaker 3: That's it for now. With that, let's get to hurdling today. 64 00:03:41,680 --> 00:03:44,720 Speaker 2: I am sitting down with Kamiko Love. She is a 65 00:03:44,760 --> 00:03:47,200 Speaker 2: friend of the pod that are known to so many 66 00:03:47,240 --> 00:03:48,160 Speaker 2: as the budget, Mom. 67 00:03:48,200 --> 00:03:49,080 Speaker 3: How you doing today? 68 00:03:49,600 --> 00:03:49,880 Speaker 1: Good? 69 00:03:50,200 --> 00:03:54,400 Speaker 2: Doing good, doing good. I am amped to bring you 70 00:03:54,440 --> 00:03:56,640 Speaker 2: back for a few reasons. The first reason, the first 71 00:03:56,640 --> 00:03:58,400 Speaker 2: time you were on the show, I got so much 72 00:03:58,920 --> 00:04:02,520 Speaker 2: great feedback, really appreciated all the tips that you had 73 00:04:02,560 --> 00:04:04,520 Speaker 2: to give us about financial wellness. I'll make sure to 74 00:04:04,600 --> 00:04:07,040 Speaker 2: link to that episode here in the show notes. But 75 00:04:07,680 --> 00:04:11,920 Speaker 2: also to celebrate the fact that you are a published author. 76 00:04:12,200 --> 00:04:16,480 Speaker 2: My Money, My Way. How are you feeling? Give us 77 00:04:16,640 --> 00:04:17,320 Speaker 2: the lowdown. 78 00:04:18,480 --> 00:04:22,320 Speaker 1: Well, it's overwhelming, for sure, and it's it's funny because 79 00:04:22,440 --> 00:04:25,280 Speaker 1: I never believed in a million years that I would 80 00:04:25,360 --> 00:04:28,760 Speaker 1: ever write a book. So funny fact about me, I 81 00:04:28,880 --> 00:04:33,440 Speaker 1: actually don't enjoy writing. I you know, it's a I've 82 00:04:33,520 --> 00:04:37,159 Speaker 1: never been a great writer. I've always been able to 83 00:04:37,680 --> 00:04:40,719 Speaker 1: I'm much more of a speaker. Yeah, so when I like, 84 00:04:40,839 --> 00:04:43,599 Speaker 1: I'm able to portray the emotion that I really want 85 00:04:43,600 --> 00:04:46,680 Speaker 1: to connect with people through speaking rather than writing. So 86 00:04:46,760 --> 00:04:49,520 Speaker 1: that definitely was a challenge. But I am so excited 87 00:04:49,600 --> 00:04:52,000 Speaker 1: that it's finally here, it's done. And you know, writing 88 00:04:52,080 --> 00:04:54,320 Speaker 1: a book is a big process. It's it takes a 89 00:04:54,360 --> 00:04:57,159 Speaker 1: really long time, and it's definitely something one of the 90 00:04:57,200 --> 00:05:02,000 Speaker 1: hardest things I've ever done. But I'm so glad we 91 00:05:02,120 --> 00:05:04,280 Speaker 1: did it, and I decided to do it because this 92 00:05:04,360 --> 00:05:07,599 Speaker 1: is ultimately for you know, changing lives, and that was 93 00:05:07,640 --> 00:05:09,960 Speaker 1: really the mission of the book. So I'm I'm just 94 00:05:10,040 --> 00:05:11,320 Speaker 1: overwhelmed and excited. 95 00:05:11,600 --> 00:05:11,920 Speaker 3: Wow. 96 00:05:12,000 --> 00:05:13,599 Speaker 2: So you say it takes a long time for you, 97 00:05:13,680 --> 00:05:15,680 Speaker 2: When did you start this whole process? 98 00:05:16,080 --> 00:05:20,000 Speaker 1: So we started about a year and a half ago. Really, Yes, 99 00:05:20,200 --> 00:05:23,119 Speaker 1: it was La Litla after the pandemic, when that really 100 00:05:23,160 --> 00:05:26,000 Speaker 1: started firing up and we were going into our first lockdown. 101 00:05:27,040 --> 00:05:30,280 Speaker 1: And you know, for years, my community has been asking 102 00:05:30,360 --> 00:05:33,240 Speaker 1: for a book, Miko, please put you know, all of 103 00:05:33,279 --> 00:05:35,839 Speaker 1: this information that you've been giving us the last six years, 104 00:05:35,880 --> 00:05:38,680 Speaker 1: like in one place, put it in one place where 105 00:05:38,720 --> 00:05:40,839 Speaker 1: I can I can find it. So but you know, 106 00:05:40,960 --> 00:05:43,120 Speaker 1: after so many years of doing this, you know, I 107 00:05:43,160 --> 00:05:45,599 Speaker 1: started back in twenty sixteen with the budget mom and 108 00:05:45,680 --> 00:05:48,200 Speaker 1: kind of sharing my journey, and so the content was 109 00:05:48,320 --> 00:05:51,680 Speaker 1: kind of sporadically all over the place. And but what 110 00:05:51,800 --> 00:05:54,360 Speaker 1: I realized too is that, gosh, there was so much 111 00:05:54,360 --> 00:05:57,120 Speaker 1: more I wanted to say where I felt like I 112 00:05:57,240 --> 00:06:00,479 Speaker 1: needed to say things that I haven't really had the 113 00:06:00,560 --> 00:06:03,359 Speaker 1: chance to really go into deep detail on. And so 114 00:06:03,880 --> 00:06:06,960 Speaker 1: this book was my perfect opportunity to do that for you. 115 00:06:07,160 --> 00:06:09,039 Speaker 2: When you say I had so much more to say, 116 00:06:09,080 --> 00:06:12,280 Speaker 2: do you feel like it was almost bringing you into 117 00:06:12,560 --> 00:06:14,599 Speaker 2: the things that you talk about a little bit more 118 00:06:14,720 --> 00:06:18,000 Speaker 2: like providing a little bit more personal context, shedding some 119 00:06:18,240 --> 00:06:21,240 Speaker 2: light on why these things matter so much to you. 120 00:06:21,240 --> 00:06:23,719 Speaker 2: Because I would assume that you know a lot of 121 00:06:23,720 --> 00:06:27,680 Speaker 2: people love your content because it is so digestible and 122 00:06:27,760 --> 00:06:30,560 Speaker 2: easy to understand. It really breaks down a lot of 123 00:06:30,560 --> 00:06:32,279 Speaker 2: things in a way that maybe they weren't thinking of 124 00:06:32,279 --> 00:06:33,000 Speaker 2: it beforehand. 125 00:06:33,480 --> 00:06:37,760 Speaker 1: Yes, absolutely, one hundred percent. I this this writing this 126 00:06:37,839 --> 00:06:41,720 Speaker 1: book was a self discovery journey on its own, for sure, 127 00:06:42,240 --> 00:06:44,640 Speaker 1: you know, and I really struggled for many I guess 128 00:06:44,680 --> 00:06:48,360 Speaker 1: it helps really solidify what you are trying to say 129 00:06:48,360 --> 00:06:51,840 Speaker 1: in a very clear way. Right. For example, I've been 130 00:06:51,839 --> 00:06:54,080 Speaker 1: working on my financial journey for ten years and I 131 00:06:54,160 --> 00:06:58,880 Speaker 1: discovered something this state of being, this state of feeling, 132 00:06:58,920 --> 00:07:02,520 Speaker 1: and for so long I had a hard time figuring 133 00:07:02,560 --> 00:07:05,200 Speaker 1: out what exactly do you call this? How do you 134 00:07:05,320 --> 00:07:09,039 Speaker 1: define what I have found in my life? How do 135 00:07:09,080 --> 00:07:13,640 Speaker 1: you even go about explaining this and defining it? So 136 00:07:13,720 --> 00:07:16,720 Speaker 1: I really had to do this kind of self discovery 137 00:07:16,800 --> 00:07:21,040 Speaker 1: and really get concise and specific about what I have 138 00:07:21,160 --> 00:07:23,760 Speaker 1: found in my own life and what I hope other 139 00:07:23,800 --> 00:07:25,960 Speaker 1: people find in their is after reading this book. 140 00:07:26,160 --> 00:07:29,560 Speaker 2: Money is such an emotional thing, right, like your feelings 141 00:07:29,600 --> 00:07:31,480 Speaker 2: around money, how we feel when we have it, how 142 00:07:31,520 --> 00:07:33,400 Speaker 2: we feel when we don't have it, how we feel 143 00:07:33,440 --> 00:07:36,720 Speaker 2: when we're worried about losing it. So many different, you know, 144 00:07:37,080 --> 00:07:41,120 Speaker 2: strong feelings tied to money and how we earn it 145 00:07:41,160 --> 00:07:42,480 Speaker 2: and what we do with it and et cetera. So 146 00:07:42,720 --> 00:07:45,000 Speaker 2: I can totally relate to that, and it's interesting that 147 00:07:45,080 --> 00:07:47,400 Speaker 2: idea of I don't know what to call this stage 148 00:07:47,720 --> 00:07:49,960 Speaker 2: when you get to a place where your financial health 149 00:07:50,040 --> 00:07:52,440 Speaker 2: is just exactly where you hope for it to be, 150 00:07:52,640 --> 00:07:56,360 Speaker 2: if not exceeding your expectations, I feel like the word 151 00:07:56,400 --> 00:07:59,480 Speaker 2: I would use to describe that is really just freedom. 