1 00:00:00,280 --> 00:00:04,000 Speaker 1: Let's make this the year that we finally start asking 2 00:00:04,040 --> 00:00:08,639 Speaker 1: those hard questions about ourselves. What we are truly trying 3 00:00:08,640 --> 00:00:11,680 Speaker 1: to accomplish with our money, Why we spend the money 4 00:00:11,680 --> 00:00:14,120 Speaker 1: that we do, Why do we go into debt in 5 00:00:14,200 --> 00:00:18,120 Speaker 1: the first place? Not just paying off debt, but understanding 6 00:00:18,239 --> 00:00:21,680 Speaker 1: these deeper things that are happening inside of ourselves with 7 00:00:21,680 --> 00:00:25,360 Speaker 1: their emotions, but not only that, giving ourselves permission to 8 00:00:25,440 --> 00:00:26,520 Speaker 1: answer honestly. 9 00:00:41,440 --> 00:00:45,440 Speaker 2: Hey everyone, Emily here coming to you from the AG Studio. 10 00:00:45,720 --> 00:00:48,320 Speaker 2: You are listening to Hurdle a While on this Focus 11 00:00:48,360 --> 00:00:51,040 Speaker 2: podcast where I connect with everyone from your favorite athletes 12 00:00:51,080 --> 00:00:54,320 Speaker 2: to top experts and industry CEOs about their highest highs, 13 00:00:54,600 --> 00:00:58,280 Speaker 2: toughest moments, and everything in between. We all go through 14 00:00:58,320 --> 00:01:00,920 Speaker 2: hurdles in life, and my goal through these discussions is 15 00:01:00,960 --> 00:01:04,000 Speaker 2: to empower you to better navigate yours and move with 16 00:01:04,080 --> 00:01:06,760 Speaker 2: intention so that you can stride towards your own big 17 00:01:06,800 --> 00:01:11,160 Speaker 2: potential and of course have some fun along the way. 18 00:01:11,680 --> 00:01:12,880 Speaker 3: For Hurdle Moment, this. 19 00:01:12,840 --> 00:01:16,520 Speaker 2: Week, I am bringing in a money expert and her 20 00:01:16,600 --> 00:01:20,640 Speaker 2: name is Kmiko Love. You may recognize her because you 21 00:01:20,760 --> 00:01:22,480 Speaker 2: follow her on social. 22 00:01:22,120 --> 00:01:23,759 Speaker 3: One of her millions of followers. 23 00:01:24,040 --> 00:01:27,200 Speaker 2: Over at the Budget mom or perhaps you're just a 24 00:01:27,240 --> 00:01:31,040 Speaker 2: dedicated to hurdler because Comiko has been on the show before. 25 00:01:31,440 --> 00:01:33,600 Speaker 2: The last time she came on, we talked all about 26 00:01:33,640 --> 00:01:37,120 Speaker 2: financial wellness and we're back to do it together again 27 00:01:37,480 --> 00:01:40,840 Speaker 2: in honor of the fact that Kamiko is launching her 28 00:01:40,959 --> 00:01:43,679 Speaker 2: new book this week. The book is called My Money, 29 00:01:43,800 --> 00:01:46,479 Speaker 2: My Way, and that is exactly what you're talking about. 30 00:01:46,720 --> 00:01:48,720 Speaker 3: In today's Hurdle Moment episode. 31 00:01:48,360 --> 00:01:51,680 Speaker 2: We are chatting about how to be smarter about your 32 00:01:51,760 --> 00:01:54,760 Speaker 2: money in twenty twenty two. Like a lot of the 33 00:01:55,280 --> 00:01:58,320 Speaker 2: gosh difficulties that we go through, right, nothing can be 34 00:01:58,360 --> 00:02:01,880 Speaker 2: done until you admit to you yourself where you're at. 35 00:02:02,000 --> 00:02:04,880 Speaker 2: Maybe you are navigating debt, maybe you want to get 36 00:02:04,920 --> 00:02:08,200 Speaker 2: into investing, Maybe you want to be better about saving, 37 00:02:08,400 --> 00:02:10,920 Speaker 2: maybe you want to be better at spending only cash. 38 00:02:11,040 --> 00:02:14,240 Speaker 2: I mean, God, the financial goals, they are abundant. But 39 00:02:14,639 --> 00:02:17,440 Speaker 2: Kamiko says in today's episode that when you recognize where 40 00:02:17,440 --> 00:02:20,040 Speaker 2: you're at, then you can really focus on where you 41 00:02:20,080 --> 00:02:23,080 Speaker 2: want to go. We talk about her best practice tips 42 00:02:23,440 --> 00:02:25,040 Speaker 2: for everything from. 43 00:02:24,880 --> 00:02:27,000 Speaker 3: Investing to budgeting. 44 00:02:27,320 --> 00:02:30,400 Speaker 2: I just was sitting here behind the microphone listening to 45 00:02:30,440 --> 00:02:33,560 Speaker 2: her at moments, being like, you are such a wealth 46 00:02:33,600 --> 00:02:37,799 Speaker 2: of knowledge, and I just felt excited, invigorated to bring 47 00:02:37,840 --> 00:02:41,119 Speaker 2: it to all of you. So grateful for Kmiko's time again, 48 00:02:41,240 --> 00:02:43,920 Speaker 2: excited for her new book, My Money, My Way. I 49 00:02:43,919 --> 00:02:45,520 Speaker 2: will make sure to link to that in the show 50 00:02:45,560 --> 00:02:48,440 Speaker 2: notes and let me know if you love this kind 51 00:02:48,480 --> 00:02:51,320 Speaker 2: of content. I'm always thinking about different aspects of wellness, 52 00:02:51,320 --> 00:02:54,119 Speaker 2: ones that you may not focus on so much. Here 53 00:02:54,280 --> 00:02:56,120 Speaker 2: in the feed I want to be bringing you the 54 00:02:56,120 --> 00:02:58,560 Speaker 2: stuff that you find helpful, the stuff that you really enjoy, 55 00:02:58,760 --> 00:03:01,720 Speaker 2: So make sure to tag show over on social with 56 00:03:01,760 --> 00:03:04,160 Speaker 2: that feedback. It's over at Hurdle podcast. I am over 57 00:03:04,240 --> 00:03:07,080 Speaker 2: at Emily a Body, and I do want to say 58 00:03:07,120 --> 00:03:08,960 Speaker 2: a huge thank you to everyone who has taken the 59 00:03:09,040 --> 00:03:12,320 Speaker 2: time to or view the show over in Apple Podcasts 60 00:03:12,400 --> 00:03:14,800 Speaker 2: or whatever you get your podcast. I've been seeing a 61 00:03:14,840 --> 00:03:17,560 Speaker 2: lot of good stuff in there lately. Give it five stars. 62 00:03:17,840 --> 00:03:20,440 Speaker 2: Show the world your love, your appreciation being a hurdler. 63 00:03:20,800 --> 00:03:24,760 Speaker 2: It means the world. And I yeah, that's it, just 64 00:03:24,760 --> 00:03:26,280 Speaker 2: a little love letter from me to you. 65 00:03:26,720 --> 00:03:27,400 Speaker 1: That's it for now. 66 00:03:27,440 --> 00:03:41,520 Speaker 3: With that, let's get to hurdling today. 67 00:03:41,680 --> 00:03:44,720 Speaker 2: I am sitting down with Kamiko Love. She is a 68 00:03:44,760 --> 00:03:47,200 Speaker 2: friend of the pod that are known to so many 69 00:03:47,240 --> 00:03:49,080 Speaker 2: as the budget mom, how you doing today? 70 00:03:49,600 --> 00:03:49,880 Speaker 1: Good? 71 00:03:50,200 --> 00:03:54,400 Speaker 2: Doing good, doing good. I am amped to bring you 72 00:03:54,440 --> 00:03:56,640 Speaker 2: back for a few reasons. The first reason, the first 73 00:03:56,640 --> 00:03:58,400 Speaker 2: time you were on the show, I got so much 74 00:03:58,920 --> 00:04:02,520 Speaker 2: great feedback, really appreciated all the tips that you had 75 00:04:02,560 --> 00:04:04,520 Speaker 2: to give us about financial wellness. I'll make sure to 76 00:04:04,560 --> 00:04:07,040 Speaker 2: link to that episode here in the show notes. But 77 00:04:07,600 --> 00:04:10,600 Speaker 2: big news, you have a book coming out soon called 78 00:04:10,680 --> 00:04:13,960 Speaker 2: My Money, My Way. How does it feel to be 79 00:04:14,080 --> 00:04:17,680 Speaker 2: able to soon add author to all of your things? 80 00:04:18,480 --> 00:04:22,320 Speaker 1: Well, it's overwhelming, for sure, and it's it's funny because 81 00:04:22,440 --> 00:04:25,280 Speaker 1: I never believed in a million years that I would 82 00:04:25,360 --> 00:04:28,760 Speaker 1: ever write a book. So funny fact about me, I 83 00:04:28,880 --> 00:04:33,440 Speaker 1: actually don't enjoy writing. I you know, it's a I've 84 00:04:33,520 --> 00:04:37,159 Speaker 1: never been a great writer. I've always been able to 85 00:04:37,680 --> 00:04:40,719 Speaker 1: I'm much more of a speaker. Yeah, so when I like, 86 00:04:40,839 --> 00:04:43,599 Speaker 1: I'm able to portray the emotion that I really want 87 00:04:43,640 --> 00:04:46,680 Speaker 1: to connect with people through speaking rather than writing. So 88 00:04:46,760 --> 00:04:49,520 Speaker 1: that definitely was a challenge. But I am so excited 89 00:04:49,560 --> 00:04:52,040 Speaker 1: that it's finally here, it's done. And you know, writing 90 00:04:52,080 --> 00:04:54,320 Speaker 1: a book is a big process. It's it takes a 91 00:04:54,360 --> 00:04:57,159 Speaker 1: really long time, and it's definitely something one of the 92 00:04:57,200 --> 00:05:02,000 Speaker 1: hardest things I've ever done. But I'm so glad we 93 00:05:02,120 --> 00:05:04,280 Speaker 1: did it. And I decided to do it because this 94 00:05:04,360 --> 00:05:07,599 Speaker 1: is ultimately for you know, changing lives, and that was 95 00:05:07,640 --> 00:05:09,960 Speaker 1: really the mission of the book. So I'm I'm just 96 00:05:10,040 --> 00:05:11,320 Speaker 1: overwhelmed and excited. 