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Speaker 1: Welcome to How the Money. I'm Joel and I am Matt.

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Speaker 1: Today we're talking why you need a money coach in

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Speaker 1: your corner with Erica Young. So our guest today, Erica

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Speaker 1: Young is the financial coach that she never had. As

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Speaker 1: a newlywood couple, Erica and her husband they discovered that

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Speaker 1: it's actually pretty easy to become just like the average

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Speaker 1: US household that now has over dollars in debt. It's

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Speaker 1: the norm, honestly, and if you don't have a plan

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Speaker 1: to avoid debt, you're gonna likely find yourself falling into

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Speaker 1: that trap. But that is not the path that Erica

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Speaker 1: continued along with. She was determined to change her family

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Speaker 1: tree and now she helps others who are seeking financial

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Speaker 1: freedom in their lives. Eric started her company, Taylor Made Budgets,

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Speaker 1: where she creates custom plans for her clients that give

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Speaker 1: them the tools and the knowledge to cut their stress

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Speaker 1: levels by increasing their savings and decreasing their debt. That

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Speaker 1: is what we're talking about today. Erica, thank you so

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Speaker 1: much for joining us today on the podcast. Thank you

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Speaker 1: for having me. It's a pleasure to be here. Erica.

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Speaker 1: We're glad to have you. And the first question we

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Speaker 1: ask everybody who comes on the show, is what they

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Speaker 1: like to support John, because that kind of tells us

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Speaker 1: something about the guest pretty quickly. Matt and I we

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Speaker 1: like to support John Beer. Everybody knows that. But what

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Speaker 1: is it that you like to support John in the

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Speaker 1: here and now while you're being smart with your money,

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Speaker 1: you're saving and investing still for your future. Yeah. Well,

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Speaker 1: I love vacations, and I don't just like a little getaway.

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Speaker 1: I mean those are fine, Those are fine, but I

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Speaker 1: like to spend good money on great food and beautiful

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Speaker 1: like a villa. I typically we'll go in with some friends,

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Speaker 1: do a couple's trip, and we do the biggest and

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Speaker 1: best that we can, honestly, right. Yeah, Like, so that

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Speaker 1: is my little guilty pleasure. I will spend lots of

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Speaker 1: money on vacation and I plan to do that for

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Speaker 1: the rest of my life. There it is makes I

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Speaker 1: want to travel with me too. I'm like, I'm we're

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Speaker 1: so used to just like sort of slumming it. Like

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Speaker 1: we go to the beach often. I mean every every

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Speaker 1: summer we go to the beach together with our families.

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Speaker 1: And it's a fine balance between finding the absolute cheapest

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Speaker 1: place but something that's nice enough to keep our families happy,

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Speaker 1: but probably not roach infested. But but nothing that we

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Speaker 1: would call a villa. Yeah yeah, yeah, yeah yeah, we

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Speaker 1: haven't done the villa thing. That sounds nice. Oh my gosh,

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Speaker 1: it's great. It's so much fun and it's so much more,

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Speaker 1: you know, economical, when you've got a bunch of people

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Speaker 1: with you when you do this, how many how many

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Speaker 1: couples typically do you like to like? I feel like

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Speaker 1: there's an optimal range because above a certain amount and

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Speaker 1: start there's there's drama. They may they may as well

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Speaker 1: be filming because we're gonna make this reality. You are

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Speaker 1: correct about it. Now, last year we did six couples,

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Speaker 1: but I've been I've been on a cruise with fifteen

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Speaker 1: so fitch couples. Yeah, okay, yes, so cruise you can

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Speaker 1: facilitate that a lot easier. But what I'll say is,

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Speaker 1: I mean, you know, you just take people you like

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Speaker 1: and then you have to weed out those that don't

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Speaker 1: work so well. It's amazing to how people that you

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Speaker 1: like at home maybe you don't travel the same with them,

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Speaker 1: So you have to kind of figure out who who

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Speaker 1: makes a good travel companion. Not every good buddy actually

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Speaker 1: turns out to be a great travel travel buddy. That's

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Speaker 1: true too, I have learned that as well. Well. Hopefully

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Speaker 1: you're able to remain friends with America even though it

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Speaker 1: didn't work out of the villa. But let let's talk

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Speaker 1: about debt because you and your husband you were newlyweds, uh,

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Speaker 1: and you were like around ninety dollars in debt, So

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Speaker 1: we want to hear your story a little bit here.

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Speaker 1: What kinds of debt had you racked up? And specifically too,

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Speaker 1: how did you get to the point where you realized

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Speaker 1: that having that much, that that was a problem for

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Speaker 1: you all. Honestly, we were pretty normal. I mean this

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Speaker 1: was twenty going on twenty five years ago, to be honest,

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Speaker 1: and we were normal. We had credit card debt between

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Speaker 1: the two of us, we had about seven credit cards.

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Speaker 1: None of them were super duper high, but when you've

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Speaker 1: got that many, it's a lot, it's a lot to juggle.

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Speaker 1: And then we also had car debt, two cars between us,

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Speaker 1: um and we had student loans, which was the biggest

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Speaker 1: portion of it. So more than half of that ninety

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Speaker 1: thousand was in student loans, and that was normal. Honestly,

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Speaker 1: everyone expects to have a car note, everybody expects to

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Speaker 1: have a credit card or two. And then, of course

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Speaker 1: you can't get out of college quote unquote without college debt,

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Speaker 1: so it was pretty normal. We didn't have anything that

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Speaker 1: we were really overspending on. This is actually how we

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Speaker 1: started our life. We got out of college and this

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Speaker 1: is what we had. It wasn't abnormal at the time,

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Speaker 1: and so that's part of the challenges that we're told

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Speaker 1: that it's okay and so we do it. And when

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Speaker 1: I was an engineer working in corporate America and my

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Speaker 1: husband was a sales professional, there were a few moments

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Speaker 1: in those early months of our relationship when we got

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Speaker 1: married that we realized, hold on a second, there's so

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Speaker 1: much more month left, and we don't have enough money.

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Speaker 1: So between the car payments and the student loans and

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Speaker 1: all that, we started to realize, gosh, there's not a

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Speaker 1: whole lot left even though we're working professionals, you know,

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Speaker 1: And so we realized that we needed a game plan.

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Speaker 1: And um, that's when we started to have the revelation

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Speaker 1: that man, if I can't go to lunch with my

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Speaker 1: coworkers and I'm an engineer, there's a bigger problem here. Um,

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Speaker 1: it's not like your salary was crummy as an engineer,

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Speaker 1: like you're probably are making decent money exactly exactly, and so,

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Speaker 1: but we also had decent debt, right, so our debt

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Speaker 1: payments amounted to over a thousand dollars a month. And

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Speaker 1: then you add on that we had a baby quick,

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Speaker 1: you know, in the first year and a half of

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Speaker 1: our marriage, and then we had another one at three

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Speaker 1: four years later, and so you know, you start compounding

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Speaker 1: these things and life is expensive and you're not sure

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Speaker 1: what you're supposed to be doing. So um, we quickly realized.

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Speaker 1: I mean, honestly, I'm kind of glad that it happened early,

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Speaker 1: because we were foolish enough to believe that anything was possible,

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Speaker 1: so we went after it, and that, you know, forced

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Speaker 1: us to get real with our money early on. When

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Speaker 1: a lot of my clients today they have waited until

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Speaker 1: there are forties and fifties and they're like, oh my gosh,

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Speaker 1: my kids are going to college and now I need

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Speaker 1: to get my act together. So you know, there are

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Speaker 1: benefits to tripping over yourself earlier. That's sure, you're learning

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Speaker 1: some lessons before you get too far along. I love

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Speaker 1: what you said that you said we were pretty normal.

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Speaker 1: And there's so many people that have, you know, tens

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Speaker 1: of thousands dollars worth the student loan debt, and they're like,

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Speaker 1: I see the headlines. I'm not as bad off as

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Speaker 1: some of those folks. And they've got a little bit

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Speaker 1: of credit card to your debt here. They got a

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Speaker 1: little bit of of card debt over here, and it's like,

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Speaker 1: well that, but that's normal, right, I'm actually maybe I'm

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Speaker 1: doing a little bit better than average even but you

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Speaker 1: began to realize that this wasn't the normal you wanted

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Speaker 1: to live in. So so, how did how did you

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Speaker 1: and your husband and young kids is? How did y'all

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Speaker 1: start tackling that debt? What was your approach to paying

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Speaker 1: it down? Well, the first thing that my husband did

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Speaker 1: was he actually took my credit card away from me

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Speaker 1: because I was the one that, yes, this was confession time.

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Speaker 1: Like I I was swiping that car to have lunch.

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Speaker 1: I was swiping that car to do the things that

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Speaker 1: did not fit inside of our normal routine or what

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Speaker 1: we could use in our checking account, and and so

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Speaker 1: I it was confession time. And I had to share

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Speaker 1: that because honestly, I can't. We can't continue to go

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Speaker 1: into debt if we're really trying to get out. So

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Speaker 1: something has to stop here. And so that was, you know,

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Speaker 1: a real honest moment that we had to have. And

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Speaker 1: so he literally put it in a bowl of ice,

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Speaker 1: and we'll put it in a bowl of water, put

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Speaker 1: it in the fraser so it could turn into ice.

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Speaker 1: And it was before those times when you plugged in

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Speaker 1: your account number or your debit card number into Amazon

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Speaker 1: phys exactly. And so that was the restraint, you know,

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Speaker 1: in the physical representation of we're not doing this anymore.

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Speaker 1: And then honestly, we just added up all of our expenses.

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Speaker 1: I mean a lot of people are very nervous to

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Speaker 1: add up and look at and face how much they

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Speaker 1: spend on a monthly basis. And when we did that,

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Speaker 1: we realized there was opportunity. It wasn't what we thought

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Speaker 1: it was going to look like, and we had to

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Speaker 1: face that and just say, okay, so now what we're

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Speaker 1: what are we going to do about it? So I

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Speaker 1: think a reality check is the very first step for

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Speaker 1: lots of people. That's true. Yeah, So okay, so as

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Speaker 1: you started down this path, did you have any setbacks

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Speaker 1: along the way. Well, I'm gonna go ahead and and

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Speaker 1: kind of reveal I'll spell the beans, because I know

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Speaker 1: you had some car issues. You have some car problems,

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Speaker 1: and you did have to go back into debt. But

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Speaker 1: I guess what I specifically want to know is how

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Speaker 1: did you keep that from derailing you? Because I think

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Speaker 1: sometimes when you've got this, you've got this goal up

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Speaker 1: ahead of you and you know this is something you

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Speaker 1: want to achieve, but then you kind of get hit

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Speaker 1: with this hurdle, uh something, it might derail you a

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Speaker 1: little bit. I want to know how you were able

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Speaker 1: to overcome that and continue pressing on towards that goal

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Speaker 1: of years. Yeah. Yeah, So our car died. Our car

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Speaker 1: died and had it needed an engine, and we did

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Speaker 1: not have the thousand dollars that was needed in order

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Speaker 1: for us to get that car resurrected. And so we

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Speaker 1: went without a car for a season, really just a

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Speaker 1: month when I was with a new child and my

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Speaker 1: husband was able to go to work. But then we

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Speaker 1: got another car, you know, loan, and so what we

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Speaker 1: realized was, man, okay, so if we're not prepared, then

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Speaker 1: that means we go further into debt, and that was

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Speaker 1: kind of the last straw. That was the last thing

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Speaker 1: that we said, all right, we had to add this

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Speaker 1: to our debt. That's what put us over that ninety

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Speaker 1: thousand and so we said, all right, let's let's figure

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Speaker 1: this out. We added everything up, and we just said,

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Speaker 1: we can't be back in this place again where we

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Speaker 1: are unprepared, meaning we don't have anything in savings and

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Speaker 1: we can't weather an emergency. And so that was the

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Speaker 1: first thing we did was get a little bit of

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Speaker 1: an emergency fund so that we didn't have depend on

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Speaker 1: credit cards. And then we started tackling the debt seriously

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Speaker 1: at that point so that we, you know, could reduce

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Speaker 1: our expenses because honestly, having over a thousand or swelve

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Speaker 1: hundred dollars a month going out in payments was also

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Speaker 1: why we couldn't afford to get the car fixed. And

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Speaker 1: so those are the things that we started to realize

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Speaker 1: and say, okay, early on, if we get this right now,

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Speaker 1: then maybe we don't have to return to this place again. Yeah.