152 00:08:00,480 --> 00:08:03,440 Speaker 1: Yeah, you know, it's funny because we thought about using freedom, 153 00:08:03,480 --> 00:08:07,600 Speaker 1: but for me, it was like, it's not just freedom, 154 00:08:07,760 --> 00:08:11,800 Speaker 1: it was this peace of mind is what kept popping 155 00:08:11,960 --> 00:08:15,800 Speaker 1: up in my mind. Peace of mind, especially as a 156 00:08:15,840 --> 00:08:18,920 Speaker 1: single mom, something that I have been searching for for 157 00:08:18,960 --> 00:08:24,200 Speaker 1: so long. But then I realize that it's all encompassing 158 00:08:24,600 --> 00:08:27,720 Speaker 1: in all aspect and areas of my life. From the 159 00:08:27,760 --> 00:08:31,440 Speaker 1: relationships that I have to the decisions that I'm making 160 00:08:31,440 --> 00:08:33,920 Speaker 1: on a daily basis, to the perspective and the way 161 00:08:33,920 --> 00:08:36,520 Speaker 1: that I see things, to the change and the value 162 00:08:36,559 --> 00:08:39,560 Speaker 1: and how I value things in my life. It trickles 163 00:08:39,600 --> 00:08:43,400 Speaker 1: into every aspect of your life. So it's not just 164 00:08:43,480 --> 00:08:49,240 Speaker 1: financial freedom. I really call it financial fulfillment. And that's 165 00:08:49,280 --> 00:08:51,320 Speaker 1: what we called it in the book, and that is 166 00:08:51,360 --> 00:08:54,240 Speaker 1: the end goal for every reader to accomplish and discover 167 00:08:54,360 --> 00:08:55,080 Speaker 1: for themselves. 168 00:08:55,600 --> 00:08:59,760 Speaker 3: Love that financial fulfillment. On finding financial fulfillment, Oh, it 169 00:09:00,080 --> 00:09:02,120 Speaker 3: makes it gives me the chills. It it makes me 170 00:09:02,120 --> 00:09:02,720 Speaker 3: want to find it. 171 00:09:02,760 --> 00:09:05,320 Speaker 2: So on that topic, that's exactly what we're here to 172 00:09:05,360 --> 00:09:09,000 Speaker 2: talk about today. Here we are January twenty twenty two, 173 00:09:09,400 --> 00:09:12,440 Speaker 2: and we are thinking about, maybe in a way that 174 00:09:12,480 --> 00:09:17,600 Speaker 2: we haven't thought in some time, about priorities and budgeting 175 00:09:18,040 --> 00:09:19,319 Speaker 2: and our finances. 176 00:09:19,440 --> 00:09:22,079 Speaker 3: And this is obviously exactly where you come in. 177 00:09:22,240 --> 00:09:25,280 Speaker 2: So I would love if we could unpack a few 178 00:09:25,400 --> 00:09:29,280 Speaker 2: of your top tips and tricks for someone that is 179 00:09:29,360 --> 00:09:32,320 Speaker 2: really looking to find that fulfillment in the new year. 180 00:09:32,480 --> 00:09:33,600 Speaker 3: Where do we even begin? 181 00:09:34,280 --> 00:09:37,200 Speaker 1: So first we have to realize, you know, when most people, 182 00:09:37,640 --> 00:09:40,000 Speaker 1: especially on starting a new year, we get all hyped 183 00:09:40,040 --> 00:09:43,120 Speaker 1: and excited about finally making progress with our financial goals 184 00:09:43,120 --> 00:09:45,640 Speaker 1: and making all these these shifts and these tweaks and 185 00:09:45,679 --> 00:09:47,800 Speaker 1: these changes in our lives to do better with our money. 186 00:09:48,480 --> 00:09:51,000 Speaker 1: But what we really need to understand from the get 187 00:09:51,080 --> 00:09:54,400 Speaker 1: go is one, this is not an overnight fix. This 188 00:09:54,480 --> 00:10:01,800 Speaker 1: is a transformation, and that transformation starts and really begins 189 00:10:01,880 --> 00:10:06,439 Speaker 1: with understanding yourself. A lot of time, we start this 190 00:10:06,559 --> 00:10:09,640 Speaker 1: new year saying I want to save five thousand dollars 191 00:10:09,760 --> 00:10:12,760 Speaker 1: or I want to pay off all of my debt. Right, 192 00:10:13,360 --> 00:10:17,720 Speaker 1: But that's the thing, those are only the end goals. 193 00:10:17,960 --> 00:10:22,480 Speaker 1: Lasting financial change in your life does not start or 194 00:10:22,600 --> 00:10:26,520 Speaker 1: end with hitting a specific goal. It happens when we 195 00:10:26,640 --> 00:10:31,280 Speaker 1: can manage our finances well even after we have hit 196 00:10:31,360 --> 00:10:35,520 Speaker 1: our goal. And the only way to do that is 197 00:10:35,720 --> 00:10:38,800 Speaker 1: I am encouraging everybody, especially if we're going you know, 198 00:10:38,840 --> 00:10:42,840 Speaker 1: we're talking about new year changes with our finances. Instead 199 00:10:42,840 --> 00:10:47,160 Speaker 1: of looking at as wanting to do better with our finances, 200 00:10:47,800 --> 00:10:51,240 Speaker 1: Let's start it off as a journey of discovering more 201 00:10:51,320 --> 00:10:55,320 Speaker 1: about ourselves. Let's make this the year that we finally 202 00:10:55,440 --> 00:11:01,360 Speaker 1: start asking those hard questions about learning about ourselves. What 203 00:11:01,440 --> 00:11:05,040 Speaker 1: we are truly trying to accomplish with our money. Why 204 00:11:05,120 --> 00:11:07,600 Speaker 1: we spend the money that we do, Why do we 205 00:11:07,679 --> 00:11:10,360 Speaker 1: go into debt in the first place, not just paying 206 00:11:10,360 --> 00:11:14,800 Speaker 1: off debt, but understanding these deeper things that are happening 207 00:11:14,880 --> 00:11:17,600 Speaker 1: inside of ourselves with their emotions, but not only that, 208 00:11:18,160 --> 00:11:23,280 Speaker 1: giving ourselves permission to answer honestly, right I ask. It's 209 00:11:23,320 --> 00:11:26,480 Speaker 1: so funny because during this whole new year, knew you, 210 00:11:26,559 --> 00:11:29,120 Speaker 1: which I really hate that saying, but I always say, 211 00:11:29,200 --> 00:11:31,920 Speaker 1: new year, better you. It's not a new you, right, 212 00:11:32,240 --> 00:11:36,160 Speaker 1: We're just improving and growing from the individuals that we 213 00:11:36,160 --> 00:11:39,120 Speaker 1: were last year, right, which is such an important part 214 00:11:39,160 --> 00:11:42,920 Speaker 1: of our story. We are not new you starting over. 215 00:11:43,200 --> 00:11:45,680 Speaker 1: We are, in fact using what we have learned in 216 00:11:45,720 --> 00:11:48,920 Speaker 1: the past to be better anyway. So that's my little 217 00:11:48,920 --> 00:11:52,000 Speaker 1: take on the whole New Year, New you. But really 218 00:11:52,280 --> 00:11:55,760 Speaker 1: it comes down to making this the year that you 219 00:11:55,920 --> 00:12:00,160 Speaker 1: discover and truly know who you are and answering that question, 220 00:12:00,840 --> 00:12:03,840 Speaker 1: what the heck are you trying to accomplish with your money? 221 00:12:04,200 --> 00:12:06,240 Speaker 2: No, I mean, that's an excellent question, and it's so 222 00:12:06,440 --> 00:12:09,760 Speaker 2: interesting hearing you talk about the emotions that go hand 223 00:12:09,800 --> 00:12:14,120 Speaker 2: in hand with finances because it rings true, also making 224 00:12:14,160 --> 00:12:16,680 Speaker 2: me think about perhaps the emotions that go hand in 225 00:12:16,720 --> 00:12:19,520 Speaker 2: hand with why we act a certain way, why we 226 00:12:19,600 --> 00:12:22,320 Speaker 2: eat certain things. I mean, come on emotional eating and 227 00:12:22,360 --> 00:12:26,400 Speaker 2: emotional spending to like very frequent and like. 228 00:12:26,520 --> 00:12:28,280 Speaker 3: Popular topics of discussion. 229 00:12:28,320 --> 00:12:31,680 Speaker 2: Here something that I can certainly relate with and something 230 00:12:31,720 --> 00:12:33,720 Speaker 2: that you really do need to do a little bit 231 00:12:33,760 --> 00:12:36,640 Speaker 2: of a work to uncover to understand why you do 232 00:12:36,760 --> 00:12:39,160 Speaker 2: both things. What is going on in my life when 233 00:12:39,200 --> 00:12:42,160 Speaker 2: I walk over to the fridge. For me, I've literally 234 00:12:42,440 --> 00:12:45,320 Speaker 2: realized that every single time I sit down at my 235 00:12:45,400 --> 00:12:47,920 Speaker 2: desk and I'm about to start like a really big project, 236 00:12:48,120 --> 00:12:51,720 Speaker 2: I have a gut instinct to at first before I start, 237 00:12:51,960 --> 00:12:53,880 Speaker 2: get up, walk to the fridge and like do a 238 00:12:53,880 --> 00:12:54,760 Speaker 2: little investigation. 239 00:12:55,400 --> 00:12:55,600 Speaker 3: Right. 240 00:12:55,679 --> 00:12:58,480 Speaker 1: So, yeah, you know I call this hard, the hard 241 00:12:58,520 --> 00:13:02,640 Speaker 1: work of financial change. You know, this is beyond just 242 00:13:02,679 --> 00:13:05,960 Speaker 1: the surface level solutions that we are all searching for. 243 00:13:06,120 --> 00:13:09,880 Speaker 1: This is the actual deep crap that will actually cause 244 00:13:09,960 --> 00:13:12,200 Speaker 1: lasting change in your life. And that's really what we're 245 00:13:12,200 --> 00:13:14,200 Speaker 1: trying to accomplish. I know a lot of us say 246 00:13:14,520 --> 00:13:16,480 Speaker 1: it's to invest, is to pay off debts, to save, 247 00:13:17,000 --> 00:13:21,040 Speaker 1: but really we're all looking for something deeper, right, And 248 00:13:21,720 --> 00:13:24,479 Speaker 1: I really do feel that to get to financial fulfillment. 