97 00:05:11,600 --> 00:05:11,920 Speaker 3: Wow. 98 00:05:12,000 --> 00:05:13,599 Speaker 2: So you say it takes a long time for you, 99 00:05:13,680 --> 00:05:15,680 Speaker 2: When did you start this whole process? 100 00:05:16,080 --> 00:05:20,000 Speaker 1: So we started about a year and a half ago. Really, Yes, 101 00:05:20,200 --> 00:05:23,119 Speaker 1: it was La Litla after the pandemic, when that really 102 00:05:23,160 --> 00:05:26,000 Speaker 1: started firing up and we were going into our first lockdown. 103 00:05:27,040 --> 00:05:30,280 Speaker 1: And you know, for years, my community has been asking 104 00:05:30,360 --> 00:05:33,240 Speaker 1: for a book, Miko, please put you know, all of 105 00:05:33,279 --> 00:05:35,839 Speaker 1: this information that you've been giving us the last six years, 106 00:05:35,880 --> 00:05:38,680 Speaker 1: like in one place, put it in one place where 107 00:05:38,720 --> 00:05:40,839 Speaker 1: I can I can find it. So but you know, 108 00:05:40,960 --> 00:05:43,120 Speaker 1: after so many years of doing this, you know, I 109 00:05:43,160 --> 00:05:45,599 Speaker 1: started back in twenty sixteen with the budget mom and 110 00:05:45,680 --> 00:05:48,200 Speaker 1: kind of sharing my journey and so the content was 111 00:05:48,320 --> 00:05:51,680 Speaker 1: kind of sporadically all over the place. And but what 112 00:05:51,800 --> 00:05:54,360 Speaker 1: I realized too is that, gosh, there was so much 113 00:05:54,360 --> 00:05:57,120 Speaker 1: more I wanted to say where I felt like I 114 00:05:57,240 --> 00:06:00,479 Speaker 1: needed to say things that I haven't really had the 115 00:06:00,560 --> 00:06:03,359 Speaker 1: chance to really go into deep detail. On, and so 116 00:06:03,880 --> 00:06:06,960 Speaker 1: this book was my perfect opportunity to do that for you. 117 00:06:07,160 --> 00:06:09,039 Speaker 2: When you say I had so much more to say, 118 00:06:09,080 --> 00:06:12,280 Speaker 2: do you feel like it was almost bringing you into 119 00:06:12,560 --> 00:06:14,599 Speaker 2: the things that you talk about a little bit more 120 00:06:14,720 --> 00:06:18,000 Speaker 2: like providing a little bit more personal context, shedding some 121 00:06:18,240 --> 00:06:21,240 Speaker 2: light on why these things matter so much to you. 122 00:06:21,240 --> 00:06:23,719 Speaker 2: Because I would assume that you know a lot of 123 00:06:23,720 --> 00:06:27,680 Speaker 2: people love your content because it is so digestible and 124 00:06:27,760 --> 00:06:30,560 Speaker 2: easy to understand. It really breaks down a lot of 125 00:06:30,560 --> 00:06:32,279 Speaker 2: things in a way that maybe they weren't thinking of 126 00:06:32,279 --> 00:06:33,000 Speaker 2: it beforehand. 127 00:06:33,480 --> 00:06:37,760 Speaker 1: Yes, absolutely, one hundred percent. I this this writing this 128 00:06:37,839 --> 00:06:41,720 Speaker 1: book was a self discovery journey on its own for sure, 129 00:06:42,240 --> 00:06:44,640 Speaker 1: you know, and I really struggled for many I guess 130 00:06:44,680 --> 00:06:48,360 Speaker 1: it helps really solidify what you are trying to say 131 00:06:48,360 --> 00:06:51,840 Speaker 1: in a very clear way. Right. For example, I've been 132 00:06:51,839 --> 00:06:54,080 Speaker 1: working on my financial journey for ten years and I 133 00:06:54,160 --> 00:06:58,880 Speaker 1: discovered something this state of being, this state of feeling, 134 00:06:58,920 --> 00:07:02,520 Speaker 1: and for so long I had a hard time figuring 135 00:07:02,560 --> 00:07:05,200 Speaker 1: out what exactly do you call this? How do you 136 00:07:05,320 --> 00:07:09,039 Speaker 1: define what I have found in my life? How do 137 00:07:09,080 --> 00:07:13,640 Speaker 1: you even go about explaining this and defining it? So 138 00:07:13,720 --> 00:07:16,720 Speaker 1: I really had to do this kind of self discovery 139 00:07:16,800 --> 00:07:21,040 Speaker 1: and really get concise and specific about what I have 140 00:07:21,160 --> 00:07:23,760 Speaker 1: found in my own life and what I hope other 141 00:07:23,800 --> 00:07:25,960 Speaker 1: people find in their is after reading this book. 142 00:07:26,160 --> 00:07:29,560 Speaker 2: Money is such an emotional thing, right, like your feelings 143 00:07:29,600 --> 00:07:31,480 Speaker 2: around money, How we feel when we have it, how 144 00:07:31,520 --> 00:07:33,400 Speaker 2: we feel when we don't have it, how we feel 145 00:07:33,440 --> 00:07:36,720 Speaker 2: when we're worried about losing it. So many different, you know, 146 00:07:37,080 --> 00:07:41,120 Speaker 2: strong feelings tied to money and how we earn it 147 00:07:41,160 --> 00:07:42,480 Speaker 2: and what we do with it and et cetera. So 148 00:07:42,720 --> 00:07:45,000 Speaker 2: I can totally relate to that, and it's interesting that 149 00:07:45,080 --> 00:07:47,400 Speaker 2: idea of I don't know what to call this stage 150 00:07:47,720 --> 00:07:49,960 Speaker 2: when you get to a place where your financial health 151 00:07:50,040 --> 00:07:52,440 Speaker 2: is just exactly where you hope for it to be, 152 00:07:52,640 --> 00:07:56,360 Speaker 2: if not exceeding your expectations. I feel like the word 153 00:07:56,400 --> 00:07:59,480 Speaker 2: I would use to describe that is really just freedom. 154 00:08:00,480 --> 00:08:03,440 Speaker 1: Yeah, you know, it's funny because we thought about using freedom, 155 00:08:03,480 --> 00:08:07,600 Speaker 1: but for me, it was like, it's not just freedom, 156 00:08:07,760 --> 00:08:11,800 Speaker 1: it was this peace of mind is what kept popping 157 00:08:11,960 --> 00:08:15,800 Speaker 1: up in my mind. Peace of mind, especially as a 158 00:08:15,840 --> 00:08:18,920 Speaker 1: single mom, something that I have been searching for for 159 00:08:18,960 --> 00:08:24,200 Speaker 1: so long. But then I realize that it's all encompassing 160 00:08:24,600 --> 00:08:27,720 Speaker 1: in all aspect and areas of my life, from the 161 00:08:27,760 --> 00:08:31,440 Speaker 1: relationships that I have, to the decisions that I'm making 162 00:08:31,440 --> 00:08:33,920 Speaker 1: on a daily basis, to the perspective and the way 163 00:08:33,920 --> 00:08:36,520 Speaker 1: that I see things, to the change and the value 164 00:08:36,559 --> 00:08:39,560 Speaker 1: and how I value things in my life. It trickles 165 00:08:39,600 --> 00:08:43,400 Speaker 1: into every aspect of your life. So it's not just 166 00:08:43,480 --> 00:08:49,240 Speaker 1: financial freedom. I really call it financial fulfillment. And that's 167 00:08:49,280 --> 00:08:51,320 Speaker 1: what we called it in the book, and that is 168 00:08:51,360 --> 00:08:54,240 Speaker 1: the end goal for every reader to accomplish and discover 169 00:08:54,360 --> 00:08:55,080 Speaker 1: for themselves. 170 00:08:55,600 --> 00:08:59,760 Speaker 2: Love that financial fulfillment. On finding financial fulfillment, Oh it 171 00:09:00,080 --> 00:09:02,120 Speaker 2: makes it gives me the chills. It it makes me 172 00:09:02,120 --> 00:09:04,760 Speaker 2: want to find it. So on that topic, that's exactly 173 00:09:04,760 --> 00:09:07,160 Speaker 2: what we're here to talk about today. Here we are 174 00:09:07,559 --> 00:09:12,000 Speaker 2: January twenty twenty two, and we are thinking about, maybe 175 00:09:12,000 --> 00:09:13,840 Speaker 2: in a way that we haven't thought in some time, 176 00:09:14,280 --> 00:09:19,319 Speaker 2: about priorities and budgeting and our finances. 177 00:09:19,440 --> 00:09:22,079 Speaker 3: And this is obviously exactly where you come in. 178 00:09:22,240 --> 00:09:25,280 Speaker 2: So I would love if we could unpack a few 179 00:09:25,400 --> 00:09:29,280 Speaker 2: of your top tips and tricks for someone that is 180 00:09:29,360 --> 00:09:32,320 Speaker 2: really looking to find that fulfillment in the new year. 181 00:09:32,480 --> 00:09:33,600 Speaker 3: Where do we even begin? 