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Speaker 1: So it sounds like instead of that, instead of that

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Speaker 1: hampering your ability to reach, like, oh, it just poured

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Speaker 1: some fuel on the fire and it caused you to

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Speaker 1: maybe get after it even more than you were before

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Speaker 1: it did. Yeah, and I think we were also committed

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Speaker 1: to the fact that, you know, we wanted something different

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Speaker 1: than what we grew up with. The truth of the

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Speaker 1: matter is that both of my husband and I came

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Speaker 1: from single parent households, and we saw our moms struggle

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Speaker 1: and we said, well, we've got two incomes, we should

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Speaker 1: be able to do a little bit better than that,

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Speaker 1: right we and so we knew that there was something

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Speaker 1: to this, but we couldn't. You know, we tripped over

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Speaker 1: ourselves a little bit in the beginning, but it takes

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Speaker 1: the termination and it takes resolved and so we were

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Speaker 1: on the same page where that was concerned. Sometimes the

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Speaker 1: methods weren't exactly the same um because you're never gonna

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Speaker 1: always agree, but it was good to know that, like,

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Speaker 1: we had the same type of foundation, because we really

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Speaker 1: just wanted to make sure that we had a better

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Speaker 1: future for our kids than what we hit. Yeah, it's

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Speaker 1: good to know. And Matt and I've talked about this before,

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Speaker 1: being on the same team. Recognizing that you're on the

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Speaker 1: same team when a setback happens, it keeps you from

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Speaker 1: pointing fingers at each other. You're like, wait a second,

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Speaker 1: we're on the same team. This setback affects us both,

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Speaker 1: and so let's find a way to overcome this hurdle together.

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Speaker 1: And I gotta say, sometimes I'm overly optimistic my and

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Speaker 1: my wife tells me that often, like she loves my optimism,

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Speaker 1: but she's also like, it also greats on me sometimes

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Speaker 1: because you're completely unrealistic. And so I have to realize

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Speaker 1: too that when I'm saying, oh, it's gonna take me

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Speaker 1: thirty minutes to do this repair around the house, knowing

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Speaker 1: that it's probably actually likely gonna take me an hour

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Speaker 1: and a half and to do that task. Sometimes when

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Speaker 1: it comes to a debt payoff plane, you have to

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Speaker 1: have a little bit of realism so that that one

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Speaker 1: hurdle it doesn't send you reeling um. And so knowing

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Speaker 1: building building in some place for imperfection, I think it's

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Speaker 1: important in that plan too, right, right, absolutely, And don't

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Speaker 1: expect for perfection from your partner because you know that

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Speaker 1: you aren't perfect either. Right, Like, it's super easy to

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Speaker 1: point a finger at someone else because you can see

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Speaker 1: their flaws. You don't want anyone to see yours. And

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Speaker 1: so I love the fact that you even said, you know,

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Speaker 1: we have to remember that we're a team. One of

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Speaker 1: the things my husband still does to this day is

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Speaker 1: say out loud, we're on the same team. Like he

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Speaker 1: says it to remind himself and to remind me we're

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Speaker 1: on the same team. We want to go the same place.

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Speaker 1: And so while we may not agree on sometimes the method,

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Speaker 1: that still means that we need to figure out how

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Speaker 1: we're going to get we're gonna you know, where we're

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Speaker 1: gonna go together. So okay, so it took you how

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Speaker 1: long to pay off that debt? And how did you

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Speaker 1: celebrate at the end of that debt payoff? Did you rella?

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Speaker 1: What did you do? That's awesome? Well, it took us

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Speaker 1: about five years. We had two kids in that time.

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Speaker 1: We had another setback was my husband got laid off.

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Speaker 1: You know, We've had a lot. We had a family

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Speaker 1: loss where we had emergencies we have to use our

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Speaker 1: emergency fund and all of that. So there was a

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Speaker 1: lot going on in there. Um, I do think, and

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Speaker 1: this is the reason why I do what I do.

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Speaker 1: I do think that we could have made some different

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Speaker 1: decisions and gotten it paid off a little bit faster

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Speaker 1: if we had a coach. Um. And that's why I

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Speaker 1: jumped in to do this work, is to help people

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Speaker 1: to avoid some of the pitfall so that they too

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Speaker 1: can get out of it faster than they would have

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Speaker 1: on their own. And we celebrated along way. I'll be

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Speaker 1: very honest and say, when we paid off a car,

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Speaker 1: we celebrated. And so for us, you know, sometimes that

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Speaker 1: was just a nice fancy dinner when we paid everything off. Honestly,

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Speaker 1: I walked away from my job like that was the

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Speaker 1: biggest thing that that I could lead that position and

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Speaker 1: start the work that I wanted to do myself. And

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Speaker 1: so that was a huge financial change in our house.

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Speaker 1: But it would is one of the biggest reasons why

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Speaker 1: getting out of debt was so critical for us, because, um,

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Speaker 1: it just created an opening for us to be able to,

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Speaker 1: you know, change the way we do life. And I've

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Speaker 1: not looked back. It's been seventeen years and I have

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Speaker 1: no regrets at all. Um. No, I wasn't making today's

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Speaker 1: money back then when I first started, but because we

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Speaker 1: were out of debt, we could do it. And you know,

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Speaker 1: with little kids, sometimes that's the biggest thing that you

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Speaker 1: need is to be able to have some flexibility, I bet. Yeah. So,

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Speaker 1: I mean, was that difficult to to kind of transition

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Speaker 1: from that nicer, high paying engineer job where you're going

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Speaker 1: out to lunch or maybe not because you're your credit

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Speaker 1: cards were frozen at that point, Uh, bringing those leftovers

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Speaker 1: to work, That's how I roll. But even still, like,

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Speaker 1: even when you eliminate those those you know, a thousand

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Speaker 1: bucks and months in debt payments, I'm sure you're making

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Speaker 1: more than twelve tho dollars a year, like you are

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Speaker 1: going to feel that impact of losing that income. Was

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Speaker 1: that difficult for you to know that you're taking a

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Speaker 1: hit when it came to your income. It was an adjustment.

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Speaker 1: It was definitely in adjustment. And it took a couple

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Speaker 1: of years in all truth to get the business off

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Speaker 1: and running the way I wanted it to. But I

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Speaker 1: didn't honestly, didn't leave until I did have some income

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Speaker 1: in the business. It just didn't replace the whole amount.

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Speaker 1: And so yeah, I think, honestly, I know this sounds crazy,

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Speaker 1: but one of the bigger sacrifices that we made during

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Speaker 1: that time was that I couldn't invest in my retirement, right,

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Speaker 1: So I wasn't doing that, and that was something that

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Speaker 1: I had previously been doing. And one of the biggest

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Speaker 1: pieces of advice I would give someone is probably have

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Speaker 1: a bigger emergency fund than I had. So um that

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Speaker 1: party at the time, Oh my gosh, we had solidly

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Speaker 1: three months, Like we didn't have like a whole year

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Speaker 1: or anything like that. Yeah, and so we So I

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Speaker 1: would if you're going to become an entrepreneur and you're

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Speaker 1: not really sure what your income is gonna look like,

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Speaker 1: I would definitely expand that at least six months, if

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Speaker 1: not twelve, um, just to be on the safe side.

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Speaker 1: For me, that would have meant staying longer um at work,

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Speaker 1: and we probably could have made that happen. But I

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Speaker 1: really felt strongly that it was time for me to go,

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Speaker 1: And so I now advised people to do what I

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Speaker 1: didn't know to do, um, which is to have more

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Speaker 1: money saved. But you know, I think, honestly, I still

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Speaker 1: have no regrets because it's it's been a great ride,

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Speaker 1: and um, it was the time that I needed to go.

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Speaker 1: And quite frankly, uh, we've been able to overcome that, right.

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Speaker 1: So it just took a little bit. It's slowly slow

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Speaker 1: now for the ideal way to do it, but you

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Speaker 1: got through it, and then now you're coaching other people

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Speaker 1: to do it even better, which I love and I

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Speaker 1: love to just that reality, the realization that that a

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Speaker 1: an emergency fund that's even specific to an individual or

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Speaker 1: an individual situation. It's like, hey, you're gonna want you

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Speaker 1: want to quit your job and become an entrepreneur. You

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Speaker 1: need more runaway, you need more financial backup. But let's

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Speaker 1: say you dual income, great jobs that aren't going anywhere,

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Speaker 1: you know you can have Yeah, you can have a

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Speaker 1: smaller emergency fund, and that's okay. Um. I want I

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Speaker 1: want to ask you too about that transition to coaching

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Speaker 1: that you talked about. You know you talked about it

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Speaker 1: took me five years. I think we could have done

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Speaker 1: it faster. I want to basically help other people learn

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Speaker 1: from the things that I was learning along the way

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Speaker 1: that if I had known that from the get go,

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Speaker 1: it probably would have happened a little bit quicker. Talk

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Speaker 1: to me more about like how that fostered in you

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Speaker 1: that desire to help others and what actually like kind

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Speaker 1: of plunged you into you know what, I have to

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Speaker 1: do this full time as a job. Yeah. Well, what's

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Speaker 1: interesting is that because of our journey, I had people

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Speaker 1: asking me questions. I wasn't silent about the fact that

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Speaker 1: we were trying to get out of debts. So there

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Speaker 1: would be times where we would say no to things,

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Speaker 1: or we would say yes to something different, or we

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Speaker 1: were taking a class, or I was reading a book.

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Speaker 1: But I was immersing myself and the work of trying

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Speaker 1: to figure out how to get out and stay at

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Speaker 1: a DIBt. I was talking about my budget. I was vocal,

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Speaker 1: and so people would ask me questions. My pastor asked

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Speaker 1: me a question, he said, hey, would you help somebody

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Speaker 1: else do what you are doing? I said, sure, absolutely,

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Speaker 1: And so the first couple of clients, two or three

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Speaker 1: people that I worked with were pro bono, just to

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Speaker 1: kind of see if I liked it. And in that time,

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Speaker 1: I was like, I loved seeing the lightbulb come on.

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Speaker 1: At that time, I was actually going to someone's house

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Speaker 1: and we were looking at their bank statements on the table,

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Speaker 1: and when there would be a pivotal moment like did

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Speaker 1: you know that you're dining out is five hundred dollars

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Speaker 1: a month? Did you know that your kids activities was

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Speaker 1: costing you this much, and the lightbulb comes on and

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Speaker 1: they're like, wow, I had no idea. I thought it

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Speaker 1: was so much less than that, and they start to

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Speaker 1: realize why things have been so challenging. Um, I used

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Speaker 1: to go. I actually went into someone's home and I

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Speaker 1: saw immediately why they were in debt. They were not

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Speaker 1: a hoard or necessarily, but they had tons and tons

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Speaker 1: of things for their kids all over their place, and

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Speaker 1: so it was very obvious. And so those are things

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Speaker 1: that looking back, give perspective to why people need somebody,

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Speaker 1: somebody to walk with them through the process versus just saying, oh,

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Speaker 1: I can do this on my own. And most of

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Speaker 1: the time people don't do it on their own. They

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Speaker 1: say they're going to do it. They're like, oh, I'm

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Speaker 1: going to give this a month and I'm going to

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Speaker 1: see if i can do it myself, and then they

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Speaker 1: realize they've done absolutely. And so accountability is huge and

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Speaker 1: getting people to move the needle. I love that. That's

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Speaker 1: that's so good. I mean accountability. There's many other reasons

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Speaker 1: to why it might make sense to have a financial

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Speaker 1: coach in your corner. We're gonna talk all about coaching.

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Speaker 1: What it entails. We'll get to all that right after

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Speaker 1: this break. Are we are back from the break, We're

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Speaker 1: still talking with Erica Young about why you need a

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Speaker 1: money coach in your corner. And I think, I mean,

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Speaker 1: you just set it up perfectly right that that we

404
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Speaker 1: we always say we're going to do something, getting around

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Speaker 1: to it is another matter. I am maybe the king

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Speaker 1: of that. Remember, going back, going back to my college days,

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Speaker 1: my procrastination levels were basically superior to anyone else's. And

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Speaker 1: so I want to I want to know though from me,

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Speaker 1: like what are the signs maybe that someone needs the

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Speaker 1: help of a financial coach who maybe like, how can

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Speaker 1: someone know that they should stop trying to do it

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Speaker 1: on their own and then they really just do need

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Speaker 1: the outsource that they need to hire someone to kind of,

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Speaker 1: you know, give him the right kick in the butt. Yeah. Well,

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Speaker 1: one of the very first signs is that you have

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Speaker 1: debt that hasn't moved. Um, your debt is either stagnant

417
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Speaker 1: or it's growing, and so um, if you're not making

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Speaker 1: progress in that area, that's a that's one sign. Another

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Speaker 1: one is wishful or magical thinking. So we like to

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Speaker 1: believe that we are better than we are that we

421
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Speaker 1: can do this ourselves or that at some point, just

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Speaker 1: like with weight loss, we're like, oh, I want to

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Speaker 1: lose some pounds and then we're magically like, oh, it's

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Speaker 1: going to take me this amount of time. Well not

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Speaker 1: if you don't change something right, Like we're wishful thinking

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Speaker 1: about lots of things in our lives and so that

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Speaker 1: could be also something to wake up too. And then honestly,

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Speaker 1: I would say, you know, if you realize that there

429
00:21:13,720 --> 00:21:17,199
Speaker 1: are things in your life that you want but you

430
00:21:17,280 --> 00:21:21,159
Speaker 1: haven't been able to achieve. So going on a nice vacation,

431
00:21:22,040 --> 00:21:26,600
Speaker 1: having an emergency fund um, giving to organizations, or being

432
00:21:26,640 --> 00:21:30,320
Speaker 1: a part of something bigger than yourself, and those things

433
00:21:30,400 --> 00:21:34,560
Speaker 1: have not been able to happen. You're realizing that your

434
00:21:34,800 --> 00:21:38,080
Speaker 1: your goals are bigger than your want to your actions

435
00:21:38,119 --> 00:21:40,399
Speaker 1: are not lining up with the vision that you have.