249 00:13:25,120 --> 00:13:29,240 Speaker 1: You need to first and foremost understand yourself, because let's 250 00:13:29,280 --> 00:13:33,079 Speaker 1: be honest, this journey starts with you. It starts with you, 251 00:13:33,200 --> 00:13:36,520 Speaker 1: not your money, not the numbers, not your debt, not 252 00:13:36,640 --> 00:13:40,120 Speaker 1: your income. It starts with you. That's where the change 253 00:13:40,200 --> 00:13:43,120 Speaker 1: starts and really happens. And so I think that if 254 00:13:43,160 --> 00:13:47,520 Speaker 1: we can change this, shift this conversation from I just 255 00:13:47,559 --> 00:13:49,600 Speaker 1: want to accomplish paying off my debt, or I just 256 00:13:49,640 --> 00:13:51,280 Speaker 1: want to save this much money, or I want to 257 00:13:51,280 --> 00:13:54,199 Speaker 1: invest this instead, make it the year of really discovering 258 00:13:54,200 --> 00:13:56,880 Speaker 1: who you are. It's funny I ask a lot of 259 00:13:56,920 --> 00:13:59,040 Speaker 1: people who are just starting this journey like and going 260 00:13:59,080 --> 00:14:03,520 Speaker 1: into your you know what makes you happy? What brings 261 00:14:03,600 --> 00:14:07,480 Speaker 1: value to your life? And for so many people, they hesitate. 262 00:14:08,000 --> 00:14:14,640 Speaker 1: They can't even truly answer that question. What makes you happy? 263 00:14:15,080 --> 00:14:17,200 Speaker 1: What brings value to your life? And what are you 264 00:14:17,200 --> 00:14:20,280 Speaker 1: truly trying to accomplish with your money. Some people even 265 00:14:20,360 --> 00:14:24,680 Speaker 1: get afraid to say what they truly want out loud 266 00:14:25,160 --> 00:14:28,560 Speaker 1: because it doesn't fit the mold that we have been 267 00:14:28,640 --> 00:14:32,160 Speaker 1: given that define success and value for everybody else in 268 00:14:32,200 --> 00:14:35,400 Speaker 1: ourselves right it kind of been so they get they 269 00:14:35,480 --> 00:14:38,520 Speaker 1: start to doubt themselves, like am I really supposed to 270 00:14:38,560 --> 00:14:41,600 Speaker 1: want that? Like, is that something that I Is it 271 00:14:41,640 --> 00:14:43,880 Speaker 1: okay to dream that day? Or is it okay? You know, 272 00:14:43,920 --> 00:14:47,080 Speaker 1: they start to doubt themselves. But I'm telling you, once 273 00:14:47,120 --> 00:14:51,000 Speaker 1: you understand yourself and find financial fulfillment, it won't matter. 274 00:14:51,360 --> 00:14:55,320 Speaker 2: The first step here acknowledging where you're at, being honest 275 00:14:55,360 --> 00:14:58,560 Speaker 2: with yourself about what's actually happening, so that you can 276 00:14:58,960 --> 00:15:02,440 Speaker 2: get or better understand of the current situation and figure 277 00:15:02,440 --> 00:15:05,160 Speaker 2: out and better articulate where you want to go. What's 278 00:15:05,240 --> 00:15:08,400 Speaker 2: the next step that you would recommend to someone on 279 00:15:08,640 --> 00:15:11,320 Speaker 2: their journey for financial fulfillment. 280 00:15:11,040 --> 00:15:13,240 Speaker 1: Sonny to ask themselves why are they on this journey 281 00:15:13,280 --> 00:15:17,040 Speaker 1: in the first place? And I call this finding your 282 00:15:17,080 --> 00:15:20,240 Speaker 1: why or your purpose? Now, this is this is something 283 00:15:20,320 --> 00:15:22,440 Speaker 1: you know. I think everyone kind of gets to this 284 00:15:22,520 --> 00:15:25,120 Speaker 1: point in their life where it's like that initial push 285 00:15:25,240 --> 00:15:28,480 Speaker 1: to cause and spur change, you know, whether some people 286 00:15:28,560 --> 00:15:31,720 Speaker 1: call this rock bottom, you know, getting maybe your car repossessed, 287 00:15:31,800 --> 00:15:33,800 Speaker 1: or getting into so much credit card debt where you're 288 00:15:33,840 --> 00:15:36,600 Speaker 1: having a hard time paying the bills. It's getting to 289 00:15:36,640 --> 00:15:39,120 Speaker 1: this point in your life where you're like, I don't 290 00:15:39,160 --> 00:15:43,800 Speaker 1: want to live this way anymore. I deserve something better. 291 00:15:44,240 --> 00:15:48,720 Speaker 1: I want something more, and so really that initial push 292 00:15:48,800 --> 00:15:51,680 Speaker 1: and spur for change in our lives with our finances 293 00:15:51,720 --> 00:15:54,600 Speaker 1: is what I call finding your why Why the heck 294 00:15:54,640 --> 00:15:57,160 Speaker 1: are you doing this? For instance, why is people here 295 00:15:57,240 --> 00:16:00,400 Speaker 1: listening to this podcast? There's a reason, right, We need 296 00:16:00,440 --> 00:16:03,920 Speaker 1: to identify that reason. The next step everyone needs to 297 00:16:03,960 --> 00:16:07,560 Speaker 1: do is bring awareness into their lives. You cannot change 298 00:16:07,560 --> 00:16:10,360 Speaker 1: what you do not know. Period. I know there are 299 00:16:10,360 --> 00:16:12,400 Speaker 1: a lot of people out there that say, oh, tracking 300 00:16:12,440 --> 00:16:15,360 Speaker 1: you're spending is a waste of time. It actually works 301 00:16:15,400 --> 00:16:18,000 Speaker 1: against you because you're spending too much time tracking and 302 00:16:18,040 --> 00:16:20,400 Speaker 1: not enough time doing the actual work. I think it's 303 00:16:20,440 --> 00:16:23,920 Speaker 1: all bull crap. You need to track your spending period. 304 00:16:24,480 --> 00:16:28,760 Speaker 1: It takes work, yes, it takes time, yes, But that 305 00:16:28,920 --> 00:16:32,720 Speaker 1: time and effort and work is worth it because until 306 00:16:32,760 --> 00:16:36,320 Speaker 1: you know your starting place, you can't have change because 307 00:16:36,320 --> 00:16:38,840 Speaker 1: you can't change what you don't know. The next thing 308 00:16:38,920 --> 00:16:43,120 Speaker 1: I really tell people that next step is awareness. As 309 00:16:43,320 --> 00:16:46,360 Speaker 1: scary as it might be sometimes and we may not 310 00:16:46,520 --> 00:16:48,800 Speaker 1: want to look at it in the face, but we 311 00:16:48,960 --> 00:16:51,600 Speaker 1: have to. And I'm telling you know, there's a lot 312 00:16:51,680 --> 00:16:55,480 Speaker 1: of people out there who have anxiety and fear around 313 00:16:55,520 --> 00:16:57,320 Speaker 1: looking at where their money is really going like I 314 00:16:57,360 --> 00:17:00,920 Speaker 1: don't want to know, right, But the truth is, I 315 00:17:01,040 --> 00:17:05,119 Speaker 1: promise you now, when you first initially look at it, yes, 316 00:17:05,359 --> 00:17:08,760 Speaker 1: you might feel sad, you might feel scared, you might 317 00:17:08,800 --> 00:17:11,600 Speaker 1: even feel like, geez, I'm never gonna get through this. 318 00:17:13,000 --> 00:17:17,400 Speaker 1: After a while, that all kind of subsides because finally, 319 00:17:17,440 --> 00:17:20,840 Speaker 1: for the first time, you understand the mountain you have 320 00:17:20,960 --> 00:17:24,720 Speaker 1: to climb, and that awareness all of a sudden turns 321 00:17:24,760 --> 00:17:29,359 Speaker 1: from fear into the excitement of knowing, Okay, this is 322 00:17:29,400 --> 00:17:32,040 Speaker 1: where I'm starting. But you know what, I know exactly 323 00:17:32,080 --> 00:17:34,639 Speaker 1: what I have to tackle now. I know exactly what 324 00:17:34,840 --> 00:17:38,280 Speaker 1: is happening, what's going on. It's always scarier to be 325 00:17:38,400 --> 00:17:40,920 Speaker 1: in the unknown than it is the known. That's kind 326 00:17:40,920 --> 00:17:42,480 Speaker 1: of my motto, right, not. 327 00:17:42,600 --> 00:17:45,280 Speaker 2: Just as you said, articulating the emotions behind what's going on, 328 00:17:45,320 --> 00:17:47,919 Speaker 2: but then really getting into the nitty gritty of what 329 00:17:48,160 --> 00:17:52,239 Speaker 2: is actually happening. So we have this person, they are 330 00:17:52,280 --> 00:17:56,399 Speaker 2: taking ownership. They are like ready to get really uncomfortable. 331 00:17:56,800 --> 00:17:58,960 Speaker 2: A question that you probably get often, and I know 332 00:17:59,000 --> 00:18:01,800 Speaker 2: that you have some tools on your website and via 333 00:18:01,840 --> 00:18:04,840 Speaker 2: your Instagram and your social platforms, is what should I 334 00:18:04,880 --> 00:18:05,600 Speaker 2: be using. 335 00:18:05,359 --> 00:18:06,719 Speaker 3: To keep track of all this stuff. 