182 00:09:34,280 --> 00:09:37,200 Speaker 1: So first we have to realize, you know, when most people, 183 00:09:37,640 --> 00:09:40,000 Speaker 1: especially on starting a new year, we get all hyped 184 00:09:40,040 --> 00:09:43,120 Speaker 1: and excited about finally making progress with our financial goals 185 00:09:43,120 --> 00:09:45,640 Speaker 1: and making all these these shifts and these tweaks and 186 00:09:45,679 --> 00:09:47,800 Speaker 1: these changes in our lives to do better with our money. 187 00:09:48,480 --> 00:09:51,000 Speaker 1: But what we really need to understand from the get 188 00:09:51,080 --> 00:09:54,400 Speaker 1: go is one, this is not an overnight fix. This 189 00:09:54,480 --> 00:10:01,800 Speaker 1: is a transformation, and that transformation starts and really begins 190 00:10:01,880 --> 00:10:06,439 Speaker 1: with understanding yourself. A lot of time, we start this 191 00:10:06,559 --> 00:10:09,640 Speaker 1: new year saying I want to save five thousand dollars 192 00:10:09,760 --> 00:10:12,760 Speaker 1: or I want to pay off all of my debt. Right, 193 00:10:13,360 --> 00:10:17,720 Speaker 1: But that's the thing. Those are only the end goals. 194 00:10:17,960 --> 00:10:22,480 Speaker 1: Lasting financial change in your life does not start or 195 00:10:22,600 --> 00:10:26,520 Speaker 1: end with hitting a specific goal. It happens when we 196 00:10:26,640 --> 00:10:31,280 Speaker 1: can manage our finances well even after we have hit 197 00:10:31,360 --> 00:10:35,520 Speaker 1: our goal. And the only way to do that is 198 00:10:35,720 --> 00:10:38,800 Speaker 1: I am encouraging everybody, especially if we're going you know, 199 00:10:38,840 --> 00:10:42,840 Speaker 1: we're talking about new year changes with our finances. Instead 200 00:10:42,840 --> 00:10:47,160 Speaker 1: of looking at as wanting to do better with our finances, 201 00:10:47,800 --> 00:10:51,240 Speaker 1: Let's start it off as a journey of discovering more 202 00:10:51,320 --> 00:10:55,320 Speaker 1: about ourselves. Let's make this the year that we finally 203 00:10:55,440 --> 00:11:01,360 Speaker 1: start asking those hard questions about learning about ourselves. What 204 00:11:01,440 --> 00:11:05,040 Speaker 1: we are truly trying to accomplish with our money, Why 205 00:11:05,120 --> 00:11:07,600 Speaker 1: we spend the money that we do, Why do we 206 00:11:07,679 --> 00:11:10,360 Speaker 1: go into debt in the first place, not just paying 207 00:11:10,360 --> 00:11:14,800 Speaker 1: off debt, but understanding these deeper things that are happening 208 00:11:14,880 --> 00:11:17,600 Speaker 1: inside of ourselves with their emotions, but not only that, 209 00:11:18,160 --> 00:11:23,280 Speaker 1: giving ourselves permission to answer honestly, right, I ask. It's 210 00:11:23,320 --> 00:11:26,480 Speaker 1: so funny because during this whole New year, knew you, 211 00:11:26,559 --> 00:11:29,120 Speaker 1: which I really hate that saying, but I always say, 212 00:11:29,200 --> 00:11:31,920 Speaker 1: new year, better you. It's not a new you, right, 213 00:11:32,240 --> 00:11:36,160 Speaker 1: We're just improving and growing from the individuals that we 214 00:11:36,160 --> 00:11:39,120 Speaker 1: were last year, right, which is such an important part 215 00:11:39,160 --> 00:11:42,920 Speaker 1: of our story. We are not new you starting over. 216 00:11:43,200 --> 00:11:45,680 Speaker 1: We are, in fact, using what we have learned in 217 00:11:45,720 --> 00:11:48,920 Speaker 1: the past to be better anyway. So that's my little 218 00:11:48,920 --> 00:11:52,000 Speaker 1: take on the whole New Year, New you. But really 219 00:11:52,280 --> 00:11:55,760 Speaker 1: it comes down to making this the year that you 220 00:11:55,920 --> 00:12:00,160 Speaker 1: discover and truly know who you are and answering that question, 221 00:12:00,840 --> 00:12:03,840 Speaker 1: what the heck are you trying to accomplish with your money? 222 00:12:04,200 --> 00:12:06,240 Speaker 2: No, I mean, that's an excellent question, and it's so 223 00:12:06,440 --> 00:12:09,760 Speaker 2: interesting hearing you talk about the emotions that go hand 224 00:12:09,800 --> 00:12:14,120 Speaker 2: in hand with finances because it rings true, also making 225 00:12:14,160 --> 00:12:16,680 Speaker 2: me think about perhaps the emotions that go hand in 226 00:12:16,720 --> 00:12:19,520 Speaker 2: hand with why we act a certain way, why we 227 00:12:19,600 --> 00:12:22,320 Speaker 2: eat certain things. I mean, come on emotional eating and 228 00:12:22,360 --> 00:12:26,400 Speaker 2: emotional spending to like very frequent and like. 229 00:12:26,520 --> 00:12:28,280 Speaker 3: Popular topics of discussion. 230 00:12:28,320 --> 00:12:31,680 Speaker 2: Here something that I can certainly relate with and something 231 00:12:31,720 --> 00:12:33,720 Speaker 2: that you really do need to do a little bit 232 00:12:33,760 --> 00:12:36,640 Speaker 2: of a work to uncover to understand why you do 233 00:12:36,760 --> 00:12:39,160 Speaker 2: both things? What is going on in my life when 234 00:12:39,200 --> 00:12:42,160 Speaker 2: I walk over to the fridge. For me, I've literally 235 00:12:42,440 --> 00:12:45,320 Speaker 2: realized that every single time I sit down at my 236 00:12:45,400 --> 00:12:47,920 Speaker 2: desk and I'm about to start like a really big project, 237 00:12:48,120 --> 00:12:51,720 Speaker 2: I have a gut instinct to at first before I start, 238 00:12:51,960 --> 00:12:53,880 Speaker 2: get up, walk to the fridge and like do a 239 00:12:53,880 --> 00:12:54,760 Speaker 2: little investigation. 240 00:12:55,400 --> 00:12:58,080 Speaker 1: Right. So, yeah, you know I call this hard the 241 00:12:58,200 --> 00:13:02,319 Speaker 1: hard work of financial change. You know, this is beyond 242 00:13:02,559 --> 00:13:05,960 Speaker 1: just the surface level solutions that we are all searching for. 243 00:13:06,120 --> 00:13:09,880 Speaker 1: This is the actual deep crap that will actually cause 244 00:13:09,960 --> 00:13:12,200 Speaker 1: lasting change in your life. And that's really what we're 245 00:13:12,200 --> 00:13:14,200 Speaker 1: trying to accomplish. I know a lot of us say 246 00:13:14,520 --> 00:13:16,480 Speaker 1: it's to invest, is to pay off debts, to save, 247 00:13:17,000 --> 00:13:21,040 Speaker 1: but really we're all looking for something deeper, right, And 248 00:13:21,720 --> 00:13:24,479 Speaker 1: I really do feel that to get to financial fulfillment, 249 00:13:25,120 --> 00:13:29,240 Speaker 1: you need to first and foremost understand yourself. Because let's 250 00:13:29,280 --> 00:13:33,079 Speaker 1: be honest, this journey starts with you. It starts with you, 251 00:13:33,200 --> 00:13:36,520 Speaker 1: not your money, not the numbers, not your debt, not 252 00:13:36,640 --> 00:13:40,120 Speaker 1: your income. It starts with you. That's where the change 253 00:13:40,200 --> 00:13:43,120 Speaker 1: starts and really happens. And so I think that if 254 00:13:43,160 --> 00:13:47,520 Speaker 1: we can change this, shift this conversation from I just 255 00:13:47,559 --> 00:13:49,600 Speaker 1: want to accomplish paying off my debt, or I just 256 00:13:49,640 --> 00:13:51,280 Speaker 1: want to save this much money, or I want to 257 00:13:51,280 --> 00:13:54,199 Speaker 1: invest this instead, make it the year of really discovering 258 00:13:54,200 --> 00:13:56,880 Speaker 1: who you are. It's funny I ask a lot of 259 00:13:56,920 --> 00:13:59,040 Speaker 1: people who are just starting this journey like and going 260 00:13:59,080 --> 00:14:03,520 Speaker 1: into your you know what makes you happy? What brings 261 00:14:03,600 --> 00:14:07,480 Speaker 1: value to your life? And for so many people, they hesitate. 262 00:14:08,000 --> 00:14:14,640 Speaker 1: They can't even truly answer that question. What makes you happy, 263 00:14:15,080 --> 00:14:17,200 Speaker 1: what brings value to your life? And what are you 264 00:14:17,200 --> 00:14:20,280 Speaker 1: truly trying to accomplish with your money. Some people even 265 00:14:20,360 --> 00:14:24,680 Speaker 1: get afraid to say what they truly want out loud 266 00:14:25,160 --> 00:14:28,560 Speaker 1: because it doesn't fit the mold that we have been 267 00:14:28,640 --> 00:14:32,160 Speaker 1: given that define success and value for everybody else in 268 00:14:32,200 --> 00:14:35,400 Speaker 1: ourselves right it kind of been so they get they 269 00:14:35,480 --> 00:14:38,520 Speaker 1: start to doubt themselves, like am I really supposed to 270 00:14:38,560 --> 00:14:41,600 Speaker 1: want that? Like is that something that I Is it 271 00:14:41,640 --> 00:14:43,880 Speaker 1: okay to dream that day? Or is it okay? You know, 272 00:14:43,920 --> 00:14:47,080 Speaker 1: they start to doubt themselves. But I'm telling you, once 273 00:14:47,120 --> 00:14:51,000 Speaker 1: you understand yourself and find financial fulfillment, it won't matter. 