436
00:21:40,560 --> 00:21:43,719
Speaker 1: And so sometimes the coach can help you realize and

437
00:21:43,920 --> 00:21:47,600
Speaker 1: that what's missing really and you know, the the little

438
00:21:47,680 --> 00:21:49,159
Speaker 1: kick in the tush that you need in order to

439
00:21:49,400 --> 00:21:54,359
Speaker 1: get started. So that's having somebody on your team side

440
00:21:54,359 --> 00:21:56,520
Speaker 1: by side with you who've been who's been down the road.

441
00:21:56,560 --> 00:22:00,360
Speaker 1: And I've worked with hundreds of people, um it just

442
00:22:00,560 --> 00:22:02,879
Speaker 1: helps you to see what you can see. I mean,

443
00:22:03,000 --> 00:22:05,679
Speaker 1: sometimes we're just blind to what's really in the way

444
00:22:05,800 --> 00:22:08,359
Speaker 1: absolutely where maybe we can see what's going on in

445
00:22:08,359 --> 00:22:11,879
Speaker 1: other people's lives spending money on this right, when it

446
00:22:11,920 --> 00:22:14,360
Speaker 1: comes to what you're spending your money on, it can

447
00:22:14,359 --> 00:22:17,480
Speaker 1: be difficult to to recognize. And so yeah, I mean

448
00:22:17,840 --> 00:22:19,800
Speaker 1: you're you're basically staying this and you said this before

449
00:22:19,800 --> 00:22:21,840
Speaker 1: the break, But it sounds like like that reality check

450
00:22:21,920 --> 00:22:25,200
Speaker 1: is the first thing that that folks need to do.

451
00:22:25,200 --> 00:22:26,639
Speaker 1: Do you do you have other like do you have

452
00:22:26,640 --> 00:22:29,239
Speaker 1: different tactics that you take with different folks who come

453
00:22:29,240 --> 00:22:33,320
Speaker 1: to you? Or like is it customizable when you're catching somebody?

454
00:22:33,480 --> 00:22:35,359
Speaker 1: Or yeah, like are there a few steps that everyone

455
00:22:35,400 --> 00:22:38,920
Speaker 1: should follow? Yeah, there are steps everyone should follow. It's

456
00:22:39,000 --> 00:22:42,080
Speaker 1: customizable once I get to know who you are. So

457
00:22:42,320 --> 00:22:44,919
Speaker 1: one the reality check where you look at all of

458
00:22:44,960 --> 00:22:48,679
Speaker 1: your income and all of your outgo expenses specifically need

459
00:22:48,760 --> 00:22:51,200
Speaker 1: to be broken down by category. Look at that first.

460
00:22:51,240 --> 00:22:53,800
Speaker 1: I typically say, have a glass of line, get some chocolate,

461
00:22:54,240 --> 00:22:57,160
Speaker 1: put on some move music, or have a candle burning

462
00:22:57,240 --> 00:22:59,320
Speaker 1: something to make you kind of get into that good mood.

463
00:22:59,760 --> 00:23:03,040
Speaker 1: But that's the first thing. And then I actually have

464
00:23:03,119 --> 00:23:06,160
Speaker 1: an assessment that I do with people to understand their

465
00:23:06,200 --> 00:23:10,320
Speaker 1: behaviors and their habits around money. And so there's a

466
00:23:10,400 --> 00:23:13,000
Speaker 1: checklist if you will, you kind of go through and

467
00:23:13,119 --> 00:23:15,600
Speaker 1: rate everything, and I think it's really important for people

468
00:23:15,600 --> 00:23:19,200
Speaker 1: to understand what their behaviors currently are assess what's really

469
00:23:19,240 --> 00:23:23,840
Speaker 1: going on here. That's huge. I also think that adding

470
00:23:23,920 --> 00:23:26,560
Speaker 1: up your debt and by that you might have to

471
00:23:26,560 --> 00:23:28,880
Speaker 1: go look at your credit report to make sure you're

472
00:23:28,880 --> 00:23:33,360
Speaker 1: not missing anything, but face where you are because if

473
00:23:33,400 --> 00:23:35,800
Speaker 1: you don't do that, you don't know how you can

474
00:23:35,840 --> 00:23:37,600
Speaker 1: get to where you really need to be. It's kind

475
00:23:37,600 --> 00:23:40,640
Speaker 1: of like the GPS lady. She has to locate you

476
00:23:41,320 --> 00:23:44,920
Speaker 1: right where you are today before you put in that

477
00:23:45,040 --> 00:23:47,280
Speaker 1: address of where you're trying to go, so that you

478
00:23:47,320 --> 00:23:51,119
Speaker 1: can get the straightest, quickest path there. But you can't

479
00:23:51,160 --> 00:23:53,200
Speaker 1: get there if she doesn't know where you are. So

480
00:23:53,320 --> 00:23:56,520
Speaker 1: we've got to locate where you are first, and sometimes

481
00:23:56,520 --> 00:23:58,719
Speaker 1: that's the hardest part. Once people are able to face that,

482
00:23:58,800 --> 00:24:01,720
Speaker 1: then they're like, Okay, I think I'm open now to

483
00:24:01,840 --> 00:24:04,639
Speaker 1: hearing what Eric has to say about how we're going

484
00:24:04,680 --> 00:24:07,199
Speaker 1: to get this done. Yeah, sometimes you gotta take like

485
00:24:07,400 --> 00:24:09,280
Speaker 1: all of the gloss all of the sheen off, and

486
00:24:09,280 --> 00:24:12,160
Speaker 1: you've gotta like look at all those naked numbers and

487
00:24:12,480 --> 00:24:14,840
Speaker 1: all of them not hiding anything, right, so that you

488
00:24:14,880 --> 00:24:17,639
Speaker 1: can get a full scope of what actually needs to happen.

489
00:24:18,119 --> 00:24:21,879
Speaker 1: And uh, okay, you're coaching business. It's called tailor made budgets.

490
00:24:21,960 --> 00:24:24,320
Speaker 1: And so it makes me think, like, what does it

491
00:24:24,359 --> 00:24:27,720
Speaker 1: take to create a budget that actually helps people? Because

492
00:24:27,720 --> 00:24:30,959
Speaker 1: some people are scared of the word budget. They think

493
00:24:30,960 --> 00:24:32,879
Speaker 1: of it as like a four letter word. So, um,

494
00:24:33,000 --> 00:24:34,520
Speaker 1: how do you help people create a budget that they

495
00:24:34,560 --> 00:24:37,600
Speaker 1: actually use, not one that just kind of like looks

496
00:24:37,600 --> 00:24:40,760
Speaker 1: good in an Excel file that gets quickly abandoned. Yeah.

497
00:24:40,840 --> 00:24:43,359
Speaker 1: One of the biggest things is to know the family,

498
00:24:43,400 --> 00:24:47,680
Speaker 1: Know the household. Um, understand are their medical things going

499
00:24:47,760 --> 00:24:50,840
Speaker 1: on in the house are understand you know how old

500
00:24:50,840 --> 00:24:53,000
Speaker 1: the children are, if there are kids in the house,

501
00:24:53,119 --> 00:24:56,360
Speaker 1: Understand what the goals are. Where do you see yourself

502
00:24:56,359 --> 00:25:00,719
Speaker 1: in six months? Why is this important making it customized

503
00:25:00,720 --> 00:25:03,680
Speaker 1: to that household. No budget should be exactly like the neighbor,

504
00:25:04,119 --> 00:25:07,000
Speaker 1: and so it's it's important to understand who it is

505
00:25:07,000 --> 00:25:09,720
Speaker 1: that I'm working with and make it realistic for them. So,

506
00:25:09,800 --> 00:25:14,040
Speaker 1: for instance, people have an affinity for you know, whole

507
00:25:14,200 --> 00:25:16,680
Speaker 1: or clean eating or what have you. I understand that

508
00:25:16,680 --> 00:25:19,840
Speaker 1: that could potentially cost a little bit more. I also

509
00:25:19,920 --> 00:25:23,240
Speaker 1: have to understand that the age of the kids makes

510
00:25:23,240 --> 00:25:26,480
Speaker 1: a difference, um, the activities that kids are in and

511
00:25:26,480 --> 00:25:29,560
Speaker 1: and things like that. So just knowing what the household

512
00:25:29,600 --> 00:25:33,040
Speaker 1: is up to if there are glaring red flags, Um,

513
00:25:33,080 --> 00:25:35,520
Speaker 1: that's one of the things that over the years I

514
00:25:35,560 --> 00:25:38,320
Speaker 1: have gotten a whole lot better at making sure that

515
00:25:38,359 --> 00:25:40,840
Speaker 1: I let people know here's the big, hairy elephant in

516
00:25:40,840 --> 00:25:43,720
Speaker 1: the room that we've got to deal with. Because if

517
00:25:43,720 --> 00:25:46,840
Speaker 1: there were only one thing to change, I want people

518
00:25:46,840 --> 00:25:49,480
Speaker 1: to understand what that thing is that's really going to

519
00:25:49,600 --> 00:25:52,320
Speaker 1: make a difference in their finances. So the budget can

520
00:25:52,320 --> 00:25:55,040
Speaker 1: be very detailed and it can be very realistic and

521
00:25:55,080 --> 00:25:58,640
Speaker 1: tailored for that household. But I'm always looking for that

522
00:25:58,800 --> 00:26:02,359
Speaker 1: one thing that if they only did that, it would

523
00:26:02,400 --> 00:26:04,879
Speaker 1: transform everything. And so I'm looking for that needle in

524
00:26:04,880 --> 00:26:07,920
Speaker 1: the haystack. And sometimes it's bigger than you think. But um,

525
00:26:08,440 --> 00:26:12,200
Speaker 1: that's sometimes the thing that will help people really get

526
00:26:12,280 --> 00:26:15,240
Speaker 1: unstuck if you will right well, I mean, can you

527
00:26:15,240 --> 00:26:17,000
Speaker 1: share some examples, like, like, what are some of those

528
00:26:17,000 --> 00:26:19,440
Speaker 1: red flags what are some of those big, big, old

529
00:26:19,560 --> 00:26:23,880
Speaker 1: budget busting line items that are just wrecking people's finances. Well,

530
00:26:24,280 --> 00:26:26,440
Speaker 1: I'll start with some of the little ones that everybody

531
00:26:26,480 --> 00:26:29,200
Speaker 1: has right now. So one of those would be subscriptions.

532
00:26:29,440 --> 00:26:32,040
Speaker 1: So I'll have people add up all of their subscriptions.

533
00:26:32,240 --> 00:26:34,120
Speaker 1: I had one family do this a couple of years ago.

534
00:26:34,119 --> 00:26:36,240
Speaker 1: It was about a hundred and fifty dollars and subscriptions,

535
00:26:36,240 --> 00:26:39,560
Speaker 1: and I thought, wow, and this is not like cable.

536
00:26:39,800 --> 00:26:42,960
Speaker 1: It's all of the little Netflix and Hulu and gains

537
00:26:43,000 --> 00:26:44,960
Speaker 1: for the kids and all that added up to a hundred.