336 00:18:06,840 --> 00:18:08,880 Speaker 1: Yes, it is a lot, right, it does seem kind 337 00:18:08,920 --> 00:18:10,760 Speaker 1: I know. I still get people who come to my Instagram. 338 00:18:11,080 --> 00:18:12,800 Speaker 1: They look in at all this stuff and they're like, oh, 339 00:18:12,920 --> 00:18:16,320 Speaker 1: this is so overwhelming. It's true. There's a lot of 340 00:18:16,400 --> 00:18:20,879 Speaker 1: information being thrown at us once we start doing this work, 341 00:18:21,600 --> 00:18:23,800 Speaker 1: and so you may not think about it this way. 342 00:18:23,880 --> 00:18:29,080 Speaker 1: But organization and finances go hand in hand. Okay, they 343 00:18:29,119 --> 00:18:32,080 Speaker 1: go together. A lot of people do not think about 344 00:18:32,359 --> 00:18:34,919 Speaker 1: organization when they start talking about their finances, but it 345 00:18:34,960 --> 00:18:38,640 Speaker 1: is pivotal from the workspace that you work in when 346 00:18:38,720 --> 00:18:41,200 Speaker 1: you're sitting down looking over your budget or working through 347 00:18:41,240 --> 00:18:43,960 Speaker 1: your financial routine. From the way that we decide to 348 00:18:44,240 --> 00:18:48,600 Speaker 1: organize this information that we're discovering, our spending, our debt, 349 00:18:48,680 --> 00:18:52,560 Speaker 1: our savings, are investing. So organization is a huge part. Now. 350 00:18:53,800 --> 00:18:55,919 Speaker 1: I am a huge believer you have to do what 351 00:18:56,000 --> 00:18:58,440 Speaker 1: works best for you one hundred percent. This is why 352 00:18:58,480 --> 00:19:01,560 Speaker 1: my book is called My Money, My Way. Okay, me personally, 353 00:19:02,320 --> 00:19:05,560 Speaker 1: I track my spending manually. Okay, Like you said, you 354 00:19:05,680 --> 00:19:09,959 Speaker 1: use a spreadsheet sometimes that's easier for people. For me, though, 355 00:19:10,480 --> 00:19:14,679 Speaker 1: my spending became very real and very tangible in my 356 00:19:14,800 --> 00:19:16,760 Speaker 1: life when I could write it down and see it 357 00:19:16,800 --> 00:19:19,399 Speaker 1: on paper. That was just me. That's how it clicked 358 00:19:19,400 --> 00:19:22,560 Speaker 1: in my head. So I track all my spending. I 359 00:19:22,560 --> 00:19:25,320 Speaker 1: spend about five to ten minutes every morning tracking my 360 00:19:25,400 --> 00:19:29,000 Speaker 1: spending from the day before. I use a printed out 361 00:19:29,080 --> 00:19:32,080 Speaker 1: expense tracker that is in my budget by Paycheck workbook, 362 00:19:32,440 --> 00:19:35,760 Speaker 1: and I use the highlighter method. Something that I discovered 363 00:19:35,760 --> 00:19:37,479 Speaker 1: on my journey is one of the things that you 364 00:19:37,560 --> 00:19:39,879 Speaker 1: also have to discover for yourself is what kind of 365 00:19:39,960 --> 00:19:44,560 Speaker 1: learner are you and what are the things that motivate 366 00:19:44,800 --> 00:19:48,080 Speaker 1: you on your financial journey? And I noticed for me 367 00:19:49,040 --> 00:19:53,400 Speaker 1: that's visual tools. I am a visual learner. So by 368 00:19:53,400 --> 00:19:57,640 Speaker 1: writing my expenses out using the highlighter method to highlight 369 00:19:57,680 --> 00:20:01,760 Speaker 1: all my separate categories for me, that was very therapeutic, 370 00:20:02,000 --> 00:20:05,320 Speaker 1: but not only that, it helped me visually to really 371 00:20:05,520 --> 00:20:09,280 Speaker 1: understand the big picture which was happening with my finances 372 00:20:09,320 --> 00:20:12,400 Speaker 1: and it's very motivating. So that's how I currently do it. 373 00:20:13,000 --> 00:20:15,040 Speaker 2: Yeah, I mean two things is double click on here. 374 00:20:15,160 --> 00:20:17,080 Speaker 2: You said the highlighter method. Do you want to talk 375 00:20:17,080 --> 00:20:18,320 Speaker 2: a little bit about what that is? 376 00:20:18,960 --> 00:20:23,600 Speaker 1: Yes, So the highlighter method is essentially assigning a different 377 00:20:23,760 --> 00:20:28,440 Speaker 1: highlighter color for every category in your budget. Okay, this 378 00:20:28,560 --> 00:20:32,119 Speaker 1: happens during the process of tracking your spending. When you 379 00:20:32,200 --> 00:20:34,720 Speaker 1: first start, a lot of people see these lists of 380 00:20:34,760 --> 00:20:36,639 Speaker 1: all this spending, they're like, what do I do with 381 00:20:36,720 --> 00:20:40,520 Speaker 1: all of this? The first thing is highlighting all the 382 00:20:40,800 --> 00:20:44,719 Speaker 1: like transactions. We're going through on how to create budget 383 00:20:44,760 --> 00:20:47,800 Speaker 1: categories in your life. We're getting to how you organize 384 00:20:47,800 --> 00:20:50,960 Speaker 1: this information. So if you start highlighting, like all your 385 00:20:51,000 --> 00:20:54,720 Speaker 1: food purchases in blue, all your clothing purchases in pink, 386 00:20:55,359 --> 00:20:58,600 Speaker 1: all your car and gas purchases in green. Once you 387 00:20:58,680 --> 00:21:01,600 Speaker 1: start doing this through your spend, all of a sudden, 388 00:21:01,640 --> 00:21:04,080 Speaker 1: you just organized all of your spending into your own 389 00:21:04,200 --> 00:21:06,280 Speaker 1: unique budget categories without even. 390 00:21:06,080 --> 00:21:07,359 Speaker 3: Knowing it right. 391 00:21:07,600 --> 00:21:10,240 Speaker 1: And then once you have that, you can really tweak 392 00:21:10,240 --> 00:21:13,320 Speaker 1: and perfect, like maybe I don't want my eating out 393 00:21:13,320 --> 00:21:15,480 Speaker 1: in my food budget, maybe I need to separate out 394 00:21:15,520 --> 00:21:18,920 Speaker 1: because that's a problem spending area for me. So you really, 395 00:21:19,000 --> 00:21:22,600 Speaker 1: it's just a way, a process, a visual process of 396 00:21:23,800 --> 00:21:26,520 Speaker 1: organizing all of this content. 397 00:21:26,720 --> 00:21:30,639 Speaker 2: Totally, and I can seriously relate with you on being 398 00:21:30,960 --> 00:21:34,840 Speaker 2: a visual person. I remember back years and years ago, 399 00:21:34,920 --> 00:21:38,840 Speaker 2: when I was going through a major weight loss, I 400 00:21:38,960 --> 00:21:41,800 Speaker 2: hung up a pair of genes that didn't fit just 401 00:21:41,960 --> 00:21:45,480 Speaker 2: yet on the back of my bathroom door, and I 402 00:21:45,520 --> 00:21:48,040 Speaker 2: would walk by them all of the time, and for me, 403 00:21:48,440 --> 00:21:52,520 Speaker 2: seeing those genes there helped me stay motivated and remember 404 00:21:52,800 --> 00:21:56,640 Speaker 2: why it was that I was getting up early. Aside from, 405 00:21:56,640 --> 00:21:59,919 Speaker 2: of course so many of the mental benefits that can 406 00:22:00,200 --> 00:22:04,240 Speaker 2: hand in hand with working out and really working on 407 00:22:04,280 --> 00:22:07,760 Speaker 2: that inner dialogue and the way that I talk to myself. 408 00:22:08,640 --> 00:22:11,119 Speaker 2: I would walk by those genes all the time and 409 00:22:11,160 --> 00:22:13,719 Speaker 2: be like, this is it, Like this is there? They 410 00:22:13,760 --> 00:22:16,360 Speaker 2: are here, I am here, I go, I can do this. 411 00:22:16,440 --> 00:22:17,080 Speaker 3: I've got this. 412 00:22:17,480 --> 00:22:20,480 Speaker 2: So many of these emotions that go hand in hand 413 00:22:20,640 --> 00:22:24,600 Speaker 2: with finances, I think we can all really relate to 414 00:22:24,640 --> 00:22:27,320 Speaker 2: definitely circulate in other areas of our lives. 415 00:22:27,440 --> 00:22:30,720 Speaker 1: Yeah, exactly. It's a constant reminder of what you are 416 00:22:30,800 --> 00:22:34,680 Speaker 1: fighting for, right And that's what the visual like the 417 00:22:34,760 --> 00:22:37,800 Speaker 1: visual trackers and the visual tools I use in my finances, 418 00:22:37,840 --> 00:22:40,800 Speaker 1: That's exactly what it is. It's a daily reminder of 419 00:22:41,880 --> 00:22:45,440 Speaker 1: I am fighting for a life with my son where 420 00:22:45,480 --> 00:22:50,359 Speaker 1: I can seize opportunities without relying on debt. That is 421 00:22:50,440 --> 00:22:50,920 Speaker 1: my why. 422 00:22:51,560 --> 00:22:54,200 Speaker 2: I was going to say, so that's like your mission statement, 423 00:22:54,359 --> 00:22:56,640 Speaker 2: Like that is why you do all of these things. 