274 00:14:51,360 --> 00:14:55,320 Speaker 2: The first step here acknowledging where you're at, being honest 275 00:14:55,360 --> 00:14:58,560 Speaker 2: with yourself about what's actually happening, so that you can 276 00:14:58,960 --> 00:15:02,440 Speaker 2: get or better understand of the current situation and figure 277 00:15:02,440 --> 00:15:05,160 Speaker 2: out and better articulate where you want to go. What's 278 00:15:05,240 --> 00:15:08,400 Speaker 2: the next step that you would recommend to someone on 279 00:15:08,640 --> 00:15:11,320 Speaker 2: their journey for financial fulfillment. 280 00:15:11,040 --> 00:15:13,240 Speaker 1: Sonny to ask themselves why are they on this journey 281 00:15:13,280 --> 00:15:17,040 Speaker 1: in the first place? And I call this finding your 282 00:15:17,080 --> 00:15:20,240 Speaker 1: why or your purpose? Now, this is this is something 283 00:15:20,320 --> 00:15:22,440 Speaker 1: you know, I think everyone kind of gets to this 284 00:15:22,520 --> 00:15:25,120 Speaker 1: point in their life where it's like that initial push 285 00:15:25,240 --> 00:15:28,480 Speaker 1: to cause and spur change, you know, whether some people 286 00:15:28,560 --> 00:15:31,720 Speaker 1: call this rock bottom, you know, getting maybe your car repossessed, 287 00:15:31,800 --> 00:15:33,800 Speaker 1: or getting into so much credit card debt where you're 288 00:15:33,840 --> 00:15:36,600 Speaker 1: having a hard time paying the bills. It's getting to 289 00:15:36,640 --> 00:15:39,120 Speaker 1: this point in your life where you're like, I don't 290 00:15:39,160 --> 00:15:43,800 Speaker 1: want to live this way anymore. I deserve something better. 291 00:15:44,240 --> 00:15:48,720 Speaker 1: I want something more, And so really that initial push 292 00:15:48,800 --> 00:15:51,680 Speaker 1: and spur for change in our lives with our finances 293 00:15:51,720 --> 00:15:54,600 Speaker 1: is what I call finding your why. Why the heck 294 00:15:54,640 --> 00:15:57,160 Speaker 1: are you doing this? For instance, why is people here 295 00:15:57,240 --> 00:16:00,400 Speaker 1: listening to this podcast? There's a reason, right, We need 296 00:16:00,440 --> 00:16:03,920 Speaker 1: to identify that reason. The next step everyone needs to 297 00:16:03,960 --> 00:16:07,560 Speaker 1: do is bring awareness into their lives. You cannot change 298 00:16:07,560 --> 00:16:10,360 Speaker 1: what you do not know. Period. I know there are 299 00:16:10,360 --> 00:16:12,400 Speaker 1: a lot of people out there that say, oh, tracking 300 00:16:12,440 --> 00:16:15,360 Speaker 1: you're spending is a waste of time. It actually works 301 00:16:15,400 --> 00:16:18,000 Speaker 1: against you because you're spending too much time tracking and 302 00:16:18,040 --> 00:16:20,400 Speaker 1: not enough time doing the actual work. I think it's 303 00:16:20,440 --> 00:16:23,920 Speaker 1: all bull crap. You need to track your spending period. 304 00:16:24,480 --> 00:16:28,760 Speaker 1: It takes work, yes, it takes time, yes, But that 305 00:16:28,920 --> 00:16:32,720 Speaker 1: time and effort and work is worth it because until 306 00:16:32,760 --> 00:16:36,320 Speaker 1: you know your starting place, you can't have change because 307 00:16:36,320 --> 00:16:38,840 Speaker 1: you can't change what you don't know. The next thing 308 00:16:38,920 --> 00:16:43,120 Speaker 1: I really tell people that next step is awareness. As 309 00:16:43,320 --> 00:16:46,360 Speaker 1: scary as it might be sometimes and we may not 310 00:16:46,520 --> 00:16:48,800 Speaker 1: want to look at it in the face, but we 311 00:16:48,960 --> 00:16:51,600 Speaker 1: have to. And I'm telling you know, there's a lot 312 00:16:51,680 --> 00:16:55,480 Speaker 1: of people out there who have anxiety and fear around 313 00:16:55,520 --> 00:16:57,320 Speaker 1: looking at where their money is really going, like I 314 00:16:57,360 --> 00:17:00,920 Speaker 1: don't want to know, right, But the truth is, I 315 00:17:01,040 --> 00:17:05,119 Speaker 1: promise you now, when you first initially look at it, yes, 316 00:17:05,359 --> 00:17:08,760 Speaker 1: you might feel sad, you might feel scared, you might 317 00:17:08,800 --> 00:17:11,600 Speaker 1: even feel like, geez, I'm never gonna get through this. 318 00:17:13,000 --> 00:17:17,400 Speaker 1: After a while, that all kind of subsides because finally, 319 00:17:17,440 --> 00:17:20,840 Speaker 1: for the first time, you understand the mountain you have 320 00:17:20,960 --> 00:17:24,720 Speaker 1: to climb, and that awareness all of a sudden turns 321 00:17:24,760 --> 00:17:29,359 Speaker 1: from fear into the excitement of knowing, Okay, this is 322 00:17:29,400 --> 00:17:32,040 Speaker 1: where I'm starting. But you know what, I know exactly 323 00:17:32,080 --> 00:17:34,639 Speaker 1: what I have to tackle now. I know exactly what 324 00:17:34,840 --> 00:17:38,280 Speaker 1: is happening, what's going on. It's always scarier to be 325 00:17:38,400 --> 00:17:40,920 Speaker 1: in the unknown than it is the known. That's kind 326 00:17:40,920 --> 00:17:42,480 Speaker 1: of my motto, right, not. 327 00:17:42,600 --> 00:17:45,280 Speaker 2: Just as you said, articulating the emotions behind what's going on, 328 00:17:45,320 --> 00:17:47,919 Speaker 2: but then really getting into the nitty gritty of what 329 00:17:48,160 --> 00:17:52,239 Speaker 2: is actually happening. So we have this person, they are 330 00:17:52,280 --> 00:17:56,399 Speaker 2: taking ownership. They are like ready to get really uncomfortable. 331 00:17:56,800 --> 00:17:58,960 Speaker 2: A question that you probably get often, and I know 332 00:17:59,000 --> 00:18:01,800 Speaker 2: that you have some tools on your website and via 333 00:18:01,840 --> 00:18:04,840 Speaker 2: your Instagram and your social platforms, is what should I 334 00:18:04,880 --> 00:18:05,600 Speaker 2: be using. 335 00:18:05,359 --> 00:18:06,719 Speaker 3: To keep track of all this stuff. 336 00:18:06,840 --> 00:18:08,880 Speaker 1: Yes, it is a lot, right, it does seem kind 337 00:18:08,920 --> 00:18:10,760 Speaker 1: I know. I still get people who come to my Instagram. 338 00:18:11,080 --> 00:18:12,800 Speaker 1: They look in at all this stuff and they're like, oh, 339 00:18:12,920 --> 00:18:16,320 Speaker 1: this is so overwhelming. It's true. There's a lot of 340 00:18:16,400 --> 00:18:20,879 Speaker 1: information being thrown at us once we start doing this work, 341 00:18:21,600 --> 00:18:23,800 Speaker 1: and so you may not think about it this way. 342 00:18:23,880 --> 00:18:29,080 Speaker 1: But organization and finances go hand in hand. Okay, they 343 00:18:29,119 --> 00:18:32,080 Speaker 1: go together. A lot of people do not think about 344 00:18:32,359 --> 00:18:34,919 Speaker 1: organization when they start talking about their finances, but it 345 00:18:34,960 --> 00:18:38,640 Speaker 1: is pivotal from the workspace that you work in when 346 00:18:38,720 --> 00:18:41,200 Speaker 1: you're sitting down looking over your budget or working through 347 00:18:41,240 --> 00:18:43,960 Speaker 1: your financial routine. From the way that we decide to 348 00:18:44,240 --> 00:18:48,600 Speaker 1: organize this information that we're discovering, our spending, our debt, 349 00:18:48,680 --> 00:18:52,560 Speaker 1: our savings, are investing. So organization is a huge part. Now. 350 00:18:53,800 --> 00:18:55,919 Speaker 1: I am a huge believer you have to do what 351 00:18:56,000 --> 00:18:58,440 Speaker 1: works best for you one hundred percent. This is why 352 00:18:58,480 --> 00:19:01,560 Speaker 1: my book is called My Money, My Way. Okay, me personally, 353 00:19:02,320 --> 00:19:05,560 Speaker 1: I track my spending manually. Okay, Like you said, you 354 00:19:05,680 --> 00:19:09,959 Speaker 1: use a spreadsheet sometimes that's easier for people. For me, though, 355 00:19:10,480 --> 00:19:15,040 Speaker 1: my spending became very real and very tangible in my life. 356 00:19:15,080 --> 00:19:17,320 Speaker 1: When I could write it down and see it on paper, 357 00:19:17,520 --> 00:19:20,240 Speaker 1: that was just me. That's how it clicked in my head. 358 00:19:20,880 --> 00:19:23,359 Speaker 1: So I track all my spending. I spend about five 359 00:19:23,400 --> 00:19:26,000 Speaker 1: to ten minutes every morning tracking my spending from the 360 00:19:26,040 --> 00:19:30,119 Speaker 1: day before. I use a printed out expense tracker that 361 00:19:30,400 --> 00:19:33,000 Speaker 1: is in my budget by Paycheck workbook, and I use 362 00:19:33,040 --> 00:19:36,399 Speaker 1: the highlighter method. Something that I discovered on my journey 363 00:19:36,520 --> 00:19:38,199 Speaker 1: is one of the things that you also have to 364 00:19:38,240 --> 00:19:40,840 Speaker 1: discover for yourself is what kind of learner are you 365 00:19:41,480 --> 00:19:46,040 Speaker 1: and what are the things that motivate you on your 366 00:19:46,119 --> 00:19:50,800 Speaker 1: financial journey? And I noticed for me that's visual tools. 