538
00:26:45,160 --> 00:26:48,640
Speaker 1: They had no idea, And so we just go through

539
00:26:48,640 --> 00:26:50,879
Speaker 1: the process of what's needed and what isn't, what do

540
00:26:50,920 --> 00:26:53,040
Speaker 1: you use, which don't you use? And they cut it

541
00:26:53,040 --> 00:26:57,000
Speaker 1: down to like fifty bucks. Amazon is huge. Amazon all

542
00:26:57,080 --> 00:27:00,199
Speaker 1: on its own right now is big. And that is

543
00:27:00,200 --> 00:27:02,639
Speaker 1: not always fifty bucks or a hundred bucks. There is

544
00:27:02,720 --> 00:27:05,199
Speaker 1: that something in people will justify as saying, well, we

545
00:27:05,240 --> 00:27:09,320
Speaker 1: get diapers and we get groceries or And I still

546
00:27:09,359 --> 00:27:12,520
Speaker 1: think it's important to add up what's happening at Amazon,

547
00:27:12,560 --> 00:27:16,200
Speaker 1: because what it really is is just convenient. If you

548
00:27:16,240 --> 00:27:20,400
Speaker 1: can potentially spend less money elsewhere, and all that if

549
00:27:20,440 --> 00:27:23,040
Speaker 1: you pay attention to that. But a lot of the

550
00:27:23,119 --> 00:27:27,800
Speaker 1: times the big learing flags are a vehicle that's completely

551
00:27:27,840 --> 00:27:30,639
Speaker 1: out of whack and doesn't make sense. Um, I typically

552
00:27:30,640 --> 00:27:33,280
Speaker 1: will you know. The very last thing I would even

553
00:27:33,320 --> 00:27:37,000
Speaker 1: offer is that the house is too expensive expensive. I

554
00:27:37,000 --> 00:27:42,240
Speaker 1: I don't typically go there with that unless it's absolutely necessary.

555
00:27:42,720 --> 00:27:46,680
Speaker 1: But feel like you're undermining their security. What are you

556
00:27:46,720 --> 00:27:50,679
Speaker 1: talking about? Yeah, I don't go there unless it's absolutely necessary.

557
00:27:50,720 --> 00:27:53,440
Speaker 1: But I have had people who are paying for college

558
00:27:53,440 --> 00:27:56,639
Speaker 1: for their kids taking it out of their retirement funds.

559
00:27:56,720 --> 00:27:59,399
Speaker 1: That's a big hairy red flack to me, you know,

560
00:27:59,520 --> 00:28:02,240
Speaker 1: especially and the kid isn't doing will right, and so

561
00:28:02,480 --> 00:28:05,680
Speaker 1: that's you know, tens of thousands of dollars potentially going

562
00:28:05,680 --> 00:28:08,119
Speaker 1: down the drain, and the kid can get alone. I

563
00:28:08,119 --> 00:28:11,600
Speaker 1: don't want them to. But if it's your retirement versus

564
00:28:11,640 --> 00:28:15,520
Speaker 1: their college, I'm picking your retirement first. Yeah, yeah, I

565
00:28:15,560 --> 00:28:17,199
Speaker 1: completely agree with you. It makes me, It makes me

566
00:28:17,240 --> 00:28:19,360
Speaker 1: think everything in life is a trade off, right, and

567
00:28:20,000 --> 00:28:23,040
Speaker 1: especially the case with our money. So that's kind of

568
00:28:23,080 --> 00:28:25,520
Speaker 1: what you're you're walking people through to to a certain extent,

569
00:28:25,720 --> 00:28:27,879
Speaker 1: is here's the thing, this is what's kind of busting

570
00:28:27,880 --> 00:28:31,399
Speaker 1: the budget over here, and obviously, uh, we're gonna have

571
00:28:31,440 --> 00:28:33,200
Speaker 1: to make some sort of trade off. Maybe we got

572
00:28:33,200 --> 00:28:34,800
Speaker 1: to sell this car and we got to get into

573
00:28:34,800 --> 00:28:37,720
Speaker 1: something more affordable. But how do you talk to people?

574
00:28:38,000 --> 00:28:40,560
Speaker 1: How do you coach people into thinking through trade offs

575
00:28:40,600 --> 00:28:43,640
Speaker 1: with how they spend their money and kind of the

576
00:28:44,720 --> 00:28:47,960
Speaker 1: things that they can be doing with that money instead. Yeah, well, really,

577
00:28:48,080 --> 00:28:51,440
Speaker 1: I ask a bunch of questions. It's really okay. So

578
00:28:51,560 --> 00:28:53,760
Speaker 1: tell me more about this loan. How long is it?

579
00:28:53,800 --> 00:28:56,440
Speaker 1: How long have you had it? Tell me about you know,

580
00:28:56,440 --> 00:28:59,480
Speaker 1: tell me about the vehicle, right, Like, honestly, for families

581
00:28:59,480 --> 00:29:02,720
Speaker 1: who have little kids, they need a certain kind of vehicle.

582
00:29:02,760 --> 00:29:04,959
Speaker 1: They're not going to be able to be in an escort,

583
00:29:05,000 --> 00:29:08,080
Speaker 1: for instance. Right, So, um, so I want to understand.

584
00:29:08,120 --> 00:29:11,120
Speaker 1: I asked a bunch of questions, and then I'll say

585
00:29:11,160 --> 00:29:14,360
Speaker 1: things like how was that serving you? Um? Is this helpful?

586
00:29:14,480 --> 00:29:17,680
Speaker 1: Is this necessary? What could you do differently? I want

587
00:29:17,720 --> 00:29:21,479
Speaker 1: them to open up and share their thoughts. And really,

588
00:29:21,960 --> 00:29:25,080
Speaker 1: when I look at the overall assessment of their situation,

589
00:29:25,160 --> 00:29:28,000
Speaker 1: I see their budget, I see their assets, I see

590
00:29:28,000 --> 00:29:31,600
Speaker 1: their debt, and then if that is the smoking gun,

591
00:29:31,800 --> 00:29:35,600
Speaker 1: it's really okay. So if you did this. If you

592
00:29:35,720 --> 00:29:39,200
Speaker 1: made this one change, here is what's possible. You could

593
00:29:39,200 --> 00:29:41,280
Speaker 1: get out of debt and this amount of time versus

594
00:29:41,280 --> 00:29:44,160
Speaker 1: this amount of time, or those dollars could go towards

595
00:29:44,200 --> 00:29:47,200
Speaker 1: your retirement future, or you could say that for your

596
00:29:47,240 --> 00:29:51,400
Speaker 1: kids education. So it's really helping them to see that

597
00:29:51,520 --> 00:29:53,920
Speaker 1: something else is possible or one of their goals could

598
00:29:53,960 --> 00:29:57,640
Speaker 1: be achieved even faster if they made this you know,

599
00:29:57,800 --> 00:30:02,080
Speaker 1: big change if you will um And sometimes honestly people say,

600
00:30:02,200 --> 00:30:04,160
Speaker 1: I'm not willing to make the change now, but if

601
00:30:04,200 --> 00:30:06,160
Speaker 1: we do A, B, and C, could we get the

602
00:30:06,200 --> 00:30:08,600
Speaker 1: same effect. And it makes them start thinking about things

603
00:30:08,600 --> 00:30:11,000
Speaker 1: that they wouldn't have thought of before. So that's awesome too.

604
00:30:11,040 --> 00:30:13,800
Speaker 1: So you know, the truth is I want them to

605
00:30:13,880 --> 00:30:16,960
Speaker 1: own their decision and so I really you know, ask

606
00:30:17,040 --> 00:30:18,920
Speaker 1: all the questions that are necessary for them to have

607
00:30:18,960 --> 00:30:21,960
Speaker 1: their own light bulb moment. That's that's so great because

608
00:30:22,120 --> 00:30:23,960
Speaker 1: when you have the light bulb yourself, as opposed to

609
00:30:24,000 --> 00:30:26,000
Speaker 1: someone telling you what to do, it's so much more

610
00:30:26,040 --> 00:30:28,560
Speaker 1: impactful and you're more likely to make a different decision

611
00:30:28,600 --> 00:30:32,080
Speaker 1: moving forward. And when you've also connected that trade off

612
00:30:32,440 --> 00:30:35,520
Speaker 1: to this greater goal that you have, you become so

613
00:30:35,600 --> 00:30:37,680
Speaker 1: much more excited to make that Like, wait a second,

614
00:30:37,680 --> 00:30:39,320
Speaker 1: this car is holding me back. I didn't even like

615
00:30:39,360 --> 00:30:41,200
Speaker 1: the car. I didn't realize that that was the problem.

616
00:30:41,240 --> 00:30:42,640
Speaker 1: It wasn't that big of a deal to me. But

617
00:30:42,720 --> 00:30:44,720
Speaker 1: this other goal, like we wanted that, we want that

618
00:30:44,800 --> 00:30:47,520
Speaker 1: villa every every summer, like we want that sweet summer trip.

619
00:30:47,840 --> 00:30:49,720
Speaker 1: And so I don't know. It's amazing how when you

620
00:30:49,720 --> 00:30:53,280
Speaker 1: connect the trade off to that greater goal, it just

621
00:30:53,480 --> 00:30:57,400
Speaker 1: can completely changes the equation. Absolutely, yep, absolutely, And they

622
00:30:57,400 --> 00:31:00,160
Speaker 1: get to own their decision. I really want people to

623
00:31:00,320 --> 00:31:05,120
Speaker 1: feel like it was their choice versus Erica's prodding and pushing.

624
00:31:05,320 --> 00:31:10,960
Speaker 1: That's an inception because planning the writing this colonel of this,

625
00:31:11,000 --> 00:31:12,680
Speaker 1: and then they have to discover an idea and then

626
00:31:12,720 --> 00:31:14,320
Speaker 1: they stumble upon it. It's like, wait a minute, that

627
00:31:14,360 --> 00:31:17,200
Speaker 1: was my idea, right, that's right. Well, I mean speaking

628
00:31:17,240 --> 00:31:19,120
Speaker 1: of kind of like mind tricks, you know better than

629
00:31:19,160 --> 00:31:21,200
Speaker 1: anyone here, like doing this one on one work. It's

630
00:31:21,240 --> 00:31:24,680
Speaker 1: never just a numbers problem here oftentimes, talk about like

631
00:31:24,680 --> 00:31:27,640
Speaker 1: the dual role that you play in helping people with

632
00:31:27,720 --> 00:31:31,920
Speaker 1: some of their deeper rooted psychological issues with money alongside

633
00:31:32,080 --> 00:31:34,200
Speaker 1: the need to provide some of the education from that

634
00:31:34,200 --> 00:31:37,320
Speaker 1: accountability where they might just be, you know, missing some

635
00:31:37,360 --> 00:31:41,120
Speaker 1: of that basic personal finance knowledge. I think sometimes you

636
00:31:41,200 --> 00:31:43,640
Speaker 1: might be diving in even deeper than you realize when

637
00:31:43,680 --> 00:31:45,640
Speaker 1: when you're trying as you're kind of unearthing some of

638
00:31:45,680 --> 00:31:49,280
Speaker 1: these some of these deeper issues. Right. Yeah, absolutely, I

639
00:31:49,320 --> 00:31:52,120
Speaker 1: will say I'm not a marriage counselor, I will say

640
00:31:52,240 --> 00:31:55,320
Speaker 1: I'm not um a therapist, if you will, But but

641
00:31:55,440 --> 00:31:59,800
Speaker 1: I get into some of the stuff um that couples

642
00:32:00,160 --> 00:32:04,560
Speaker 1: to understand or that a single person hasn't allowed themselves

643
00:32:04,960 --> 00:32:08,040
Speaker 1: to to think about. So your money passed, right, So

644
00:32:08,240 --> 00:32:11,000
Speaker 1: all of the things that you learned as a child

645
00:32:11,160 --> 00:32:14,920
Speaker 1: coming up in your home of origin, and how that

646
00:32:15,040 --> 00:32:17,120
Speaker 1: is affecting you today. So for instance, I'll just talk

647
00:32:17,160 --> 00:32:19,200
Speaker 1: about myself. I want to talk about a client. But

648
00:32:19,320 --> 00:32:22,840
Speaker 1: like my husband and I, like I said, we grew

649
00:32:22,920 --> 00:32:26,160
Speaker 1: up in single parent households. We both saw financial dysfunction

650
00:32:26,720 --> 00:32:30,040
Speaker 1: and you know, I saw a beast and famine lifestyle

651
00:32:30,160 --> 00:32:34,120
Speaker 1: all the time just to make ends me, as did he,

652
00:32:34,280 --> 00:32:38,240
Speaker 1: and so I interpreted that in a different way than

653
00:32:38,320 --> 00:32:41,000
Speaker 1: he did. He really likes to have, you know, he

654
00:32:41,040 --> 00:32:43,880
Speaker 1: wants to stat cash, that cash and I'm more of

655
00:32:44,040 --> 00:32:45,880
Speaker 1: the longer term. I want to make sure I'm okay

656
00:32:45,880 --> 00:32:48,760
Speaker 1: in the future because I was always worried that I'd

657
00:32:48,760 --> 00:32:51,360
Speaker 1: have to take care of my parents, and so the

658
00:32:51,400 --> 00:32:55,160
Speaker 1: way we interpreted our past experience affected how we did life.