424 00:22:56,960 --> 00:23:01,639 Speaker 1: Everything I do every single day is for my child 425 00:23:02,720 --> 00:23:05,359 Speaker 1: and the life that I want to live with him. 426 00:23:05,400 --> 00:23:07,639 Speaker 1: Because you know, one of the things I talk about 427 00:23:07,640 --> 00:23:10,199 Speaker 1: in the book is kind of my financial philosophy of 428 00:23:10,280 --> 00:23:15,040 Speaker 1: truly finding this balance between living your life now while 429 00:23:15,160 --> 00:23:18,080 Speaker 1: still taking care of your your future self and your 430 00:23:18,119 --> 00:23:20,520 Speaker 1: goals that you're wanting to accomplish. Right, it's really we 431 00:23:20,600 --> 00:23:22,879 Speaker 1: get to there's a big debate out there, you know, 432 00:23:22,960 --> 00:23:25,480 Speaker 1: do you live your life now because life is short, 433 00:23:26,000 --> 00:23:28,480 Speaker 1: or do you, you know, make sure that you can 434 00:23:28,720 --> 00:23:31,760 Speaker 1: have everything you want in retirement. Right, It's not an 435 00:23:31,760 --> 00:23:35,960 Speaker 1: either or you can do both. And I am a 436 00:23:36,000 --> 00:23:38,920 Speaker 1: big believer that life is too short. I have been 437 00:23:38,960 --> 00:23:43,480 Speaker 1: blessed with one life with my child. One that's all 438 00:23:43,520 --> 00:23:47,199 Speaker 1: I get. I will never get these moments back. My 439 00:23:47,320 --> 00:23:50,399 Speaker 1: son will never be nigh again. This is my time 440 00:23:50,600 --> 00:23:54,080 Speaker 1: now to live this life that I want to with him. 441 00:23:54,520 --> 00:23:57,199 Speaker 1: This is what I'm fighting for. You know, this is 442 00:23:57,200 --> 00:24:01,040 Speaker 1: the emotional connection that you you need to find with 443 00:24:01,080 --> 00:24:04,879 Speaker 1: your purpose to really create that motivation and self discipline 444 00:24:05,040 --> 00:24:06,160 Speaker 1: in your life to get there. 445 00:24:11,560 --> 00:24:14,120 Speaker 2: Taking a break from today's episode to talk to you 446 00:24:14,240 --> 00:24:18,800 Speaker 2: about my sponsor at Gooder Now It's a special time 447 00:24:19,000 --> 00:24:24,360 Speaker 2: for Gooder because they recently released a brand new style 448 00:24:24,520 --> 00:24:29,800 Speaker 2: and it is perfect for all of your winter seasonal adventures. 449 00:24:30,200 --> 00:24:35,160 Speaker 2: No slip, no fog, all conditions, all fun. 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That's good r 470 00:25:38,800 --> 00:25:42,800 Speaker 2: dot com slash hurdle to get free shipping of note. 471 00:25:42,920 --> 00:25:46,680 Speaker 2: Gooder also offers a thirty day money back guarantee and one. 472 00:25:46,600 --> 00:25:48,440 Speaker 3: Hundred percent satisfaction. 473 00:25:48,560 --> 00:25:51,600 Speaker 2: Again, that is Gooder dot com slash hurdle to get 474 00:25:51,600 --> 00:25:59,680 Speaker 2: free shipping on your order today. Do you have any 475 00:25:59,720 --> 00:26:03,239 Speaker 2: advice or recommendations for someone who wants to work on 476 00:26:03,359 --> 00:26:05,920 Speaker 2: creating their own personal financial statement? 477 00:26:06,520 --> 00:26:11,240 Speaker 1: Absolutely make sure that it's something that you can visualize. Okay, 478 00:26:11,320 --> 00:26:13,800 Speaker 1: so this is something where you need to attach a picture. 479 00:26:14,359 --> 00:26:18,040 Speaker 1: I think it's really a lot easier when we can 480 00:26:18,119 --> 00:26:21,600 Speaker 1: visualize where we are trying to go assign a picture 481 00:26:21,640 --> 00:26:24,440 Speaker 1: to that we can we can hear it, we can 482 00:26:24,560 --> 00:26:27,920 Speaker 1: feel it, we can see it. Right, It's all encompassing. 483 00:26:28,560 --> 00:26:32,480 Speaker 1: The next thing is really asking yourself to make it specific. 484 00:26:33,560 --> 00:26:37,000 Speaker 1: So when I first started my journey, my why was 485 00:26:37,040 --> 00:26:40,400 Speaker 1: to pay off debt. Well, then I had to ask 486 00:26:40,440 --> 00:26:44,440 Speaker 1: myself why do I want to pay off debt? And 487 00:26:44,440 --> 00:26:47,359 Speaker 1: that not only that, I had to ask myself, Okay, 488 00:26:47,359 --> 00:26:49,960 Speaker 1: if I pay off my debt, what does this mean 489 00:26:50,040 --> 00:26:52,440 Speaker 1: for me? Here? Am I? What am I truly trying 490 00:26:52,480 --> 00:26:56,720 Speaker 1: to get at so I had to ask well, why, well, 491 00:26:56,760 --> 00:26:59,320 Speaker 1: why over and over and over again till I kind 492 00:26:59,320 --> 00:27:02,040 Speaker 1: of hone down And this really is specific, like the 493 00:27:02,200 --> 00:27:05,159 Speaker 1: deep route of why. I was trying to accomplish what 494 00:27:05,240 --> 00:27:10,600 Speaker 1: I wanted right and so over time, over years, my purpose, 495 00:27:10,680 --> 00:27:14,800 Speaker 1: this mission statement kind of changed and evolved into something 496 00:27:14,840 --> 00:27:20,480 Speaker 1: a lot bigger than myself. Your mission statement, your when 497 00:27:20,520 --> 00:27:24,359 Speaker 1: I call it, your why, should be something that is 498 00:27:24,480 --> 00:27:28,880 Speaker 1: so important to you you get emotional speaking about it. 499 00:27:29,760 --> 00:27:31,760 Speaker 1: I know a lot of people are afraid to bring 500 00:27:31,800 --> 00:27:35,399 Speaker 1: emotions into finances because they believe that ultimately it can 501 00:27:35,480 --> 00:27:37,639 Speaker 1: hurt you rather than help you. But that's only if 502 00:27:37,680 --> 00:27:43,440 Speaker 1: your emotions control you. What happens when we can control 503 00:27:43,560 --> 00:27:47,520 Speaker 1: our emotions and use them to our advantage. I cannot 504 00:27:47,600 --> 00:27:52,119 Speaker 1: tell you how powerful it is to feel something so 505 00:27:52,520 --> 00:27:56,320 Speaker 1: deeply for wanting a change in your life and fighting 506 00:27:56,359 --> 00:27:59,640 Speaker 1: for something that's so much bigger than yourself. How powerful 507 00:28:00,119 --> 00:28:04,280 Speaker 1: that is. And so it needs to be visual, it 508 00:28:04,359 --> 00:28:07,440 Speaker 1: needs to be specific, and you need to keep asking 509 00:28:07,480 --> 00:28:12,080 Speaker 1: the question, well, why well, why don't just start and 510 00:28:12,200 --> 00:28:16,400 Speaker 1: keep at that surface level goal? Because your mission statement 511 00:28:16,440 --> 00:28:19,800 Speaker 1: is not a goal. This is not a goal, Okay, 512 00:28:20,119 --> 00:28:25,520 Speaker 1: it's more of a state of living, a state of being. 513 00:28:25,840 --> 00:28:29,280 Speaker 1: It's something deeper, something bigger, and so there is no 514 00:28:29,680 --> 00:28:32,280 Speaker 1: there's like no finish line. Like a goal has a 515 00:28:32,280 --> 00:28:34,600 Speaker 1: finish line. Once you reach it, you hit that goal, right, 516 00:28:35,160 --> 00:28:37,640 Speaker 1: not with your why, not with your mission statement. It's 517 00:28:37,640 --> 00:28:41,240 Speaker 1: something that lives on forever. It's something that you're constantly 518 00:28:41,440 --> 00:28:44,280 Speaker 1: trying to work and be better at and fight for. 519 00:28:44,920 --> 00:28:48,040 Speaker 1: And that's why in the end of the book, I 520 00:28:48,160 --> 00:28:50,920 Speaker 1: talk about how there is no finish line with our 521 00:28:50,960 --> 00:28:56,200 Speaker 1: finances at the end of twenty twenty two. Right, It's 522 00:28:56,240 --> 00:28:58,840 Speaker 1: not like you're finally going to get there and be like, oh, 523 00:28:58,880 --> 00:29:02,840 Speaker 1: I'm done, I made it. It's finally over now all 524 00:29:02,880 --> 00:29:04,960 Speaker 1: my dreams come true. I'm sorry, but that's not how 525 00:29:05,000 --> 00:29:07,600 Speaker 1: it works. If money is in your life, if you 526 00:29:07,640 --> 00:29:09,800 Speaker 1: are getting it, if you are spending it, if you 527 00:29:09,840 --> 00:29:13,560 Speaker 1: are managing it, there is no finish line here. It's 528 00:29:13,680 --> 00:29:18,360 Speaker 1: all about growing and motivating and tweaking. And like I said, 529 00:29:18,440 --> 00:29:22,720 Speaker 1: this is a transformation, a self discovery of transformation that 530 00:29:23,200 --> 00:29:24,560 Speaker 1: transforms the rest. 531 00:29:24,320 --> 00:29:27,280 Speaker 3: Of our lives. I am hyped right now. 532 00:29:27,320 --> 00:29:30,880 Speaker 2: I just mentally drafted up the email where I follow 533 00:29:31,000 --> 00:29:32,840 Speaker 2: up with you and your team after we get off 534 00:29:32,920 --> 00:29:35,040 Speaker 2: of this and think about like how we should be 535 00:29:35,080 --> 00:29:37,440 Speaker 2: doing this every other month, and like what we need. 536 00:29:37,320 --> 00:29:38,040 Speaker 3: To focus on. 537 00:29:38,440 --> 00:29:41,920 Speaker 2: And I'm just I am lit because it's so right, 538 00:29:41,960 --> 00:29:45,360 Speaker 2: and I mean, your passion is so clear and so 539 00:29:45,520 --> 00:29:50,719 Speaker 2: vibrant and so wonderful, and it's so exciting to speak 540 00:29:50,760 --> 00:29:55,280 Speaker 2: with someone who truly feels as though they are acting 541 00:29:55,520 --> 00:30:00,320 Speaker 2: in purpose on purpose, and to hear you speak about 542 00:30:00,360 --> 00:30:04,760 Speaker 2: the evolution of defining your why. That is truly something 543 00:30:04,800 --> 00:30:07,240 Speaker 2: that so many people that are listening to this right 544 00:30:07,280 --> 00:30:11,280 Speaker 2: now can really really relate to. And it's really special. 