367 00:19:51,160 --> 00:19:54,560 Speaker 1: I am a visual learner. So by writing my expenses 368 00:19:54,560 --> 00:19:59,200 Speaker 1: out using the highlighter method to highlight all my separate categories, 369 00:19:59,280 --> 00:20:02,960 Speaker 1: for me, that was very therapeutic, but not only that, 370 00:20:03,240 --> 00:20:07,560 Speaker 1: it helped me visually to really understand the big picture 371 00:20:07,600 --> 00:20:10,520 Speaker 1: which was happening with my finances and it's very motivating. 372 00:20:10,800 --> 00:20:12,400 Speaker 1: So that's how I currently do it. 373 00:20:13,000 --> 00:20:15,040 Speaker 2: Yeah, I mean two things is double click on here. 374 00:20:15,160 --> 00:20:17,080 Speaker 2: You said the highlighter method. Do you want to talk 375 00:20:17,080 --> 00:20:18,320 Speaker 2: a little bit about what that is? 376 00:20:18,960 --> 00:20:23,600 Speaker 1: Yes, So the highlighter method is essentially assigning a different 377 00:20:23,760 --> 00:20:28,440 Speaker 1: highlighter color for every category in your budget. Okay, this 378 00:20:28,560 --> 00:20:32,119 Speaker 1: happens during the process of tracking your spending. When you 379 00:20:32,200 --> 00:20:34,720 Speaker 1: first start, A lot of people see these lists of 380 00:20:34,760 --> 00:20:36,639 Speaker 1: all this spending. They're like, what do I do with 381 00:20:36,720 --> 00:20:40,520 Speaker 1: all of this? The first thing is highlighting all the 382 00:20:40,800 --> 00:20:44,719 Speaker 1: like transactions. We're going through on how to create budget 383 00:20:44,760 --> 00:20:47,800 Speaker 1: categories in your life. We're getting to how you organize 384 00:20:47,800 --> 00:20:50,960 Speaker 1: this information. So if you start highlighting, like all your 385 00:20:51,000 --> 00:20:54,720 Speaker 1: food purchases in blue, all your clothing purchases in pink, 386 00:20:55,359 --> 00:20:58,600 Speaker 1: all your car and gas purchases in green. Once you 387 00:20:58,680 --> 00:21:01,600 Speaker 1: start doing this through your spend, all of a sudden, 388 00:21:01,640 --> 00:21:04,080 Speaker 1: you just organized all of your spending into your own 389 00:21:04,200 --> 00:21:07,920 Speaker 1: unique budget categories without even knowing it right, And then 390 00:21:08,320 --> 00:21:10,880 Speaker 1: once you have that, you can really tweak and perfect, 391 00:21:10,920 --> 00:21:13,560 Speaker 1: like maybe I don't want my eating out in my 392 00:21:13,560 --> 00:21:15,960 Speaker 1: food budget, maybe I need to separate out because that's 393 00:21:16,000 --> 00:21:19,200 Speaker 1: a problem spending area for me. So you really, it's 394 00:21:19,280 --> 00:21:24,600 Speaker 1: just a way, a process, a visual process of organizing 395 00:21:24,760 --> 00:21:27,160 Speaker 1: all of this content totally. 396 00:21:27,240 --> 00:21:31,040 Speaker 2: And I can seriously relate with you on being a 397 00:21:31,160 --> 00:21:35,120 Speaker 2: visual person. I remember back years and years ago when 398 00:21:35,160 --> 00:21:39,280 Speaker 2: I was going through a major weight loss. I hung 399 00:21:39,400 --> 00:21:42,240 Speaker 2: up a pair of genes that didn't fit just yet 400 00:21:42,680 --> 00:21:45,760 Speaker 2: on the back of my bathroom door, and I would 401 00:21:45,840 --> 00:21:48,040 Speaker 2: walk by them all of the time, and for me, 402 00:21:48,440 --> 00:21:52,520 Speaker 2: seeing those genes there helped me stay motivated and remember 403 00:21:52,800 --> 00:21:56,640 Speaker 2: why it was that I was getting up early. Aside from, 404 00:21:56,640 --> 00:21:59,919 Speaker 2: of course, so many of the mental benefits that can 405 00:22:00,200 --> 00:22:04,240 Speaker 2: hand in hand with working out and really working on 406 00:22:04,280 --> 00:22:07,760 Speaker 2: that inner dialogue and the way that I talk to myself. 407 00:22:08,640 --> 00:22:11,119 Speaker 2: I would walk by those genes all the time and 408 00:22:11,160 --> 00:22:13,719 Speaker 2: be like, this is it, Like this is there? They 409 00:22:13,760 --> 00:22:16,360 Speaker 2: are here, I am here, I go, I can do this. 410 00:22:16,440 --> 00:22:17,080 Speaker 3: I've got this. 411 00:22:17,480 --> 00:22:20,480 Speaker 2: So many of these emotions that go hand in hand 412 00:22:20,640 --> 00:22:24,600 Speaker 2: with finances, I think we can all really relate to 413 00:22:24,640 --> 00:22:27,320 Speaker 2: definitely circulate in other areas of our lives. 414 00:22:27,440 --> 00:22:30,720 Speaker 1: Yeah, exactly. It's a constant reminder of what you are 415 00:22:30,800 --> 00:22:34,680 Speaker 1: fighting for, right And that's what the visual like the 416 00:22:34,760 --> 00:22:37,800 Speaker 1: visual trackers and the visual tools I use in my finances, 417 00:22:37,840 --> 00:22:40,800 Speaker 1: That's exactly what it is. It's a daily reminder of 418 00:22:41,880 --> 00:22:45,440 Speaker 1: I am fighting for a life with my son where 419 00:22:45,480 --> 00:22:49,560 Speaker 1: I can seize opportunities without relying on debt. 420 00:22:50,040 --> 00:22:52,359 Speaker 2: That is my why I was going to say, So, 421 00:22:52,440 --> 00:22:55,359 Speaker 2: that's like your mission statement, like that is why you 422 00:22:55,440 --> 00:22:56,640 Speaker 2: do all of these things. 423 00:22:56,960 --> 00:23:01,639 Speaker 1: Everything I do every single day is for my child 424 00:23:02,720 --> 00:23:05,880 Speaker 1: and the life that I want to live with him. Because, 425 00:23:06,200 --> 00:23:07,720 Speaker 1: you know, one of the things I talk about in 426 00:23:07,760 --> 00:23:10,600 Speaker 1: the book is kind of my financial philosophy of truly 427 00:23:10,640 --> 00:23:15,440 Speaker 1: finding this balance between living your life now while still 428 00:23:15,520 --> 00:23:18,520 Speaker 1: taking care of your your future self and your goals 429 00:23:18,520 --> 00:23:20,760 Speaker 1: that you're wanting to accomplish. Right, it's really we get 430 00:23:20,800 --> 00:23:23,120 Speaker 1: to there's a big debate out there, you know, do 431 00:23:23,160 --> 00:23:26,080 Speaker 1: you live your life now because life is short, or 432 00:23:26,160 --> 00:23:28,840 Speaker 1: do you, you know, make sure that you can have 433 00:23:28,920 --> 00:23:32,040 Speaker 1: everything you want in retirement. Right, It's not an either 434 00:23:32,320 --> 00:23:36,240 Speaker 1: or you can do both. And I am a big 435 00:23:36,280 --> 00:23:39,400 Speaker 1: believer that life is too short. I have been blessed 436 00:23:39,440 --> 00:23:43,960 Speaker 1: with one life with my child. One that's all I get. 437 00:23:44,840 --> 00:23:47,760 Speaker 1: I will never get these moments back, My son will 438 00:23:47,800 --> 00:23:51,840 Speaker 1: never be nigh again. This is my time now to 439 00:23:51,920 --> 00:23:54,720 Speaker 1: live this life that I want to with him. This 440 00:23:54,920 --> 00:23:57,280 Speaker 1: is what I'm fighting for. You know, this is the 441 00:23:57,359 --> 00:24:01,240 Speaker 1: emotional connection that you you need to find with your 442 00:24:01,280 --> 00:24:05,159 Speaker 1: purpose to really create that motivation and self discipline in 443 00:24:05,160 --> 00:24:06,200 Speaker 1: your life to get there. 444 00:24:11,720 --> 00:24:14,560 Speaker 2: Taking a break from today's episode to give some love 445 00:24:14,760 --> 00:24:18,440 Speaker 2: to my sponsor at ag One from Athletic Greens. 