659
00:32:55,800 --> 00:32:58,320
Speaker 1: And the funny thing is, I'm a financial coach, and

660
00:32:58,320 --> 00:33:01,240
Speaker 1: he and I would differ on how much we needed

661
00:33:01,280 --> 00:33:04,320
Speaker 1: for savings because we had different ways that we interpreted

662
00:33:04,320 --> 00:33:07,320
Speaker 1: our past. But I'm a money coach, so I need

663
00:33:07,360 --> 00:33:12,280
Speaker 1: to make the decisions. You know what. Sometimes that happens now.

664
00:33:13,920 --> 00:33:17,520
Speaker 1: But I will say, like, those past experiences affect how

665
00:33:17,560 --> 00:33:19,760
Speaker 1: we do life today, and a lot of people don't

666
00:33:19,760 --> 00:33:23,880
Speaker 1: put enough emphasis or give themselves the freedom to sit

667
00:33:23,960 --> 00:33:27,280
Speaker 1: back and think through how that that is showing up

668
00:33:27,280 --> 00:33:29,600
Speaker 1: in life today. I had a client who had their

669
00:33:29,600 --> 00:33:32,640
Speaker 1: own realization about how dependent they were on their parents

670
00:33:32,720 --> 00:33:36,400
Speaker 1: approval and how they spent their money, and you know,

671
00:33:36,480 --> 00:33:39,000
Speaker 1: the wife just really started crying and just said, Wow,

672
00:33:39,040 --> 00:33:40,880
Speaker 1: I hadn't seen it that way. I had no idea

673
00:33:40,960 --> 00:33:43,160
Speaker 1: that I was looking for them to be okay with

674
00:33:43,200 --> 00:33:46,680
Speaker 1: my money decisions. And the husband said, I'm so glad

675
00:33:47,320 --> 00:33:50,680
Speaker 1: that we had this conversation because this was worth all

676
00:33:50,720 --> 00:33:53,600
Speaker 1: of the coaching because I didn't know how to reach

677
00:33:53,680 --> 00:33:55,800
Speaker 1: this point. I had no idea how to get here.

678
00:33:56,360 --> 00:33:58,800
Speaker 1: And now that he knows, now that they both are

679
00:33:58,840 --> 00:34:03,320
Speaker 1: aware of what she's allowed. You know, she allowed her

680
00:34:03,360 --> 00:34:06,080
Speaker 1: parents sort of to interfere and how they manage their

681
00:34:06,080 --> 00:34:09,520
Speaker 1: own money. They can, they can work through that, but

682
00:34:09,560 --> 00:34:11,640
Speaker 1: they weren't. They didn't know that that was that that

683
00:34:11,760 --> 00:34:14,160
Speaker 1: was happening. And so those are things that we get

684
00:34:14,200 --> 00:34:18,560
Speaker 1: into that's beyond the numbers, that's you know, hidden sometimes

685
00:34:18,560 --> 00:34:22,120
Speaker 1: behind Oh, we just need a budget. There's probably more

686
00:34:22,120 --> 00:34:25,319
Speaker 1: reasons why the budget hasn't worked in the past, and

687
00:34:25,400 --> 00:34:27,480
Speaker 1: we've got to get to some of those root issues

688
00:34:27,520 --> 00:34:29,040
Speaker 1: in order for you to really be able to stick

689
00:34:29,040 --> 00:34:31,239
Speaker 1: with the budget too. I love that. I love it.

690
00:34:31,280 --> 00:34:32,839
Speaker 1: Thank you so much for sharing all that. I mean,

691
00:34:33,000 --> 00:34:35,960
Speaker 1: there's a lot of good, beautiful wisdom in there, and actually,

692
00:34:36,160 --> 00:34:38,719
Speaker 1: you know, you have so much good thoughts I think

693
00:34:38,719 --> 00:34:41,080
Speaker 1: around when it comes to money in relationships and how

694
00:34:41,120 --> 00:34:43,440
Speaker 1: couples can talk about money well together. Erica, we want

695
00:34:43,440 --> 00:34:46,640
Speaker 1: to ask you a few questions on that topic, and

696
00:34:46,680 --> 00:34:58,080
Speaker 1: we'll get to those right after this. Alright, we're back

697
00:34:58,120 --> 00:35:01,280
Speaker 1: from the break. We're still talking about money coaching. Angel.

698
00:35:01,360 --> 00:35:04,719
Speaker 1: You kind of tease to money and relationships. Rika kind

699
00:35:04,719 --> 00:35:08,040
Speaker 1: of got into how she's you know, she plays. She

700
00:35:08,080 --> 00:35:10,239
Speaker 1: gets to pretend to be of a couple's counselor every

701
00:35:10,239 --> 00:35:12,080
Speaker 1: now and then before we kind of talk more about

702
00:35:12,080 --> 00:35:15,120
Speaker 1: relationship stuff. One of the things you mentioned was that

703
00:35:15,200 --> 00:35:17,320
Speaker 1: one of the roles that a financial coach can play

704
00:35:17,400 --> 00:35:20,879
Speaker 1: is accountability. Right, like they are, they're keeping you accountable.

705
00:35:21,200 --> 00:35:25,040
Speaker 1: Is it possible to get that same benefit by having

706
00:35:25,040 --> 00:35:28,160
Speaker 1: a friend provide that accountability? What I want to ask

707
00:35:28,160 --> 00:35:29,560
Speaker 1: here that the core of my question is I want

708
00:35:29,560 --> 00:35:31,759
Speaker 1: to know the difference between having a friend that's holding

709
00:35:31,800 --> 00:35:34,120
Speaker 1: you accountable and someone like you who is able to

710
00:35:34,160 --> 00:35:37,920
Speaker 1: provide more of that in full service one on one coaching.

711
00:35:38,400 --> 00:35:40,840
Speaker 1: Can you talk about that for a second. Absolutely, I

712
00:35:40,840 --> 00:35:43,920
Speaker 1: think everybody needs a friend that can hold them accountable. However,

713
00:35:44,880 --> 00:35:49,279
Speaker 1: most of the time our friends one is happy. Um

714
00:35:49,280 --> 00:35:54,600
Speaker 1: our friends are very agreeable, and for women sometimes that

715
00:35:54,800 --> 00:35:58,080
Speaker 1: is a shopping buddy or someone who is going to say,

716
00:35:58,080 --> 00:36:01,720
Speaker 1: oh I understand, just do it, you deserve it, And

717
00:36:02,360 --> 00:36:06,399
Speaker 1: men don't say those things, but it is inherent in Hey,

718
00:36:06,480 --> 00:36:08,480
Speaker 1: let's go hang out with the guys and we're gonna

719
00:36:08,480 --> 00:36:09,799
Speaker 1: do what we do, you know what I mean, Like,

720
00:36:10,160 --> 00:36:12,840
Speaker 1: we all have our ways in which we live and

721
00:36:12,840 --> 00:36:15,400
Speaker 1: and it's great to have a buddy who's on the

722
00:36:15,440 --> 00:36:17,840
Speaker 1: journey with you, but they're not going to give you

723
00:36:17,880 --> 00:36:21,200
Speaker 1: the tough love they also will not give you. You're

724
00:36:21,239 --> 00:36:23,279
Speaker 1: you're not gonna be super open and honest with your friend.

725
00:36:23,360 --> 00:36:25,719
Speaker 1: Let's just be clear. You're not gonna say how much

726
00:36:25,760 --> 00:36:27,640
Speaker 1: you spent on dining out. You are not going to

727
00:36:27,760 --> 00:36:30,120
Speaker 1: say how much that dress cost. You're not gonna say

728
00:36:30,160 --> 00:36:33,640
Speaker 1: how much golfing was with the fellas. You're not You're

729
00:36:33,680 --> 00:36:38,799
Speaker 1: going to simply gloss over it, because we inherently do

730
00:36:38,920 --> 00:36:42,319
Speaker 1: not want the worst of us to be seen by everybody.

731
00:36:42,719 --> 00:36:45,640
Speaker 1: With me, you don't have a choice on that first meeting.

732
00:36:45,760 --> 00:36:47,880
Speaker 1: I mean, honestly, if my clients are paying me to

733
00:36:47,960 --> 00:36:50,960
Speaker 1: be honest with them, because there's not a whole lot

734
00:36:51,000 --> 00:36:52,759
Speaker 1: of other places where they're gonna be honest. They're not

735
00:36:52,760 --> 00:36:55,760
Speaker 1: going to tell family members, they're not going to tell friends.

736
00:36:56,280 --> 00:36:59,000
Speaker 1: People are embarrassed to shame. There's a lot of emotion

737
00:36:59,600 --> 00:37:02,239
Speaker 1: around money. They're not they don't want their friends to

738
00:37:02,239 --> 00:37:04,719
Speaker 1: know how much they make. Let's just be clear that

739
00:37:04,800 --> 00:37:08,640
Speaker 1: there's a lot that we aren't sharing. So accountability can

740
00:37:08,680 --> 00:37:12,000
Speaker 1: only go so far with the people in our circles.

741
00:37:12,000 --> 00:37:13,919
Speaker 1: One of the things that I really enjoy about being

742
00:37:13,920 --> 00:37:17,399
Speaker 1: a coach is that I'm pretty anonymous, if you will,

743
00:37:17,920 --> 00:37:24,120
Speaker 1: And so I'm not going to do I did that

744
00:37:24,160 --> 00:37:26,520
Speaker 1: in the first couple of years. But the cool thing

745
00:37:26,640 --> 00:37:30,520
Speaker 1: is that, um, I could literally have a neighbor as

746
00:37:31,000 --> 00:37:34,319
Speaker 1: a client and we might not even know we're neighbors, right,

747
00:37:34,360 --> 00:37:39,800
Speaker 1: and so um nobody else knows especially, and so yeah,

748
00:37:39,840 --> 00:37:42,399
Speaker 1: so the cool thing is, like that's the other thing

749
00:37:42,520 --> 00:37:45,600
Speaker 1: is I'm asking the hard questions right in the beginning,

750
00:37:46,200 --> 00:37:48,960
Speaker 1: and once we get the hard stuff done, we can

751
00:37:49,000 --> 00:37:52,080
Speaker 1: work through everything else. And I just, you know, really

752
00:37:52,080 --> 00:37:53,680
Speaker 1: have a system of these are the things that we

753
00:37:53,719 --> 00:37:55,840
Speaker 1: talk about and this is what you ought to expect.

754
00:37:55,960 --> 00:37:59,960
Speaker 1: And so in that process is exactly how people really

755
00:38:00,239 --> 00:38:03,800
Speaker 1: get to understand what this looks like and they get

756
00:38:03,920 --> 00:38:07,720
Speaker 1: used to being vulnerable and open. And because I'm a prodder,

757
00:38:07,800 --> 00:38:11,160
Speaker 1: I ask a bunch of questions. Um, they they've got

758
00:38:11,160 --> 00:38:13,440
Speaker 1: to get them answer. And I actually so there have

759
00:38:13,520 --> 00:38:14,840
Speaker 1: been times when I'm like, I think you need to

760
00:38:14,840 --> 00:38:16,839
Speaker 1: see a counselor for that. I think I think that

761
00:38:16,840 --> 00:38:20,000
Speaker 1: that's what makes sense here, and pushing them towards getting

762
00:38:20,120 --> 00:38:23,760
Speaker 1: some actual help from a license therapist. Yes, absolutely, especially

763
00:38:23,800 --> 00:38:26,600
Speaker 1: from you know, in marriage, especially if there's any type

764
00:38:26,600 --> 00:38:29,319
Speaker 1: of emotional challenges that people are having. I've done. I

765
00:38:29,360 --> 00:38:32,680
Speaker 1: did that just recently, because I think that people think

766
00:38:32,719 --> 00:38:36,400
Speaker 1: that if they get the money right, that all of

767
00:38:36,400 --> 00:38:38,560
Speaker 1: these other problems will be okay, like we'll be able

768
00:38:38,560 --> 00:38:40,840
Speaker 1: to communicate. Well, no, actually, I really need you to

769
00:38:40,880 --> 00:38:44,080
Speaker 1: have a solid foundation and communication first, because if we

770
00:38:44,120 --> 00:38:46,520
Speaker 1: start talking about the money, it's just going to uproot

771
00:38:46,719 --> 00:38:49,040
Speaker 1: quite a bit of things. And if you can't work

772
00:38:49,080 --> 00:38:51,400
Speaker 1: through those things behind the scenes, that can be challenging.