545 00:30:11,480 --> 00:30:14,360 Speaker 1: It's unfortunate because oftentimes it's a step that a lot 546 00:30:14,360 --> 00:30:17,680 Speaker 1: of people skip right a lot. I mean, we go, 547 00:30:17,800 --> 00:30:20,160 Speaker 1: we dive, we start diving right into the numbers, right, 548 00:30:20,200 --> 00:30:22,480 Speaker 1: we start diving into the spreadsheets, writing numbers down on 549 00:30:22,480 --> 00:30:24,240 Speaker 1: a piece of paper, of trying to figure out our budgets, 550 00:30:24,280 --> 00:30:28,360 Speaker 1: and we skip the most important step, and that is 551 00:30:28,400 --> 00:30:32,080 Speaker 1: truly discovering your purpose. And that is what's going to 552 00:30:32,120 --> 00:30:34,120 Speaker 1: motivate you, which is then going to lead to the 553 00:30:34,160 --> 00:30:36,840 Speaker 1: self discipline you need to get where you want to go. 554 00:30:37,400 --> 00:30:39,880 Speaker 2: Well, it's also you know, whenever you set a new 555 00:30:39,920 --> 00:30:41,560 Speaker 2: goal or say that you want to do something if 556 00:30:41,600 --> 00:30:44,240 Speaker 2: you don't take that inventory to ask yourself, like, why 557 00:30:44,400 --> 00:30:48,560 Speaker 2: is this specific thing important to me? Because in today's 558 00:30:48,600 --> 00:30:51,640 Speaker 2: society where it is so easy to pick up your 559 00:30:51,640 --> 00:30:54,400 Speaker 2: phone and scroll and within second see someone that's doing 560 00:30:54,440 --> 00:30:56,320 Speaker 2: something that looks really cool, and then all of a 561 00:30:56,360 --> 00:30:58,280 Speaker 2: sudden you're like, maybe I should be doing this cool thing. 562 00:30:58,280 --> 00:31:00,320 Speaker 2: And then you start looking into how you should be 563 00:31:00,360 --> 00:31:04,240 Speaker 2: doing this cool thing without stopping and taking a pose 564 00:31:04,360 --> 00:31:04,800 Speaker 2: check and. 565 00:31:04,760 --> 00:31:08,720 Speaker 3: Being like is this something I truly want? Or do 566 00:31:08,800 --> 00:31:11,160 Speaker 3: I just want it because it looks flashy and shiny 567 00:31:11,200 --> 00:31:11,920 Speaker 3: on Instagram? 568 00:31:12,240 --> 00:31:15,920 Speaker 1: Exactly? You know, That's the thing. Until you can create 569 00:31:15,960 --> 00:31:20,840 Speaker 1: a plan written by you for you, you will always depend 570 00:31:20,960 --> 00:31:24,400 Speaker 1: on someone else to define value and success in your life. 571 00:31:24,640 --> 00:31:27,080 Speaker 1: And what that leads to, Oh my gosh, it's a 572 00:31:27,080 --> 00:31:29,719 Speaker 1: big black hole. You know, you are self comparison. You 573 00:31:29,760 --> 00:31:34,920 Speaker 1: are doubting yourself. Do I really want this? You know, 574 00:31:35,080 --> 00:31:38,520 Speaker 1: like you said, like is this really what I truly want? 575 00:31:39,320 --> 00:31:44,280 Speaker 1: And what I found? For financial fulfillment, there are three 576 00:31:44,320 --> 00:31:54,240 Speaker 1: things pivotal things, clarity, stability, and confidence. If you can 577 00:31:54,320 --> 00:31:59,200 Speaker 1: find those three three things in your life, honestly, I 578 00:31:59,280 --> 00:32:03,880 Speaker 1: truly believe you can find financial fulfillment, and once that happens, 579 00:32:05,040 --> 00:32:09,040 Speaker 1: it won't matter what anyone else is doing because you 580 00:32:09,160 --> 00:32:14,280 Speaker 1: have defined success and value for yourself, and all of 581 00:32:14,320 --> 00:32:17,920 Speaker 1: a sudden, when you look around, you're like, well, dang, 582 00:32:17,960 --> 00:32:20,920 Speaker 1: I'm not saving that much money, or I'm not paying 583 00:32:20,920 --> 00:32:23,440 Speaker 1: off that much debt. I'm never gonna get there. I 584 00:32:23,480 --> 00:32:25,560 Speaker 1: don't make as much as them. All of a sudden, 585 00:32:25,640 --> 00:32:29,760 Speaker 1: it won't matter because you have defined success for yourself. 586 00:32:30,960 --> 00:32:33,280 Speaker 1: And I think that's it's really easy. You know, when 587 00:32:33,320 --> 00:32:36,560 Speaker 1: I first started this journey, it's really easy to get 588 00:32:36,560 --> 00:32:40,320 Speaker 1: online when you're desperately searching for change, to rely on 589 00:32:40,360 --> 00:32:44,440 Speaker 1: someone else's method and steps and what they're trying to 590 00:32:44,480 --> 00:32:46,840 Speaker 1: accomplish and what they say is important for you to 591 00:32:46,880 --> 00:32:49,880 Speaker 1: accomplish in your life with your finances because we don't 592 00:32:49,920 --> 00:32:53,280 Speaker 1: really know that next step. We're not really sure what 593 00:32:53,320 --> 00:32:57,200 Speaker 1: we're supposed to want, right, I'm not really sure what 594 00:32:57,240 --> 00:32:59,840 Speaker 1: that next step is that we need to take. But 595 00:33:00,360 --> 00:33:02,480 Speaker 1: I'm telling you, once you go through this book and 596 00:33:02,520 --> 00:33:04,560 Speaker 1: you work through those steps and you go to the 597 00:33:04,640 --> 00:33:07,360 Speaker 1: you know and find these three things of financial fulfillment, 598 00:33:08,040 --> 00:33:13,040 Speaker 1: you'll know. And I think that's really what makes financial 599 00:33:13,120 --> 00:33:19,000 Speaker 1: fulfillment so different is this confidence knowing in our heart 600 00:33:19,080 --> 00:33:23,400 Speaker 1: and our gut as individuals that our goals and values 601 00:33:23,640 --> 00:33:28,760 Speaker 1: are unique. And that's okay, that's what it's supposed to be. 602 00:33:28,800 --> 00:33:30,080 Speaker 1: You know, when I came out and said I was 603 00:33:30,120 --> 00:33:32,880 Speaker 1: going to buy my house with cash, I was called 604 00:33:32,920 --> 00:33:36,760 Speaker 1: every name under the book, dumb, idiot. I shouldn't be 605 00:33:36,800 --> 00:33:39,680 Speaker 1: a money expert because I'm giving horrible advice. I should 606 00:33:39,680 --> 00:33:42,800 Speaker 1: be investing the money instead, I'm losing out all this 607 00:33:42,960 --> 00:33:48,360 Speaker 1: compound interest. But you know what, it didn't matter because 608 00:33:48,440 --> 00:33:52,040 Speaker 1: I knew in my heart I was making the best 609 00:33:52,080 --> 00:33:55,000 Speaker 1: financial decision for me and my family and my unique 610 00:33:55,040 --> 00:33:58,240 Speaker 1: goals and what I was trying to accomplish with my life. 611 00:33:58,280 --> 00:34:02,440 Speaker 1: Sometimes it it doesn't matter if it makes number sense, 612 00:34:03,080 --> 00:34:06,560 Speaker 1: you know what I mean. Sometimes it comes down to 613 00:34:07,360 --> 00:34:10,719 Speaker 1: peace of mind, and that's something we can't put a 614 00:34:10,840 --> 00:34:14,279 Speaker 1: value on. And that's what I was really fighting with 615 00:34:14,320 --> 00:34:17,080 Speaker 1: my journey. And so you know, my money, my way 616 00:34:17,360 --> 00:34:21,400 Speaker 1: is giving yourself permission to say, you know what my wants, 617 00:34:21,520 --> 00:34:24,480 Speaker 1: values and goals are unique to me, and that's okay, 618 00:34:25,000 --> 00:34:27,160 Speaker 1: And I'm going to fight like heck to get there. 619 00:34:27,640 --> 00:34:29,359 Speaker 3: I'm gonna fight like heck to get there. 620 00:34:29,480 --> 00:34:32,840 Speaker 2: You said a buzzword that I want to touch on 621 00:34:33,080 --> 00:34:36,239 Speaker 2: before I let you go today, and that buzzword is stability. 