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I mean it next to espresso. 462 00:25:15,119 --> 00:25:17,280 Speaker 2: It's the first thing I put in my body every 463 00:25:17,480 --> 00:25:20,240 Speaker 2: single day, and I wouldn't have it any other way. 464 00:25:20,560 --> 00:25:22,280 Speaker 3: Of course, they have a deal for you. 465 00:25:22,400 --> 00:25:26,240 Speaker 2: Head on over to Athleticgreens dot com slash hurdle again 466 00:25:26,280 --> 00:25:31,000 Speaker 2: that is Athleticgreens dot com slash hurdle to get five 467 00:25:31,240 --> 00:25:33,680 Speaker 2: free travel packs as well as a year's supply of 468 00:25:33,760 --> 00:25:39,520 Speaker 2: Vitamin D with your first purchase, No code necessary Athleticgreens 469 00:25:39,560 --> 00:25:41,399 Speaker 2: dot Com slash hurdle. 470 00:25:46,480 --> 00:25:47,320 Speaker 3: Do you have any. 471 00:25:47,160 --> 00:25:50,600 Speaker 2: Advice or recommendations for someone who wants to work on 472 00:25:50,760 --> 00:25:53,280 Speaker 2: creating their own personal financial statement? 473 00:25:53,920 --> 00:25:58,639 Speaker 1: Absolutely? Make sure that it's something that you can visualize. Okay, 474 00:25:58,720 --> 00:26:01,200 Speaker 1: So this is something where you need to attach a picture. 475 00:26:01,760 --> 00:26:05,400 Speaker 1: I think it's really a lot easier when we can 476 00:26:05,520 --> 00:26:09,000 Speaker 1: visualize where we are trying to go assign a picture 477 00:26:09,000 --> 00:26:11,800 Speaker 1: to that we can we can hear it, we can 478 00:26:11,960 --> 00:26:15,320 Speaker 1: feel it, we can see it. Right, it's all encompassing. 479 00:26:15,960 --> 00:26:19,840 Speaker 1: The next thing is really asking yourself to make it specific. 480 00:26:20,960 --> 00:26:24,359 Speaker 1: So when I first started my journey, my why was 481 00:26:24,400 --> 00:26:27,800 Speaker 1: to pay off debt. Well, then I had to ask 482 00:26:27,840 --> 00:26:31,800 Speaker 1: myself why do I want to pay off debt? And 483 00:26:31,840 --> 00:26:34,680 Speaker 1: not not only that, I had to ask myself, Okay, 484 00:26:34,760 --> 00:26:37,360 Speaker 1: if I pay off my debt, what does this mean 485 00:26:37,400 --> 00:26:37,639 Speaker 1: for me? 486 00:26:37,760 --> 00:26:37,879 Speaker 2: Here? 487 00:26:38,040 --> 00:26:40,639 Speaker 1: What am I? What am I truly trying to get at? 488 00:26:40,840 --> 00:26:44,920 Speaker 1: So I had to ask well, why, well why over 489 00:26:44,960 --> 00:26:47,119 Speaker 1: and over and over again till I kind of honed 490 00:26:47,160 --> 00:26:51,120 Speaker 1: down this really specific, like the deep route of why 491 00:26:51,200 --> 00:26:54,359 Speaker 1: I was trying to accomplish what I wanted right, and 492 00:26:54,440 --> 00:26:58,199 Speaker 1: so over time, my like over years, my purpose, this 493 00:26:58,280 --> 00:27:02,520 Speaker 1: mission statement kind of changed evolved into something a lot 494 00:27:02,600 --> 00:27:08,320 Speaker 1: bigger than myself. Your mission statement, when I call it 495 00:27:08,359 --> 00:27:13,159 Speaker 1: your why, should be something that is so important to 496 00:27:13,200 --> 00:27:17,480 Speaker 1: you you get emotional speaking about it. I know a 497 00:27:17,520 --> 00:27:20,879 Speaker 1: lot of people are afraid to bring emotions into finances 498 00:27:20,920 --> 00:27:23,480 Speaker 1: because they believe that ultimately it can hurt you rather 499 00:27:23,520 --> 00:27:26,480 Speaker 1: than help you. But that's only if your emotions control you. 500 00:27:27,760 --> 00:27:32,400 Speaker 1: What happens when we can control our emotions and use 501 00:27:32,440 --> 00:27:36,800 Speaker 1: them to our advantage. I cannot tell you how powerful 502 00:27:36,800 --> 00:27:42,119 Speaker 1: it is to feel something so deeply for wanting a 503 00:27:42,200 --> 00:27:44,560 Speaker 1: change in your life and fighting for something that's so 504 00:27:44,640 --> 00:27:49,760 Speaker 1: much bigger than yourself. How powerful that is. And so 505 00:27:50,160 --> 00:27:52,879 Speaker 1: it needs to be visual, it needs to be specific, 506 00:27:53,280 --> 00:27:57,200 Speaker 1: and you need to keep asking the question, well why, well, 507 00:27:57,320 --> 00:28:02,200 Speaker 1: why don't just start and keep at that surface level goal? 508 00:28:02,280 --> 00:28:05,639 Speaker 1: Because your mission statement is not a goal. This is 509 00:28:05,680 --> 00:28:11,480 Speaker 1: not a goal, okay, it's more of a state of living, 510 00:28:11,920 --> 00:28:15,879 Speaker 1: a state of being. It's something deeper, something bigger, and 511 00:28:15,960 --> 00:28:18,840 Speaker 1: so there is no there's like no finish line. Like 512 00:28:18,880 --> 00:28:20,879 Speaker 1: a goal has a finish line. Once you reach it, 513 00:28:20,920 --> 00:28:23,679 Speaker 1: you hit that goal right, not with your why, not 514 00:28:23,760 --> 00:28:26,679 Speaker 1: with your mission statement. It's something that lives on forever. 515 00:28:26,720 --> 00:28:30,159 Speaker 1: It's something that you're constantly trying to work and be 516 00:28:30,280 --> 00:28:33,919 Speaker 1: better at and fight for. And that's why in the 517 00:28:34,040 --> 00:28:36,760 Speaker 1: end of the book I talk about how there is 518 00:28:36,800 --> 00:28:40,280 Speaker 1: no finish line with our finances at the end of 519 00:28:40,320 --> 00:28:44,920 Speaker 1: twenty twenty two. Right, It's not like you're finally going 520 00:28:45,000 --> 00:28:47,520 Speaker 1: to get there and be like, oh, I'm done, I 521 00:28:47,640 --> 00:28:51,120 Speaker 1: made it. It's finally over now all my dreams come true. 522 00:28:51,160 --> 00:28:53,960 Speaker 1: I'm sorry, but that's not how it works. If money 523 00:28:54,000 --> 00:28:55,960 Speaker 1: is in your life, if you are getting it, if 524 00:28:55,960 --> 00:28:58,600 Speaker 1: you are spending it, if you are managing it, there 525 00:28:58,680 --> 00:29:03,080 Speaker 1: is no finish line here. It's all about growing and 526 00:29:03,200 --> 00:29:07,360 Speaker 1: motivating and tweaking. And like I said, this is a transformation, 527 00:29:07,640 --> 00:29:11,800 Speaker 1: a self discovery of transformation that transforms the rest of 528 00:29:11,800 --> 00:29:12,400 Speaker 1: our lives. 529 00:29:13,520 --> 00:29:14,640 Speaker 3: I am hyped right now. 530 00:29:14,720 --> 00:29:18,280 Speaker 2: I just mentally drafted up the email where I follow 531 00:29:18,360 --> 00:29:20,280 Speaker 2: up with you and your team after we get off 532 00:29:20,280 --> 00:29:22,440 Speaker 2: of this and think about like how we should be 533 00:29:22,440 --> 00:29:24,360 Speaker 2: doing this every other month and like what. 534 00:29:24,360 --> 00:29:25,440 Speaker 3: We need to focus on. 535 00:29:25,840 --> 00:29:29,280 Speaker 2: And I'm just I am lit because it's so right, 536 00:29:29,360 --> 00:29:32,760 Speaker 2: and I mean, your passion is so clear and so 537 00:29:32,920 --> 00:29:38,120 Speaker 2: vibrant and so wonderful, and it's so exciting to speak 538 00:29:38,160 --> 00:29:42,640 Speaker 2: with someone who truly feels as though they are acting 539 00:29:42,880 --> 00:29:47,720 Speaker 2: in purpose on purpose, and to hear you speak about 540 00:29:47,720 --> 00:29:52,160 Speaker 2: the evolution of defining your why. That is truly something 541 00:29:52,160 --> 00:29:54,600 Speaker 2: that so many people that are listening to this right 542 00:29:54,640 --> 00:29:57,400 Speaker 2: now can really really relate to. 543 00:29:57,680 --> 00:29:58,680 Speaker 3: And it's really special. 