773
00:38:51,440 --> 00:38:53,160
Speaker 1: So I know those are things that just a frame

774
00:38:53,239 --> 00:38:57,600
Speaker 1: probably wouldn't say. Yeah, bad money fights, disagreements, how you

775
00:38:57,600 --> 00:39:00,799
Speaker 1: communicate about money like those are all just sen of

776
00:39:01,080 --> 00:39:05,719
Speaker 1: underlying either health or unhealth. Yeah, that's right. And you

777
00:39:06,000 --> 00:39:09,040
Speaker 1: mentioned obviously you're not a marriage therapist, which you know,

778
00:39:09,480 --> 00:39:13,319
Speaker 1: but you have also a lot of wisdom based on

779
00:39:13,800 --> 00:39:16,520
Speaker 1: based on twenty years plus of marriage right and through

780
00:39:16,600 --> 00:39:18,680
Speaker 1: helping hundreds of clients. So I am curious to talk

781
00:39:18,719 --> 00:39:21,960
Speaker 1: to you a little bit about money and relationships. You

782
00:39:22,080 --> 00:39:25,279
Speaker 1: talk to us maybe about having productive money conversations, Like

783
00:39:25,600 --> 00:39:27,640
Speaker 1: what if a couple keeps having the same fight over

784
00:39:27,640 --> 00:39:30,200
Speaker 1: and over, like the same money issue is kind of

785
00:39:30,239 --> 00:39:32,920
Speaker 1: at the root of those arguments. How can they progress

786
00:39:33,239 --> 00:39:36,640
Speaker 1: and get past those just the recurring it feels like

787
00:39:36,640 --> 00:39:38,680
Speaker 1: it's a record on repeat, same thing over and over.

788
00:39:38,920 --> 00:39:41,319
Speaker 1: How can they maybe move forward past just the same

789
00:39:41,400 --> 00:39:46,319
Speaker 1: unproductive money fights. Yeah, well, first of all, any money conversation,

790
00:39:46,880 --> 00:39:50,640
Speaker 1: I encourage people to keep it very short. So we

791
00:39:50,719 --> 00:39:53,799
Speaker 1: are not going to have uh, you know, three hour

792
00:39:53,920 --> 00:39:57,279
Speaker 1: money summit on our frinances on day one. We're not

793
00:39:57,680 --> 00:40:03,000
Speaker 1: exhausting exactly. Um. And so I think where people tend

794
00:40:03,040 --> 00:40:04,520
Speaker 1: to go wrong as they say, oh, we're going to

795
00:40:04,600 --> 00:40:06,960
Speaker 1: get this all together and fix it and blah blah blah,

796
00:40:07,000 --> 00:40:08,879
Speaker 1: and then they wear each other out on day one

797
00:40:08,960 --> 00:40:10,640
Speaker 1: and they don't even come back to it for a

798
00:40:10,640 --> 00:40:13,200
Speaker 1: couple of months because it was so tiring. So do

799
00:40:13,280 --> 00:40:16,080
Speaker 1: yourself a favor and schedule fifteen or twenty minutes and

800
00:40:16,080 --> 00:40:20,279
Speaker 1: talk about one thing the other thing is, and and

801
00:40:20,400 --> 00:40:22,640
Speaker 1: you know ground rules for whatever that one thing is,

802
00:40:22,800 --> 00:40:24,759
Speaker 1: and how do you know how you want to see

803
00:40:24,760 --> 00:40:28,080
Speaker 1: it resolved in that kind of thing and have a takeaway.

804
00:40:28,120 --> 00:40:30,640
Speaker 1: But if you are continuing to have the same fight

805
00:40:30,719 --> 00:40:34,160
Speaker 1: over and over. What I'm hearing is that one or

806
00:40:34,200 --> 00:40:38,759
Speaker 1: both of you are not being heard. So somebody is

807
00:40:38,800 --> 00:40:42,560
Speaker 1: continually bringing up the same subject because they feel unheard,

808
00:40:43,480 --> 00:40:45,759
Speaker 1: or you keep going back to that mountain that you

809
00:40:45,800 --> 00:40:52,360
Speaker 1: can't climb because somebody is not heard. And so um.

810
00:40:52,520 --> 00:40:55,440
Speaker 1: One of the tricks of communication, and this is that

811
00:40:55,640 --> 00:41:00,160
Speaker 1: you know, counselor therapist side is repeat what you believe

812
00:41:00,360 --> 00:41:04,880
Speaker 1: you heard, Like so what I hear you saying is

813
00:41:05,120 --> 00:41:10,680
Speaker 1: blah blah blah, or did you mean blah blah blah?

814
00:41:10,920 --> 00:41:15,279
Speaker 1: Is this correct? Blah blah blah? And then you know,

815
00:41:15,400 --> 00:41:20,040
Speaker 1: the whole point is why are they saying that? Tell

816
00:41:20,080 --> 00:41:23,359
Speaker 1: me more about why that showing up? And and so

817
00:41:23,440 --> 00:41:26,000
Speaker 1: a lot of times with money matters, we take it

818
00:41:26,080 --> 00:41:29,840
Speaker 1: so very personally. We've worked really hard for whatever income

819
00:41:29,880 --> 00:41:34,880
Speaker 1: we're bringing in, or we feel responsible for spending the

820
00:41:34,920 --> 00:41:38,400
Speaker 1: money or taking care of the household or whatever it is.

821
00:41:38,960 --> 00:41:41,920
Speaker 1: And so it's very sensitive for a lot of people

822
00:41:42,080 --> 00:41:45,680
Speaker 1: because it hits at the heart of time that you've

823
00:41:45,680 --> 00:41:48,840
Speaker 1: put into whatever it is. And so we've got to

824
00:41:48,880 --> 00:41:53,200
Speaker 1: really listen. And I think we're not really good at that. UM.

825
00:41:53,200 --> 00:41:56,840
Speaker 1: With social media, the idea that we can fass forward

826
00:41:56,960 --> 00:42:00,040
Speaker 1: or rewind all of our you know, TV shows and

827
00:42:00,040 --> 00:42:03,280
Speaker 1: all of that. We don't have to listen to stuff

828
00:42:03,920 --> 00:42:06,640
Speaker 1: or the sound bites are so short that it doesn't

829
00:42:06,719 --> 00:42:10,200
Speaker 1: leave room for real human connection, and so I think

830
00:42:10,360 --> 00:42:13,560
Speaker 1: that we have to relearn how to do that. But

831
00:42:13,640 --> 00:42:17,760
Speaker 1: I also think we need to not force either party

832
00:42:17,800 --> 00:42:20,799
Speaker 1: because usually there's a money nerd and and there's a

833
00:42:20,800 --> 00:42:24,719
Speaker 1: free spender in this equation, and we don't want the

834
00:42:24,800 --> 00:42:28,400
Speaker 1: nerd to overwhelm the free spirit by this, you know,

835
00:42:28,520 --> 00:42:32,880
Speaker 1: three hour long summit, fifteen or twenty minutes on one topic.

836
00:42:33,120 --> 00:42:35,480
Speaker 1: Let's understand how we're going to get this one thing

837
00:42:35,560 --> 00:42:38,480
Speaker 1: done and then move forward. And I think if people

838
00:42:38,560 --> 00:42:41,319
Speaker 1: will take those couple of tips, they'll really it'll really

839
00:42:41,360 --> 00:42:44,319
Speaker 1: be very helpful. That's so great. Yeah, I mean, you're

840
00:42:44,320 --> 00:42:48,719
Speaker 1: you're talking about being financially naked and vulnerable with your partner, Like,

841
00:42:48,800 --> 00:42:51,520
Speaker 1: how else do you you know you're talking about focusing

842
00:42:51,520 --> 00:42:53,960
Speaker 1: fifteen minutes one topic, you're talking about listening, are there's

843
00:42:53,960 --> 00:42:56,400
Speaker 1: some other ways that you encourage couples to get on

844
00:42:56,440 --> 00:42:59,040
Speaker 1: the same page work together to make this money progress.

845
00:42:59,080 --> 00:43:00,839
Speaker 1: Those are some great tips. I love if you had

846
00:43:00,840 --> 00:43:04,360
Speaker 1: any more? Yeah. Yeah, So my book is called you

847
00:43:04,400 --> 00:43:08,000
Speaker 1: Know and Make It Unashamed for a reason. I think

848
00:43:08,000 --> 00:43:12,160
Speaker 1: it's really important for people to reveal some of the

849
00:43:12,200 --> 00:43:16,959
Speaker 1: things that have made them feel a certain way. Right, So,

850
00:43:17,120 --> 00:43:19,279
Speaker 1: what what have you been ashamed about? What? What do

851
00:43:19,320 --> 00:43:23,000
Speaker 1: you wish you hadn't done? Let's dream together. I think

852
00:43:23,080 --> 00:43:25,719
Speaker 1: one of the biggest ways that we can get on

853
00:43:25,760 --> 00:43:29,680
Speaker 1: the same page as a couple is to dream. What

854
00:43:29,760 --> 00:43:31,359
Speaker 1: do you see five or ten years on the line.

855
00:43:31,440 --> 00:43:33,800
Speaker 1: Let's not talk about the budget today. Let's talk about

856
00:43:33,920 --> 00:43:36,279
Speaker 1: what do you see in the future. What would you

857
00:43:36,360 --> 00:43:39,319
Speaker 1: love to see happen? Is there a business in your heart?

858
00:43:39,840 --> 00:43:41,640
Speaker 1: What do you how do you you know? What? What

859
00:43:41,680 --> 00:43:43,640
Speaker 1: does retirement look like? Would you love to see the

860
00:43:43,719 --> 00:43:46,319
Speaker 1: kids go to college and be able to participate in that? Like?

861
00:43:46,800 --> 00:43:49,480
Speaker 1: What is it that makes your heart light up? And

862
00:43:49,600 --> 00:43:52,319
Speaker 1: get on the same page there. Let's be a cheerleader

863
00:43:52,400 --> 00:43:56,400
Speaker 1: for our partners future. Or let's say, oh my gosh,

864
00:43:56,440 --> 00:43:58,359
Speaker 1: I had no idea we were on the same page there.

865
00:43:58,600 --> 00:44:00,640
Speaker 1: We never talked about it. We don't give ourselves an

866
00:44:00,640 --> 00:44:04,279
Speaker 1: opportunity to think about down the line because we're so

867
00:44:04,360 --> 00:44:08,279
Speaker 1: worried about the things today, and so I think that

868
00:44:08,280 --> 00:44:11,040
Speaker 1: that's a really great way to get on the same page, um,

869
00:44:11,120 --> 00:44:15,000
Speaker 1: and to fully understand what each other wants. Yeah. What

870
00:44:15,160 --> 00:44:16,719
Speaker 1: just a great thing to do as a couple on

871
00:44:16,800 --> 00:44:18,640
Speaker 1: so many levels, but on a money level too, right,

872
00:44:18,800 --> 00:44:22,480
Speaker 1: Like just dreaming together. I think sometimes maybe, especially if

873
00:44:22,520 --> 00:44:25,360
Speaker 1: you've been married for the longer you've been together, sometimes

874
00:44:25,360 --> 00:44:28,920
Speaker 1: it's harder to retain some of the forward looking momentum

875
00:44:28,920 --> 00:44:31,399
Speaker 1: and some of the excitement about the future because you're

876
00:44:31,520 --> 00:44:33,160
Speaker 1: you're in the day to day, especially if you've got

877
00:44:33,440 --> 00:44:35,280
Speaker 1: young kids like Matt and I do. It's like life

878
00:44:35,360 --> 00:44:37,319
Speaker 1: just overwhelms you, and so you have to kind of

879
00:44:37,360 --> 00:44:39,759
Speaker 1: come back to the table and start dreaming together, um,

880
00:44:39,800 --> 00:44:42,680
Speaker 1: and reminding reminding each other about what you love about

881
00:44:42,680 --> 00:44:44,840
Speaker 1: one another, why you're excited to build a life together.

882
00:44:45,280 --> 00:44:46,839
Speaker 1: I mean, I think one of the other things too

883
00:44:46,960 --> 00:44:49,480
Speaker 1: that I'm learning I'm talking with some friends. Not everybody

884
00:44:49,600 --> 00:44:52,279
Speaker 1: are great dreamers, um. I think like Kate and I

885
00:44:52,320 --> 00:44:54,239
Speaker 1: we are very forward looking. And we've talked to some

886
00:44:54,280 --> 00:44:58,359
Speaker 1: other friends and they kind of absorb information around them

887
00:44:58,480 --> 00:45:00,560
Speaker 1: in retrospect, and so they're able to live in the

888
00:45:00,600 --> 00:45:02,480
Speaker 1: moment and see what they need to do now, or

889
00:45:02,520 --> 00:45:04,280
Speaker 1: they're able to kind of look back on their past

890
00:45:04,760 --> 00:45:06,880
Speaker 1: and so hard time looking forward. Yeah, yeah, And so

891
00:45:06,920 --> 00:45:08,759
Speaker 1: I think it can be difficult sometimes to kind of

892
00:45:08,800 --> 00:45:11,520
Speaker 1: cast that vision look ahead, ask that question, what do

893
00:45:11,560 --> 00:45:13,359
Speaker 1: you want to do in five ten years? And so

894
00:45:13,440 --> 00:45:15,239
Speaker 1: I guess what I want to highlight here is the

895
00:45:15,239 --> 00:45:17,800
Speaker 1: fact that it might take some work to do this dreaming.