622 00:34:36,680 --> 00:34:39,400 Speaker 2: For many people who are you know, they're in this 623 00:34:39,600 --> 00:34:43,480 Speaker 2: work now, they've recognized that they are willing to make 624 00:34:43,520 --> 00:34:46,000 Speaker 2: a change. Maybe they're at the point where they've already 625 00:34:46,120 --> 00:34:49,280 Speaker 2: articulated their why. They've got the sheets, they've got the highlighters, 626 00:34:49,320 --> 00:34:51,360 Speaker 2: they're making progress on their journey. 627 00:34:51,920 --> 00:34:53,600 Speaker 3: They want to think about stability. 628 00:34:54,080 --> 00:34:59,000 Speaker 2: What do you tell these people in terms of either 629 00:34:59,200 --> 00:35:03,040 Speaker 2: I would say a budgeting tip or thinking long term 630 00:35:03,120 --> 00:35:05,680 Speaker 2: about how they can find a little bit of that 631 00:35:06,160 --> 00:35:09,040 Speaker 2: stability when things do feel a little bit hectic. 632 00:35:09,760 --> 00:35:14,320 Speaker 1: Absolutely, stability lives outside of just your emergency fund. Okay, 633 00:35:14,400 --> 00:35:16,200 Speaker 1: I'm going to say that right now. I know a 634 00:35:16,200 --> 00:35:20,000 Speaker 1: lot of financial experts say your emergency funds all you need, 635 00:35:20,080 --> 00:35:24,480 Speaker 1: because unexpected things happen, an emergency fund is not enough. 636 00:35:24,560 --> 00:35:26,560 Speaker 1: And the reason I say that is because it's only 637 00:35:26,600 --> 00:35:27,280 Speaker 1: one option. 638 00:35:28,040 --> 00:35:28,279 Speaker 3: Right. 639 00:35:28,520 --> 00:35:33,920 Speaker 1: What brings stability to our lives? Options? And so I 640 00:35:34,080 --> 00:35:35,880 Speaker 1: teach people in the book, and I've been teaching it 641 00:35:35,920 --> 00:35:39,040 Speaker 1: for years, what are some ways that we can create 642 00:35:39,120 --> 00:35:42,040 Speaker 1: some other options in our lives to take care of 643 00:35:42,360 --> 00:35:46,279 Speaker 1: expenses or maybe unplanned or unexpected expenses that pop up, 644 00:35:46,280 --> 00:35:49,480 Speaker 1: because really, that's what gives us the anxiety, right when 645 00:35:49,520 --> 00:35:52,320 Speaker 1: we can't pay for things, or maybe we lose some income, 646 00:35:52,400 --> 00:35:56,440 Speaker 1: maybe a spouse loses their job. It's it's how do 647 00:35:56,520 --> 00:36:00,200 Speaker 1: we create options without being backed into our corner to 648 00:36:00,280 --> 00:36:03,080 Speaker 1: only use debt or emergency fund to pay for things. 649 00:36:03,800 --> 00:36:07,920 Speaker 1: It's like creating a miscellaneous category in your budget. This 650 00:36:08,040 --> 00:36:11,799 Speaker 1: is what I use for unplanned unexpected expenses between my 651 00:36:11,880 --> 00:36:18,320 Speaker 1: pay periods. Why because sometimes in life, unplanned unexpected expenses 652 00:36:18,360 --> 00:36:21,759 Speaker 1: pop up that don't fit into the category of using 653 00:36:21,800 --> 00:36:24,880 Speaker 1: our emergency fund. Right, your emergency fund should be for 654 00:36:24,960 --> 00:36:28,359 Speaker 1: true emergencies. But that's not real life. Those aren't the 655 00:36:28,360 --> 00:36:31,080 Speaker 1: only expenses that pop up. Let's be real. You know, 656 00:36:31,120 --> 00:36:33,520 Speaker 1: a girlfriend calls and says, hey, Miko, I'm in town. 657 00:36:34,160 --> 00:36:35,840 Speaker 1: I haven't seen you in a year. I'd love to 658 00:36:35,840 --> 00:36:39,160 Speaker 1: see you. Or it's your child coming to you saying Mom, 659 00:36:39,480 --> 00:36:41,360 Speaker 1: I forgot to tell you that I have this birthday 660 00:36:41,400 --> 00:36:44,719 Speaker 1: party tomorrow, or it's your mom saying I'm gonna be 661 00:36:44,719 --> 00:36:47,120 Speaker 1: in town, I'd love to get together with you all. 662 00:36:47,000 --> 00:36:50,719 Speaker 3: These or an injury right right right, or. 663 00:36:50,719 --> 00:36:55,399 Speaker 1: Exactly you know, like real life people, okay, and that 664 00:36:55,440 --> 00:36:58,600 Speaker 1: lives outside of just our emergency funds. And then so 665 00:36:58,760 --> 00:37:03,360 Speaker 1: my miscellaneous envelope cash envelope. The category of my budget 666 00:37:03,400 --> 00:37:06,800 Speaker 1: is an option I created for myself my checking account 667 00:37:06,840 --> 00:37:10,840 Speaker 1: cushion as an all cash spender. I realize that sometimes 668 00:37:10,840 --> 00:37:14,360 Speaker 1: I'm going to do online shopping. Hm, I realized that 669 00:37:14,440 --> 00:37:18,000 Speaker 1: sometimes a bill might be bigger than what I expected 670 00:37:18,040 --> 00:37:21,440 Speaker 1: it to be, right, So having that cushion in there 671 00:37:21,520 --> 00:37:23,319 Speaker 1: gives me peace of mind knowing I don't have to 672 00:37:23,320 --> 00:37:27,239 Speaker 1: worry about overdraft fees, and I have a little bit 673 00:37:27,320 --> 00:37:32,000 Speaker 1: of a backup cushion to possibly use maybe in an 674 00:37:32,120 --> 00:37:35,560 Speaker 1: instant or scenario that pops up in my life. This 675 00:37:35,719 --> 00:37:39,319 Speaker 1: is about ultimately giving ourselves a little bit of wiggle room, 676 00:37:39,320 --> 00:37:42,560 Speaker 1: because I do realize there are times where we are 677 00:37:42,560 --> 00:37:46,040 Speaker 1: living on really strict budgets. Right A lot of people 678 00:37:46,120 --> 00:37:49,600 Speaker 1: are living paycheck to paycheck. So it's looking at our 679 00:37:49,920 --> 00:37:52,480 Speaker 1: spending and our budget and figuring out, Okay, where do 680 00:37:52,680 --> 00:37:54,959 Speaker 1: where do I have a little bit of wiggle room 681 00:37:55,160 --> 00:37:59,520 Speaker 1: where I could create possibly some more options, like sinking funds, 682 00:37:59,640 --> 00:38:02,800 Speaker 1: saving for a holiday or event. You are constantly pressured 683 00:38:02,840 --> 00:38:06,520 Speaker 1: to use a credit card there's so many little options 684 00:38:06,520 --> 00:38:08,799 Speaker 1: that we could create to give us options which then 685 00:38:08,920 --> 00:38:12,880 Speaker 1: lead to a little bit more stability, taking care and 686 00:38:12,960 --> 00:38:14,719 Speaker 1: being prepared for the unknown. 687 00:38:16,120 --> 00:38:16,400 Speaker 3: Yeah. 688 00:38:16,600 --> 00:38:18,680 Speaker 2: Yeah, And I mean I feel like I learned a 689 00:38:18,680 --> 00:38:22,880 Speaker 2: lot about that, especially when I went out and started 690 00:38:23,080 --> 00:38:26,239 Speaker 2: being a contractor or freelancer, being my own boss all 691 00:38:26,280 --> 00:38:29,360 Speaker 2: the time. One of the biggest, most frequent questions that 692 00:38:29,480 --> 00:38:32,640 Speaker 2: I get from other individuals who are interested in being 693 00:38:32,640 --> 00:38:35,439 Speaker 2: an entrepreneur and going out on their own is were 694 00:38:35,480 --> 00:38:38,520 Speaker 2: you anxious about the lack of stability? And the answer 695 00:38:38,560 --> 00:38:42,160 Speaker 2: to that question is, of course yes. But when you're 696 00:38:42,200 --> 00:38:45,120 Speaker 2: going out and being an entrepreneur and trying to find 697 00:38:45,160 --> 00:38:47,840 Speaker 2: all these new opportunities, is up to you to figure 698 00:38:47,880 --> 00:38:51,160 Speaker 2: out what that new version of stability looks like. Because 699 00:38:51,160 --> 00:38:54,960 Speaker 2: stability for Emily when she worked at Conde Nast and 700 00:38:55,120 --> 00:38:57,239 Speaker 2: someone else was giving her a paycheck every other week 701 00:38:57,440 --> 00:38:59,920 Speaker 2: was just that it was the paycheck every other week. Now, 702 00:39:00,480 --> 00:39:04,759 Speaker 2: my stability threshold, or my view on stability, it's a 703 00:39:04,800 --> 00:39:06,600 Speaker 2: little bit different. But I do have things that I 704 00:39:06,640 --> 00:39:08,799 Speaker 2: have since put in place since going on on my 705 00:39:08,880 --> 00:39:11,920 Speaker 2: own that make me know, hey, you're gonna be okay 706 00:39:12,040 --> 00:39:14,319 Speaker 2: no matter what's going on here, no matter if our 707 00:39:14,320 --> 00:39:16,840 Speaker 2: relationship shifts off us sponsor doesn't want to be on 708 00:39:16,880 --> 00:39:19,840 Speaker 2: the show anymore, whatever happens here. You have done so 709 00:39:19,960 --> 00:39:22,799 Speaker 2: many things X Y Z whatever to set yourself to 710 00:39:22,800 --> 00:39:25,759 Speaker 2: be okay, for I would love to actually to hear 711 00:39:25,800 --> 00:39:28,359 Speaker 2: your advice, perhaps for anyone who may be interested in 712 00:39:28,400 --> 00:39:29,720 Speaker 2: making a similar shift. 