544 00:29:58,880 --> 00:30:01,720 Speaker 1: It's unfortunate because oftentimes is a step that a lot 545 00:30:01,760 --> 00:30:05,040 Speaker 1: of people skip, right. So lot, I mean we go, 546 00:30:05,160 --> 00:30:07,560 Speaker 1: we dive, We start diving right into the numbers, right, 547 00:30:07,560 --> 00:30:09,840 Speaker 1: we start diving into the spreadsheets, writing numbers down on 548 00:30:09,880 --> 00:30:11,600 Speaker 1: a piece of paper, of trying to figure out our budgets, 549 00:30:11,640 --> 00:30:15,719 Speaker 1: and we skip the most important step, and that is 550 00:30:15,760 --> 00:30:19,440 Speaker 1: truly discovering your purpose. And that is what's going to 551 00:30:19,480 --> 00:30:21,520 Speaker 1: motivate you, which is then going to lead to the 552 00:30:21,560 --> 00:30:24,240 Speaker 1: self discipline you need to get where you want to go. 553 00:30:24,800 --> 00:30:27,280 Speaker 2: Well, it's also you know, whenever you set a new 554 00:30:27,280 --> 00:30:28,959 Speaker 2: goal or say that you want to do something, if 555 00:30:28,960 --> 00:30:31,640 Speaker 2: you don't take that inventory to ask yourself, like, why 556 00:30:31,760 --> 00:30:35,960 Speaker 2: is this specific thing important to me? Because in today's 557 00:30:35,960 --> 00:30:39,000 Speaker 2: society where it is so easy to pick up your 558 00:30:39,040 --> 00:30:41,760 Speaker 2: phone and scroll and within second see someone that's doing 559 00:30:41,800 --> 00:30:43,720 Speaker 2: something that looks really cool, and then all of a 560 00:30:43,720 --> 00:30:45,640 Speaker 2: sudden you're like, maybe I should be doing this cool thing, 561 00:30:45,680 --> 00:30:47,680 Speaker 2: And then you start looking into how you should be 562 00:30:47,720 --> 00:30:51,640 Speaker 2: doing this cool thing without stopping and taking a polse 563 00:30:51,720 --> 00:30:52,200 Speaker 2: check and. 564 00:30:52,160 --> 00:30:56,120 Speaker 3: Being like, is this something I truly want? Or do 565 00:30:56,200 --> 00:30:58,520 Speaker 3: I just want it because it looks flashy and shiny 566 00:30:58,600 --> 00:30:59,280 Speaker 3: on Instagram? 567 00:30:59,600 --> 00:31:03,320 Speaker 1: Exactly? You know, that's the thing. Until you can create 568 00:31:03,360 --> 00:31:07,720 Speaker 1: a plan written by you for you, you will always 569 00:31:07,840 --> 00:31:11,200 Speaker 1: depend on someone else to define value and success in 570 00:31:11,240 --> 00:31:14,200 Speaker 1: your life. And what that leads to, Oh my gosh, 571 00:31:14,240 --> 00:31:16,920 Speaker 1: it's a big black hole. You know, you are self comparison, 572 00:31:17,000 --> 00:31:20,200 Speaker 1: You are doubting yourself. Do I really want this? 573 00:31:22,080 --> 00:31:22,320 Speaker 3: You know? 574 00:31:22,480 --> 00:31:25,920 Speaker 1: Like you said, like is this really what I truly want? 575 00:31:26,680 --> 00:31:31,640 Speaker 1: And what I found? For financial fulfillment? There are three 576 00:31:31,680 --> 00:31:41,600 Speaker 1: things pivotal things clarity, stability, and confidence. If you can 577 00:31:41,680 --> 00:31:46,600 Speaker 1: find those three three things in your life, Honestly, I 578 00:31:46,680 --> 00:31:51,280 Speaker 1: truly believe you can find financial fulfillment and once that happens, 579 00:31:52,400 --> 00:31:56,400 Speaker 1: it won't matter what anyone else is doing, because you 580 00:31:56,520 --> 00:32:01,680 Speaker 1: have defined success and value for yourself, and all of 581 00:32:01,720 --> 00:32:05,280 Speaker 1: a sudden, when you look around, you're like, well, dang, 582 00:32:05,360 --> 00:32:08,320 Speaker 1: I'm not saving that much money, or I'm not paying 583 00:32:08,320 --> 00:32:10,840 Speaker 1: off that much debt. I'm never gonna get there. I 584 00:32:10,840 --> 00:32:12,960 Speaker 1: don't make as much as them. All of a sudden, 585 00:32:13,000 --> 00:32:17,160 Speaker 1: it won't matter, because you have to find success for yourself. 586 00:32:18,320 --> 00:32:20,680 Speaker 1: And I think that's it's really easy. You know, when 587 00:32:20,720 --> 00:32:23,920 Speaker 1: I first started this journey, it's really easy to get 588 00:32:23,960 --> 00:32:27,720 Speaker 1: online when you're desperately searching for change, to rely on 589 00:32:27,760 --> 00:32:31,840 Speaker 1: someone else's method and steps and what they're trying to 590 00:32:31,840 --> 00:32:34,240 Speaker 1: accomplish and what they say is important for you to 591 00:32:34,240 --> 00:32:37,280 Speaker 1: accomplish in your life with your finances because we don't 592 00:32:37,320 --> 00:32:40,640 Speaker 1: really know that next step. We're not really sure what 593 00:32:40,680 --> 00:32:44,600 Speaker 1: we're supposed to want, right, I'm not really sure what 594 00:32:44,640 --> 00:32:47,320 Speaker 1: that next step is that we need to take. But 595 00:32:47,720 --> 00:32:49,880 Speaker 1: I'm telling you, once you go through this book and 596 00:32:49,920 --> 00:32:51,920 Speaker 1: you work through those steps and you go to the 597 00:32:52,040 --> 00:32:54,760 Speaker 1: you know and find these three things of financial fulfillment, 598 00:32:55,400 --> 00:33:00,480 Speaker 1: you'll know. And I think that's really what makes financial 599 00:33:00,480 --> 00:33:06,360 Speaker 1: fulfillment so different, is this confidence knowing in our heart 600 00:33:06,480 --> 00:33:10,880 Speaker 1: and our gut as individuals that our goals and values 601 00:33:11,040 --> 00:33:16,080 Speaker 1: are unique, and that's okay. That's what it's supposed to be. 602 00:33:16,160 --> 00:33:17,440 Speaker 1: You know, when I came out and said I was 603 00:33:17,480 --> 00:33:20,200 Speaker 1: going to buy my house with cash, I was called 604 00:33:20,320 --> 00:33:24,160 Speaker 1: every name under the book, dumb, idiot. I shouldn't be 605 00:33:24,200 --> 00:33:27,040 Speaker 1: a money expert because I'm giving horrible advice. I should 606 00:33:27,080 --> 00:33:30,200 Speaker 1: be investing the money instead, I'm losing out all this 607 00:33:30,320 --> 00:33:35,760 Speaker 1: compound interest. But you know what, it didn't matter because 608 00:33:35,840 --> 00:33:39,440 Speaker 1: I knew in my heart I was making the best 609 00:33:39,440 --> 00:33:42,360 Speaker 1: financial decision for me and my family and my unique 610 00:33:42,400 --> 00:33:45,640 Speaker 1: goals and what I was trying to accomplish with my life. 611 00:33:45,680 --> 00:33:50,560 Speaker 1: Sometimes it doesn't matter if it makes number sense, you 612 00:33:50,560 --> 00:33:55,080 Speaker 1: know what I mean. Sometimes it comes down to peace 613 00:33:55,120 --> 00:33:58,760 Speaker 1: of mind, and that's something we can't put a value on. 614 00:33:59,800 --> 00:34:02,240 Speaker 1: And that's what I was really fighting with my journey. 615 00:34:02,280 --> 00:34:05,320 Speaker 1: And so you know, my money, my way is giving 616 00:34:05,360 --> 00:34:09,280 Speaker 1: yourself permission to say, you know what my wants, values 617 00:34:09,280 --> 00:34:12,440 Speaker 1: and goals are unique to me, and that's okay, And 618 00:34:12,520 --> 00:34:14,520 Speaker 1: I'm going to fight like heck to get there. 619 00:34:15,000 --> 00:34:16,759 Speaker 3: I'm going to fight like heck to get there. 620 00:34:16,880 --> 00:34:20,200 Speaker 2: You said a buzzword that I want to touch on 621 00:34:20,440 --> 00:34:22,840 Speaker 2: before I let you go today, and that buzzword is 622 00:34:22,920 --> 00:34:26,640 Speaker 2: stability for many people who are you know, they're in 623 00:34:26,719 --> 00:34:30,719 Speaker 2: this work now, they've recognized that they are willing to 624 00:34:30,719 --> 00:34:32,919 Speaker 2: make a change. Maybe they're at the point where they've 625 00:34:32,960 --> 00:34:36,000 Speaker 2: already articulated their why. They've got the sheets, they've got 626 00:34:36,080 --> 00:34:38,760 Speaker 2: the highlighters, they're making progress on their journey. 627 00:34:39,280 --> 00:34:41,000 Speaker 3: They want to think about stability. 628 00:34:41,440 --> 00:34:46,400 Speaker 2: What do you tell these people in terms of either 629 00:34:46,600 --> 00:34:50,280 Speaker 2: I would say a budgeting tip or thinking long term 630 00:34:50,480 --> 00:34:53,080 Speaker 2: about how they can find a little bit of that 631 00:34:53,560 --> 00:34:56,440 Speaker 2: stability when things do feel a little bit hectic. 632 00:34:57,160 --> 00:35:01,720 Speaker 1: Absolutely, stability lives outside of just your emergency fund. Okay, 633 00:35:01,800 --> 00:35:03,600 Speaker 1: I'm going to say that right now. I know a 634 00:35:03,600 --> 00:35:07,359 Speaker 1: lot of financial experts say your emergency funds all you need, 635 00:35:07,440 --> 00:35:11,840 Speaker 1: because unexpected things happen. An emergency fund is not enough. 636 00:35:11,960 --> 00:35:13,960 Speaker 1: And the reason I say that is because it's only 637 00:35:14,000 --> 00:35:19,480 Speaker 1: one option. Right. What brings stability to our lives? Options? 