896
00:45:18,000 --> 00:45:19,239
Speaker 1: And I think there might be a lot of folks

897
00:45:19,239 --> 00:45:21,920
Speaker 1: out there who are saying, I don't know what you

898
00:45:22,000 --> 00:45:24,319
Speaker 1: talking about? What do I want to dream about? Uh?

899
00:45:24,320 --> 00:45:26,080
Speaker 1: And so for those folks it might take a little

900
00:45:26,120 --> 00:45:28,200
Speaker 1: longer than just asking that question, but to actually spend

901
00:45:28,239 --> 00:45:30,319
Speaker 1: some time thinking about what they want their life to

902
00:45:30,320 --> 00:45:34,440
Speaker 1: look like. Well, and I think there's spun and experimentation,

903
00:45:34,840 --> 00:45:37,080
Speaker 1: so it may not be five years down the line.

904
00:45:37,120 --> 00:45:39,560
Speaker 1: I'm getting ready to be an empty nests in about

905
00:45:39,600 --> 00:45:42,320
Speaker 1: three months, both of them to be out of the house,

906
00:45:43,040 --> 00:45:48,160
Speaker 1: and my dreaming session is really about who does Erica

907
00:45:48,160 --> 00:45:51,839
Speaker 1: want to be now, and what are the hobbies that

908
00:45:52,000 --> 00:45:55,000
Speaker 1: will be uniquely my own? And what am I going

909
00:45:55,040 --> 00:45:56,439
Speaker 1: to get out of the house to go do since

910
00:45:56,480 --> 00:45:59,799
Speaker 1: I don't have high school events or a kid coming

911
00:46:00,080 --> 00:46:02,120
Speaker 1: um and things like that, and what are me and

912
00:46:02,160 --> 00:46:05,160
Speaker 1: my husband going to do together? So my dreaming really

913
00:46:05,239 --> 00:46:08,880
Speaker 1: isn't about retirement. At this point, we feel pretty confident

914
00:46:08,920 --> 00:46:11,520
Speaker 1: that we're going to be fine. But now like it's

915
00:46:11,640 --> 00:46:13,760
Speaker 1: it's about how are we going to enjoy one another

916
00:46:13,840 --> 00:46:16,319
Speaker 1: and how are we going to enjoy ourselves our life

917
00:46:16,320 --> 00:46:18,279
Speaker 1: that we get to create. Now that they're doing their

918
00:46:18,360 --> 00:46:20,879
Speaker 1: thing like that, you've got to kind of reassess those

919
00:46:20,920 --> 00:46:23,520
Speaker 1: as different life stages take home and you're entering a

920
00:46:23,560 --> 00:46:27,000
Speaker 1: completely new one. That's right, Absolutely well, congratulations to you

921
00:46:27,040 --> 00:46:29,239
Speaker 1: on that. And since you are last question before you

922
00:46:29,239 --> 00:46:33,759
Speaker 1: hear Erica, you have successfully raised kids to the point

923
00:46:33,760 --> 00:46:37,440
Speaker 1: where they can leave and you know not have to

924
00:46:37,480 --> 00:46:39,480
Speaker 1: hopefully move back into your basement. I guess I want

925
00:46:39,480 --> 00:46:43,280
Speaker 1: to I want to know how you involve your kids

926
00:46:43,440 --> 00:46:45,320
Speaker 1: in money conversations throughout the years, Like, how did that

927
00:46:45,360 --> 00:46:48,160
Speaker 1: work for you? How do you how do you advise

928
00:46:48,239 --> 00:46:51,799
Speaker 1: other people to include their children when they're talking about money,

929
00:46:51,840 --> 00:46:54,600
Speaker 1: because I grew up in a household where I heard

930
00:46:54,640 --> 00:46:58,120
Speaker 1: money arguments are heard very little in sort of positive

931
00:46:58,120 --> 00:47:01,240
Speaker 1: money reinforcement. But then there are people who are maybe

932
00:47:01,520 --> 00:47:04,919
Speaker 1: to forthright with their kids about the finances. So, yeah,

933
00:47:04,920 --> 00:47:06,840
Speaker 1: do you have kind of, um a strategy or a

934
00:47:06,880 --> 00:47:08,719
Speaker 1: way that you help people think about what it looks

935
00:47:08,719 --> 00:47:12,120
Speaker 1: like to include their kids and money, money decisions and combos. Yeah,

936
00:47:12,200 --> 00:47:15,040
Speaker 1: so I think it's really good to make money normal,

937
00:47:15,239 --> 00:47:18,239
Speaker 1: like normalize the whole conversation all throughout their lives, so

938
00:47:18,640 --> 00:47:21,080
Speaker 1: age appropriate. Obviously, you don't need to tell your two

939
00:47:21,160 --> 00:47:23,600
Speaker 1: year old, oh my gosh, we have this much for retirement, right,

940
00:47:23,600 --> 00:47:27,399
Speaker 1: Like we're not talking that, but making normal. Um. So,

941
00:47:27,480 --> 00:47:29,440
Speaker 1: for instance, if you're going to get ice cream, it's

942
00:47:29,480 --> 00:47:31,799
Speaker 1: totally fine to to let the two year old hand

943
00:47:31,840 --> 00:47:35,040
Speaker 1: the five dollar bill over that kind of stuff. It's normal,

944
00:47:35,120 --> 00:47:38,279
Speaker 1: it's not. And I think it's nowadays we have to

945
00:47:38,280 --> 00:47:42,120
Speaker 1: be very intentional because we don't use cash all the time,

946
00:47:42,120 --> 00:47:45,319
Speaker 1: and so sometimes those are the things that are age appropriate.

947
00:47:45,440 --> 00:47:49,000
Speaker 1: That would be great to be intentional. Um as they

948
00:47:49,040 --> 00:47:51,719
Speaker 1: get older, give them more responsibility to you know, work

949
00:47:51,840 --> 00:47:55,760
Speaker 1: in reward, you know, chores, and and having them to

950
00:47:55,760 --> 00:47:58,640
Speaker 1: to learn their own how to manage their own money

951
00:47:58,640 --> 00:48:01,479
Speaker 1: and things like that, and then when they get a job.

952
00:48:01,520 --> 00:48:04,080
Speaker 1: I think it's super important for teenagers to get a job.

953
00:48:04,640 --> 00:48:08,480
Speaker 1: I think that balancing act in high school is very

954
00:48:08,560 --> 00:48:12,520
Speaker 1: valuable and my husband and I. We basically said, we'll

955
00:48:12,560 --> 00:48:14,640
Speaker 1: pay half on your car, you pay the other half.

956
00:48:14,680 --> 00:48:18,160
Speaker 1: You earn the money to pay the other half. And um,

957
00:48:18,280 --> 00:48:20,560
Speaker 1: they both did it. And they both have vehicles that

958
00:48:20,640 --> 00:48:22,920
Speaker 1: they you know, my oldest she kept her vehicle for

959
00:48:22,960 --> 00:48:26,239
Speaker 1: four years through um, you or six years actually the

960
00:48:26,239 --> 00:48:28,760
Speaker 1: rest of high school and college. And my my youngest

961
00:48:28,800 --> 00:48:32,040
Speaker 1: is doing the same right now. Um and so. But

962
00:48:32,160 --> 00:48:34,920
Speaker 1: the biggest conversation that I think parents need to have

963
00:48:35,560 --> 00:48:39,320
Speaker 1: if you have made money a normal thing to discuss

964
00:48:39,440 --> 00:48:43,680
Speaker 1: along the way, is when they are a sophomore or

965
00:48:43,719 --> 00:48:45,600
Speaker 1: a junior in high school and you began to talk

966
00:48:45,640 --> 00:48:49,120
Speaker 1: about what's next, if college is next, you really need

967
00:48:49,160 --> 00:48:51,600
Speaker 1: to let them know what you are willing to do,

968
00:48:51,760 --> 00:48:54,359
Speaker 1: what you are capable of doing in terms of helping them,

969
00:48:55,080 --> 00:48:57,200
Speaker 1: or what it is and or I should say what

970
00:48:57,239 --> 00:48:59,160
Speaker 1: it is they need to do in order to make

971
00:48:59,280 --> 00:49:03,200
Speaker 1: their call it you know, goal of reality. It's really

972
00:49:03,280 --> 00:49:06,920
Speaker 1: hard to have a conversation about hundreds of thousands of

973
00:49:06,960 --> 00:49:10,680
Speaker 1: dollars if you haven't laid that foundation early and then

974
00:49:10,840 --> 00:49:15,319
Speaker 1: also set the expectation of we we will spend this

975
00:49:15,480 --> 00:49:18,160
Speaker 1: much on it, or we can't help at all, or

976
00:49:18,200 --> 00:49:21,759
Speaker 1: whatever it is. Be honest, because I think that is

977
00:49:21,800 --> 00:49:24,959
Speaker 1: the biggest impact for the rest of their lives, whether

978
00:49:25,040 --> 00:49:26,759
Speaker 1: or not they're going to have student loan debt or not,

979
00:49:27,440 --> 00:49:29,600
Speaker 1: or what it is that they need to do in

980
00:49:29,719 --> 00:49:31,600
Speaker 1: order for them to be able to go to school

981
00:49:31,640 --> 00:49:34,040
Speaker 1: for free or do something different. And so I think

982
00:49:34,400 --> 00:49:37,320
Speaker 1: that's the biggest financial impact. But again, if you've made

983
00:49:37,719 --> 00:49:42,759
Speaker 1: that foundation along the way, talking about money isn't scary. Um,

984
00:49:43,120 --> 00:49:45,239
Speaker 1: tell them about my kids knew we were getting out

985
00:49:45,239 --> 00:49:47,839
Speaker 1: of debt. They knew when they were young. Um, they

986
00:49:47,920 --> 00:49:51,640
Speaker 1: knew what the difference between debt and debit was. And

987
00:49:51,840 --> 00:49:55,160
Speaker 1: so those kinds of things are very helpful and build

988
00:49:55,160 --> 00:49:58,640
Speaker 1: that foundation for I want to get out of college

989
00:49:58,760 --> 00:50:02,840
Speaker 1: without debt because as my parents didn't do it, and

990
00:50:03,600 --> 00:50:06,920
Speaker 1: my oldest is graduating on Saturday and she's got no

991
00:50:07,040 --> 00:50:10,120
Speaker 1: debt to speak of, and so I think it's really

992
00:50:10,160 --> 00:50:14,040
Speaker 1: important that we, you know, build that foundation so that

993
00:50:14,280 --> 00:50:17,840
Speaker 1: you know, their biggest opportunity to make a difference in

994
00:50:17,840 --> 00:50:22,239
Speaker 1: their future does not come with strings. Attach that's right. Yeah,

995
00:50:22,280 --> 00:50:25,200
Speaker 1: it is hard to have those those big ticket items

996
00:50:25,280 --> 00:50:27,400
Speaker 1: when you haven't even talked about the day to day.

997
00:50:27,840 --> 00:50:30,960
Speaker 1: I love that that's that's so good. Um, have those conversations.

998
00:50:31,000 --> 00:50:33,560
Speaker 1: Make money conversations normal, and make money normal. That's what

999
00:50:33,560 --> 00:50:35,359
Speaker 1: you're trying to do here, Erica. That's what we're doing

1000
00:50:35,400 --> 00:50:38,319
Speaker 1: here with how the money. We really appreciate you coming

1001
00:50:38,320 --> 00:50:41,360
Speaker 1: on the show and sharing all these nuggets of wisdom

1002
00:50:41,480 --> 00:50:44,560
Speaker 1: and just your experience with our listeners. Uh. If folks

1003
00:50:44,560 --> 00:50:46,520
Speaker 1: wanted to learn more about you, what you're up to

1004
00:50:46,960 --> 00:50:50,000
Speaker 1: your coaching business as well, where should they head? Yeah? So,

1005
00:50:50,080 --> 00:50:52,279
Speaker 1: Taylor Made budget dot Com is the place to find me.

1006
00:50:52,360 --> 00:50:54,680
Speaker 1: I'm on Instagram as well on Tailor Made Budgets, and

1007
00:50:54,719 --> 00:50:58,080
Speaker 1: I love to interact with people individually on LinkedIn as well.