713 00:39:30,120 --> 00:39:34,080 Speaker 1: Yeah. Absolutely, you know, I will be very honest. Leaving 714 00:39:34,160 --> 00:39:37,280 Speaker 1: my full time job where I spent the last seven 715 00:39:37,400 --> 00:39:41,359 Speaker 1: years studying and getting designations and getting accreditations and all 716 00:39:41,400 --> 00:39:44,680 Speaker 1: these things. Leaving all that behind and working for myself 717 00:39:44,840 --> 00:39:47,239 Speaker 1: was the scariest thing I have ever done. I am 718 00:39:47,280 --> 00:39:50,000 Speaker 1: not going to lie. It took me a year and 719 00:39:50,000 --> 00:39:53,680 Speaker 1: a half to finally pull the plug and actually go 720 00:39:53,719 --> 00:39:58,920 Speaker 1: ahead and go through with it, because it's planning, right, oh, planning. Absolutely. 721 00:39:59,120 --> 00:40:02,400 Speaker 1: There was a year where I had to for me 722 00:40:02,960 --> 00:40:07,440 Speaker 1: that stability meant savings, okay. I wanted to have a 723 00:40:07,640 --> 00:40:11,239 Speaker 1: significant amount saved, because, like you said, when you are 724 00:40:11,280 --> 00:40:15,640 Speaker 1: an entrepreneur, your income is not guaranteed. Okay, It's not 725 00:40:15,680 --> 00:40:17,680 Speaker 1: like working at eight to five where you are guaranteed 726 00:40:17,680 --> 00:40:20,160 Speaker 1: a W two paycheck. And that's what, like you said, 727 00:40:20,200 --> 00:40:24,600 Speaker 1: gives us that stability. So for me, like you said, 728 00:40:24,600 --> 00:40:27,160 Speaker 1: I had to shift that and my stability meant now 729 00:40:27,200 --> 00:40:32,240 Speaker 1: having a savings plan in place in case my business 730 00:40:32,280 --> 00:40:37,839 Speaker 1: didn't make money. And still to this day that you know, 731 00:40:38,520 --> 00:40:43,360 Speaker 1: varying income in entrepreneurship is still very real and very scary. 732 00:40:44,040 --> 00:40:46,839 Speaker 1: But I think I think that because you know, I'm 733 00:40:46,880 --> 00:40:48,640 Speaker 1: not gonna lie. There are some days where I'm like, 734 00:40:49,719 --> 00:40:53,480 Speaker 1: what if my business just no longer exists? I think 735 00:40:53,520 --> 00:40:57,200 Speaker 1: about that all the time, right because my business now 736 00:40:57,280 --> 00:40:59,480 Speaker 1: is not just taking care of me, it's taking care 737 00:40:59,520 --> 00:41:03,920 Speaker 1: of my care hiddo, And that is what's scary. And 738 00:41:03,960 --> 00:41:08,160 Speaker 1: so I think that one is planning, making sure that 739 00:41:08,239 --> 00:41:11,640 Speaker 1: you have a plan in place to maybe take care 740 00:41:11,680 --> 00:41:15,360 Speaker 1: of some of that fluctuation that you're seeing with income, 741 00:41:16,120 --> 00:41:19,640 Speaker 1: but not only that. I had to have a very 742 00:41:19,680 --> 00:41:23,400 Speaker 1: specific business plan in place before I felt comfortable leaving 743 00:41:23,440 --> 00:41:27,000 Speaker 1: my job. And what that looked like was, you know, 744 00:41:27,600 --> 00:41:34,160 Speaker 1: understanding my business spending because it is very for me. 745 00:41:34,320 --> 00:41:35,920 Speaker 1: I felt like it was a little bit different than 746 00:41:35,960 --> 00:41:40,279 Speaker 1: my personal spending. And so it was learning kind of 747 00:41:40,719 --> 00:41:45,319 Speaker 1: how to tackle business finances from the very beginning, kind 748 00:41:45,360 --> 00:41:48,640 Speaker 1: of like relearning. And so I spent a year building 749 00:41:48,640 --> 00:41:51,920 Speaker 1: this business plan like, these are the expenses I'm willing 750 00:41:51,960 --> 00:41:55,120 Speaker 1: to accept with the business. This is where our income 751 00:41:55,239 --> 00:41:57,840 Speaker 1: is coming from. Okay, this is where I'm going to 752 00:41:57,920 --> 00:41:59,880 Speaker 1: throw this income. Like I had to have like all 753 00:41:59,880 --> 00:42:03,360 Speaker 1: these buckets, savings, buckets of like hey, this is for 754 00:42:03,440 --> 00:42:06,960 Speaker 1: product production, this is for you know, marketing, this is 755 00:42:07,000 --> 00:42:09,399 Speaker 1: for I kind of had to learn all this as 756 00:42:09,440 --> 00:42:11,719 Speaker 1: I went along. So I think that my number one 757 00:42:11,760 --> 00:42:16,279 Speaker 1: tip is first to figure out what's happening with your 758 00:42:16,280 --> 00:42:19,280 Speaker 1: business as far as income and expenses, but then figure 759 00:42:19,320 --> 00:42:24,560 Speaker 1: out really what's realistic when it comes to leaving your 760 00:42:24,600 --> 00:42:27,799 Speaker 1: full time job and working for yourself as far as 761 00:42:27,920 --> 00:42:31,120 Speaker 1: creating that stability in your life. I have a lot 762 00:42:31,200 --> 00:42:33,759 Speaker 1: of people who jump the gun and they go out 763 00:42:33,800 --> 00:42:36,360 Speaker 1: and work for themselves and they realize, well, my business 764 00:42:36,400 --> 00:42:40,520 Speaker 1: just isn't making enough, right, So it's kind of giving 765 00:42:40,560 --> 00:42:44,960 Speaker 1: yourself time to realistically assess that jump. 766 00:42:45,640 --> 00:42:48,520 Speaker 2: Yeah, really thinking about it before just going on on 767 00:42:48,560 --> 00:42:50,919 Speaker 2: a whim. I feel like, you know, there's so many 768 00:42:50,960 --> 00:42:53,480 Speaker 2: people you will hear that say something like. 769 00:42:53,520 --> 00:42:55,719 Speaker 3: Just trust your gun, like it'll be fine, and like. 770 00:42:55,920 --> 00:42:58,480 Speaker 2: I do feel as though, like when you're literally between 771 00:42:58,480 --> 00:43:00,560 Speaker 2: a rock and a hard place, like more often than 772 00:43:00,600 --> 00:43:02,680 Speaker 2: not you're going to figure out how to make it fine, 773 00:43:02,760 --> 00:43:07,360 Speaker 2: but from an emotional POV, from like an anxiety POV. 774 00:43:08,000 --> 00:43:10,560 Speaker 2: I believe and I was just like you that if 775 00:43:10,600 --> 00:43:13,520 Speaker 2: you put a certain amount of things in place and 776 00:43:13,600 --> 00:43:16,399 Speaker 2: really think about where it is that you're going again, 777 00:43:16,480 --> 00:43:20,120 Speaker 2: going back to that, why then that is the way 778 00:43:20,120 --> 00:43:22,960 Speaker 2: to set yourself up for success when it comes to 779 00:43:23,200 --> 00:43:26,040 Speaker 2: perhaps taking that step and going out and going out 780 00:43:26,080 --> 00:43:26,520 Speaker 2: on your own. 781 00:43:26,560 --> 00:43:28,399 Speaker 3: Wow, so much good stuff within here. 782 00:43:28,400 --> 00:43:30,080 Speaker 2: I literally feel like I could just like talk to 783 00:43:30,080 --> 00:43:32,720 Speaker 2: you for another hour and again this email is already 784 00:43:32,719 --> 00:43:35,400 Speaker 2: mentally drafted in my mind, so stay tuned for that. 785 00:43:35,640 --> 00:43:39,080 Speaker 2: But so amped about all these tips, so excited to 786 00:43:39,280 --> 00:43:41,880 Speaker 2: just connect with you and hear about your passions and 787 00:43:41,920 --> 00:43:44,759 Speaker 2: everything that you've got going on. Why don't you fill 788 00:43:44,840 --> 00:43:47,120 Speaker 2: us in one last time here? How do the hurtlers 789 00:43:47,120 --> 00:43:49,640 Speaker 2: follow along with you? How do they keep up with you? 790 00:43:49,960 --> 00:43:51,320 Speaker 2: Give me all of your details? 791 00:43:51,640 --> 00:43:54,719 Speaker 1: Yes? So you can find me every day over on Instagram. 792 00:43:54,760 --> 00:43:57,080 Speaker 1: This is where I share my real numbers, my real 793 00:43:57,160 --> 00:44:00,640 Speaker 1: journey at the budget Moll on Instagram. You can also 794 00:44:00,719 --> 00:44:03,839 Speaker 1: follow us on YouTube, where we have a ton of 795 00:44:04,000 --> 00:44:08,239 Speaker 1: just in depth video tutorials on walking through my philosophy, 796 00:44:08,360 --> 00:44:11,520 Speaker 1: my budget by paycheck method, creating a plan of attack 797 00:44:11,640 --> 00:44:14,680 Speaker 1: for your debt, your savings and investing goals. And then 798 00:44:14,840 --> 00:44:18,640 Speaker 1: also you can order my new book, My Money, My Way, 799 00:44:18,680 --> 00:44:21,480 Speaker 1: taking back control of your financial life at the budget 800 00:44:21,480 --> 00:44:24,279 Speaker 1: moom dot com forward slash My Money. 801 00:44:24,000 --> 00:44:25,839 Speaker 3: My Way. We love it. 802 00:44:26,080 --> 00:44:29,640 Speaker 2: I am over at Hurdle Podcasts and at Emilybody Another 803 00:44:29,719 --> 00:44:30,840 Speaker 2: hurdle conquered. 804 00:44:31,120 --> 00:44:32,160 Speaker 3: Catch you guys next time.