1008
00:50:58,160 --> 00:51:00,719
Speaker 1: You can find me there at Erica young Erica, You're

1009
00:51:00,719 --> 00:51:02,319
Speaker 1: the best. Thank you so much for joining us. We

1010
00:51:02,360 --> 00:51:05,120
Speaker 1: really appreciate it. Thank you for having me all right, Matt,

1011
00:51:05,120 --> 00:51:08,200
Speaker 1: that was a phenomenal conversation with eric on so much

1012
00:51:08,320 --> 00:51:12,080
Speaker 1: good information, so much wisdom, and we covered just a

1013
00:51:12,160 --> 00:51:14,360
Speaker 1: range of topics. We've really talked about money coaching to

1014
00:51:14,440 --> 00:51:16,840
Speaker 1: that extent before, we haven't, but she made a compelling

1015
00:51:16,880 --> 00:51:20,719
Speaker 1: case for hiring someone who is in your corner, who

1016
00:51:20,800 --> 00:51:22,880
Speaker 1: isn't your best friend. So I don't know, I'm curious

1017
00:51:22,920 --> 00:51:24,359
Speaker 1: to hear from you, what was your big takeaway from

1018
00:51:24,360 --> 00:51:26,400
Speaker 1: this COMBA, It was related to that. So around the

1019
00:51:26,480 --> 00:51:29,239
Speaker 1: end is when she was talking about like what we

1020
00:51:29,239 --> 00:51:31,239
Speaker 1: were asking her about the trade offs that we make

1021
00:51:31,280 --> 00:51:33,719
Speaker 1: in life and how does she walk someone through the

1022
00:51:33,800 --> 00:51:36,960
Speaker 1: different expenses that they're facing in life. And basically what

1023
00:51:37,080 --> 00:51:39,799
Speaker 1: she was saying and what she said she does is

1024
00:51:39,840 --> 00:51:43,000
Speaker 1: that she questions everything, right, and so it's like okay,

1025
00:51:43,120 --> 00:51:45,520
Speaker 1: And specifically the question she she brought up was what

1026
00:51:45,719 --> 00:51:47,640
Speaker 1: value is this bringing to your life? I think I said,

1027
00:51:47,680 --> 00:51:52,080
Speaker 1: how is this serving you? Yeah? That is what? Yeah.

1028
00:51:52,120 --> 00:51:54,760
Speaker 1: But by questioning everything like that, I think it puts

1029
00:51:54,760 --> 00:51:57,680
Speaker 1: everything on the table, like everything has the potential to

1030
00:51:57,719 --> 00:52:00,759
Speaker 1: be asked. And I think oftentimes w there we are

1031
00:52:00,800 --> 00:52:03,399
Speaker 1: trying to d I y our own budget, or maybe

1032
00:52:03,400 --> 00:52:06,080
Speaker 1: before we're working with a partner, but sometimes there are

1033
00:52:06,120 --> 00:52:08,840
Speaker 1: certain things that we're not willing to even address. But

1034
00:52:08,880 --> 00:52:11,400
Speaker 1: when she steps into the equation, she is asking everything,

1035
00:52:11,440 --> 00:52:13,879
Speaker 1: like you said, how is this serving you? And if

1036
00:52:13,880 --> 00:52:16,359
Speaker 1: you don't have a good answer, then it is worth

1037
00:52:16,400 --> 00:52:18,680
Speaker 1: considering removing that from your life. If you're looking to

1038
00:52:18,719 --> 00:52:20,600
Speaker 1: catch your expenses, if you're looking to climb at a

1039
00:52:20,640 --> 00:52:23,400
Speaker 1: debt that is the fastest way to do that. You

1040
00:52:23,440 --> 00:52:25,680
Speaker 1: don't have to dedicate more time to earning more money

1041
00:52:25,880 --> 00:52:27,920
Speaker 1: to pay off that debt. Let's let's just start slashing

1042
00:52:27,960 --> 00:52:30,680
Speaker 1: some of these expenses. The reason why we always lead

1043
00:52:31,120 --> 00:52:33,800
Speaker 1: lead into our interviews by asking what is your craft

1044
00:52:33,840 --> 00:52:36,399
Speaker 1: beer equivalent? Because there are things that we spend money on,

1045
00:52:36,640 --> 00:52:38,919
Speaker 1: but there should always be a good reason why it

1046
00:52:39,040 --> 00:52:41,279
Speaker 1: is that we spend money on those things. And so

1047
00:52:41,360 --> 00:52:43,399
Speaker 1: I love that that's something that she asks. But yeah,

1048
00:52:43,400 --> 00:52:44,879
Speaker 1: how about you, man, what is your big dick away? Okay?

1049
00:52:44,920 --> 00:52:46,480
Speaker 1: So I love when she said that you need to

1050
00:52:46,520 --> 00:52:50,439
Speaker 1: face where you are and there there's the reality check. Yeah,

1051
00:52:50,440 --> 00:52:51,440
Speaker 1: and so I said to be like, I need to

1052
00:52:51,440 --> 00:52:53,920
Speaker 1: lose twenty pounds because I think I'm twenty pounds overweight.

1053
00:52:54,120 --> 00:52:56,160
Speaker 1: If you're really fifty pounds overweight, like you need to

1054
00:52:56,200 --> 00:52:57,919
Speaker 1: face the actual fact. You need to face the number

1055
00:52:58,000 --> 00:53:01,120
Speaker 1: on the scale so that you can then make a

1056
00:53:01,160 --> 00:53:03,680
Speaker 1: decent decision about where you need to go move from here.

1057
00:53:03,920 --> 00:53:05,520
Speaker 1: How are you supposed to lose sym pounds if you

1058
00:53:05,560 --> 00:53:07,600
Speaker 1: don't even have a scale or if you're you're refused

1059
00:53:07,640 --> 00:53:09,839
Speaker 1: to get on it exactly. And so you know, one

1060
00:53:09,880 --> 00:53:11,440
Speaker 1: of the things that she said, is signs that you

1061
00:53:11,480 --> 00:53:14,400
Speaker 1: might need a financial coach is if your debt level

1062
00:53:14,440 --> 00:53:16,880
Speaker 1: hasn't moved, if you're not making any progress, or if

1063
00:53:16,880 --> 00:53:19,359
Speaker 1: you're following victim to wishful thinking. And I thought those

1064
00:53:19,400 --> 00:53:21,880
Speaker 1: were all really good things to to help people know

1065
00:53:21,960 --> 00:53:24,759
Speaker 1: when they need outside help. It's like a right, are

1066
00:53:24,760 --> 00:53:28,520
Speaker 1: you just like believing overly optimistically? Maybe like I do

1067
00:53:28,600 --> 00:53:32,000
Speaker 1: sometimes on on things not not necessarily money related. I

1068
00:53:32,040 --> 00:53:35,560
Speaker 1: can be overly optimistic about my future, and I love

1069
00:53:35,960 --> 00:53:37,480
Speaker 1: the fact that I'm an optimist, but there are times

1070
00:53:37,520 --> 00:53:39,000
Speaker 1: when I do need to live in reality a little

1071
00:53:39,000 --> 00:53:42,120
Speaker 1: bit more. And so maybe if you're falling victim to that,

1072
00:53:42,160 --> 00:53:44,120
Speaker 1: if you constantly think, well, I'm going to do this,

1073
00:53:44,120 --> 00:53:46,000
Speaker 1: this is gonna happen. I'm getting there, but you're not

1074
00:53:46,000 --> 00:53:48,520
Speaker 1: actually getting anywhere. The numbers don't indicate that you're making

1075
00:53:48,520 --> 00:53:52,080
Speaker 1: any progress. That might be that might indicate that you

1076
00:53:52,160 --> 00:53:55,080
Speaker 1: need some sort of financial coach in your life in

1077
00:53:55,200 --> 00:53:57,920
Speaker 1: order to help you make some progress and point out

1078
00:53:57,960 --> 00:54:00,319
Speaker 1: maybe some of those flaws in your thinking or in

1079
00:54:00,360 --> 00:54:02,239
Speaker 1: some of your behavior. So I don't know, I think

1080
00:54:02,239 --> 00:54:04,200
Speaker 1: that's a good call, and I do think a financial coach.

1081
00:54:04,400 --> 00:54:07,000
Speaker 1: Sometimes people think I need a financial planner, well, a

1082
00:54:07,040 --> 00:54:10,680
Speaker 1: financial coach is actually completely different and probably from most folks.

1083
00:54:10,840 --> 00:54:13,760
Speaker 1: What they need is a financial coach, not a financial planner.

1084
00:54:13,800 --> 00:54:16,160
Speaker 1: It's not about growing your investments to the sky. It's

1085
00:54:16,239 --> 00:54:19,359
Speaker 1: literally about changing some of those habits and behaviors and

1086
00:54:19,440 --> 00:54:21,319
Speaker 1: kind of focusing on some of those everyday things. And

1087
00:54:21,360 --> 00:54:24,520
Speaker 1: guess what, financial coaches are typically quite a bit less

1088
00:54:24,520 --> 00:54:27,440
Speaker 1: expensive too, So I do think financial coaches are one

1089
00:54:27,440 --> 00:54:30,960
Speaker 1: of those things that are underrepresented and and and probably

1090
00:54:30,960 --> 00:54:32,799
Speaker 1: could help a whole lot more folks. So yeah, first,

1091
00:54:32,840 --> 00:54:34,600
Speaker 1: for folks who find themselves, I think in a position

1092
00:54:35,239 --> 00:54:38,840
Speaker 1: like this, I think a financial coach is probably a

1093
00:54:38,840 --> 00:54:41,080
Speaker 1: really good place to turn. Totally. Yeah, a financial coach

1094
00:54:41,080 --> 00:54:42,680
Speaker 1: can help you to get where I want to be.

1095
00:54:43,239 --> 00:54:45,440
Speaker 1: And I swear we never do this, but we don't

1096
00:54:45,480 --> 00:54:48,360
Speaker 1: often try to coordinate our beers with the topic of

1097
00:54:48,400 --> 00:54:50,560
Speaker 1: the show. We just think about the style of beer

1098
00:54:50,600 --> 00:54:52,759
Speaker 1: we want to enjoy. But literally, the name of the

1099
00:54:52,800 --> 00:54:54,719
Speaker 1: beer we're drinking today is where I want to be.

1100
00:54:55,120 --> 00:54:58,640
Speaker 1: This is by Deciduous Brewing Company. This is a hazy

1101
00:54:59,280 --> 00:55:03,080
Speaker 1: New England style. I p a jel your thoughts man, robust, hop,

1102
00:55:03,200 --> 00:55:06,120
Speaker 1: goodness are the words I wrote down it was a

1103
00:55:06,200 --> 00:55:08,880
Speaker 1: great middle of the road hazy. I p A nothing

1104
00:55:09,040 --> 00:55:11,840
Speaker 1: over the top, but nothing underwhelming. It left me just feeling,

1105
00:55:12,360 --> 00:55:15,160
Speaker 1: you know, just happy, like Goldilock style, the perfect Tampa,

1106
00:55:15,239 --> 00:55:17,520
Speaker 1: the perfect beer right here. I loved it. That's right, man.

1107
00:55:17,560 --> 00:55:20,000
Speaker 1: It was just right, not too hazy, but not too

1108
00:55:20,200 --> 00:55:23,160
Speaker 1: perfectly clear West Coast style. I p A h nice

1109
00:55:23,200 --> 00:55:25,440
Speaker 1: and sweet with some of that hop sharpness going on

1110
00:55:25,800 --> 00:55:29,000
Speaker 1: a fantastic brew that we've never heard of before, deciduous.

1111
00:55:29,160 --> 00:55:31,520
Speaker 1: We'll be sure to check out more beers from them.

1112
00:55:31,560 --> 00:55:33,880
Speaker 1: If you've had some other beers, maybe reach out to us,

1113
00:55:33,920 --> 00:55:36,480
Speaker 1: let us know what other beers we should be checking out,

1114
00:55:35,960 --> 00:55:38,520
Speaker 1: because we just started getting their stuff here in Atlanta.

1115
00:55:38,680 --> 00:55:40,040
Speaker 1: So I saw him on the shelf, I was like, okay,

1116
00:55:40,080 --> 00:55:41,799
Speaker 1: all right, worth a try for sure, and this one

1117
00:55:41,800 --> 00:55:44,279
Speaker 1: at least didn't disappoint, that's right. Yeah. So you can

1118
00:55:44,280 --> 00:55:45,920
Speaker 1: find show notes up on the website at how to

1119
00:55:45,960 --> 00:55:48,440
Speaker 1: money dot com along with a picture of this beer,

1120
00:55:48,800 --> 00:55:50,560
Speaker 1: and we also make sure to link to Eric's book

1121
00:55:50,600 --> 00:55:52,920
Speaker 1: that we mentioned during this episode as well as her sites.

1122
00:55:53,200 --> 00:55:54,960
Speaker 1: You can find all of that at how the Money

1123
00:55:55,080 --> 00:55:57,240
Speaker 1: dot com. Joel, that's gonna be it for today Buddy

1124
00:55:57,320 --> 00:56:01,880
Speaker 1: until next time. Best friends out, best friends out m