638 00:35:20,680 --> 00:35:22,719 Speaker 1: And so I teach people in the book, and I've 639 00:35:22,760 --> 00:35:25,480 Speaker 1: been teaching it for years, what are some ways that 640 00:35:25,520 --> 00:35:28,480 Speaker 1: we can create some other options in our lives to 641 00:35:28,600 --> 00:35:33,200 Speaker 1: take care of expenses or maybe unplanned or unexpected expenses 642 00:35:33,200 --> 00:35:35,759 Speaker 1: that pop up, Because really that's what gives us the anxiety, 643 00:35:35,840 --> 00:35:38,640 Speaker 1: right when we can't pay for things, or maybe we 644 00:35:38,719 --> 00:35:43,399 Speaker 1: lose some income, maybe a spouse loses their jobs. It's 645 00:35:43,440 --> 00:35:46,719 Speaker 1: how do we create options without being backed into our 646 00:35:46,880 --> 00:35:49,879 Speaker 1: corner to only use debt or emergency fund to pay 647 00:35:49,920 --> 00:35:54,360 Speaker 1: for things. It's like creating a miscellaneous category in your budget. 648 00:35:55,200 --> 00:35:59,120 Speaker 1: This is what I use for unplanned unexpected expenses between 649 00:35:59,120 --> 00:36:05,200 Speaker 1: my pay periods. Why because sometimes in life, unplanned unexpected 650 00:36:05,239 --> 00:36:08,880 Speaker 1: expenses pop up that don't fit into the category of 651 00:36:08,960 --> 00:36:12,120 Speaker 1: using our emergency fund. Right, your emergency fund should be 652 00:36:12,160 --> 00:36:15,520 Speaker 1: for true emergencies, but that's not real life. Those are 653 00:36:15,600 --> 00:36:18,480 Speaker 1: the only expenses that pop up. Let's be real. You know, 654 00:36:18,640 --> 00:36:21,640 Speaker 1: girlfriend calls and says, hey, Miko, I'm in town. I 655 00:36:21,680 --> 00:36:23,560 Speaker 1: haven't seen you in a year. I'd love to see you. 656 00:36:24,239 --> 00:36:27,000 Speaker 1: Or it's your child coming to you saying Mom, I've 657 00:36:26,960 --> 00:36:29,800 Speaker 1: forgot to tell you that I have this birthday party tomorrow, 658 00:36:30,280 --> 00:36:32,479 Speaker 1: or it's your mom saying I'm gonna be in town. 659 00:36:32,520 --> 00:36:34,520 Speaker 1: I'd love to get together with you all. 660 00:36:34,400 --> 00:36:37,960 Speaker 3: These or like an injury right right right. 661 00:36:38,120 --> 00:36:42,759 Speaker 1: Exactly, you know, like real life people, Okay, and that 662 00:36:42,840 --> 00:36:46,000 Speaker 1: lives outside of just our emergency funds. And then so 663 00:36:46,160 --> 00:36:50,840 Speaker 1: my miscellaneous envelope cash envelope. The category my budget is 664 00:36:50,880 --> 00:36:54,640 Speaker 1: an option I created for myself my checking account cushion 665 00:36:55,520 --> 00:36:58,399 Speaker 1: as an all cash spender. I realize that sometimes I'm 666 00:36:58,400 --> 00:37:02,320 Speaker 1: gonna do online shopping mm hmm. I realized that sometimes 667 00:37:02,360 --> 00:37:05,520 Speaker 1: a bill might be bigger than what I expected it 668 00:37:05,560 --> 00:37:09,080 Speaker 1: to be, right, So having that cushion in there gives 669 00:37:09,120 --> 00:37:10,919 Speaker 1: me peace of mind knowing I don't have to worry 670 00:37:10,960 --> 00:37:14,799 Speaker 1: about overdraft fees, and I have a little bit of 671 00:37:14,800 --> 00:37:19,840 Speaker 1: a backup cushion to possibly use maybe in an instant 672 00:37:19,920 --> 00:37:23,200 Speaker 1: or scenario that pops up in my life. This is 673 00:37:23,239 --> 00:37:26,719 Speaker 1: about ultimately giving ourselves a little bit of wiggle room, 674 00:37:26,719 --> 00:37:29,920 Speaker 1: because I do realize there are times where we are 675 00:37:29,960 --> 00:37:33,480 Speaker 1: living on really strict budgets. Right A lot of people 676 00:37:33,480 --> 00:37:36,920 Speaker 1: are living paycheck to paycheck. So it's looking at our 677 00:37:37,280 --> 00:37:39,840 Speaker 1: spending and our budget and figuring out, okay, where do 678 00:37:40,040 --> 00:37:42,360 Speaker 1: where do I have a little bit of wiggle room 679 00:37:42,520 --> 00:37:46,600 Speaker 1: where I could create possibly some more options, like sinking funds, 680 00:37:47,040 --> 00:37:50,200 Speaker 1: saving for a holiday or event you are constantly pressured 681 00:37:50,200 --> 00:37:53,880 Speaker 1: to use a credit card. There's so many little options 682 00:37:53,920 --> 00:37:56,160 Speaker 1: that we could create to give us options which then 683 00:37:56,280 --> 00:38:00,279 Speaker 1: lead to a little bit more stability. Taking care and 684 00:38:00,320 --> 00:38:02,080 Speaker 1: being prepared for the unknown. 685 00:38:03,520 --> 00:38:05,959 Speaker 2: Yeah, yeah, And I mean I feel like I learned 686 00:38:06,000 --> 00:38:09,480 Speaker 2: a lot about that, especially when I went out and 687 00:38:09,760 --> 00:38:13,400 Speaker 2: started being a contractor or freelancer, being my own boss 688 00:38:13,440 --> 00:38:16,640 Speaker 2: all the time. One of the biggest, most frequent questions 689 00:38:16,640 --> 00:38:19,279 Speaker 2: that I get from other individuals who are interested in 690 00:38:19,800 --> 00:38:22,440 Speaker 2: being an entrepreneur and going out on their own is 691 00:38:22,600 --> 00:38:25,560 Speaker 2: were you anxious about the lack of stability? And the 692 00:38:25,640 --> 00:38:29,319 Speaker 2: answer to that question is, of course yes. But when 693 00:38:29,360 --> 00:38:32,320 Speaker 2: you're going out and being an entrepreneur and trying to 694 00:38:32,360 --> 00:38:34,840 Speaker 2: find all these new opportunities, is up to you to 695 00:38:34,880 --> 00:38:38,200 Speaker 2: figure out what that new version of stability looks like. 696 00:38:38,280 --> 00:38:42,160 Speaker 2: Because stability for Emily when she worked at Conde Nast 697 00:38:42,280 --> 00:38:44,640 Speaker 2: and someone else was giving her a paycheck every other week, 698 00:38:44,840 --> 00:38:47,600 Speaker 2: was just that. It was the paycheck every other week. Now, 699 00:38:47,880 --> 00:38:52,359 Speaker 2: my stability threshold, or my view on stability. 700 00:38:51,920 --> 00:38:52,800 Speaker 3: It's a little bit different. 701 00:38:52,840 --> 00:38:54,839 Speaker 2: But I do have things that I have since put 702 00:38:54,880 --> 00:38:57,239 Speaker 2: in place since going on on my own that make 703 00:38:57,320 --> 00:38:59,759 Speaker 2: me know, Hey, you're going to be okay, no matter 704 00:38:59,760 --> 00:39:02,800 Speaker 2: what's that's going on here, no matter if our relationship shifts, 705 00:39:02,840 --> 00:39:04,920 Speaker 2: of us sponsor doesn't want to be on the show anymore, 706 00:39:04,960 --> 00:39:08,520 Speaker 2: whatever happens here. You have done so many things XYZ 707 00:39:08,680 --> 00:39:12,000 Speaker 2: whatever to set yourself to be okay, for I would 708 00:39:12,000 --> 00:39:14,600 Speaker 2: love to actually to hear your advice, perhaps for anyone 709 00:39:14,600 --> 00:39:17,120 Speaker 2: who may be interested in making a similar shift. 710 00:39:17,520 --> 00:39:21,440 Speaker 1: Yeah. Absolutely, you know, I will be very honest. Leaving 711 00:39:21,520 --> 00:39:24,680 Speaker 1: my full time job where I spent the last seven 712 00:39:24,760 --> 00:39:28,759 Speaker 1: years studying and getting designations and getting accreditations and all 713 00:39:28,760 --> 00:39:32,040 Speaker 1: these things. Leaving all that behind and working for myself 714 00:39:32,239 --> 00:39:34,640 Speaker 1: was the scariest thing I have ever done. I am 715 00:39:34,680 --> 00:39:37,320 Speaker 1: not going to lie. It took me a year and 716 00:39:37,400 --> 00:39:41,080 Speaker 1: a half to finally pull the plug and actually go 717 00:39:41,120 --> 00:39:46,320 Speaker 1: ahead and go through with it, because it's training, right, oh, planning. Absolutely. 718 00:39:46,520 --> 00:39:49,759 Speaker 1: There was a year where I had to For me 719 00:39:50,360 --> 00:39:54,840 Speaker 1: that stability meant savings, okay. I wanted to have a 720 00:39:55,040 --> 00:39:58,640 Speaker 1: significant amount saved because, like you said, when you are 721 00:39:58,640 --> 00:40:03,000 Speaker 1: an entrepreneur, your income is not guaranteed. Okay, it's not 722 00:40:03,040 --> 00:40:05,040 Speaker 1: like working at eight to five where you are guaranteed 723 00:40:05,080 --> 00:40:07,520 Speaker 1: a W two paycheck. And that's what, like you said, 724 00:40:07,600 --> 00:40:12,000 Speaker 1: gives us that stability. So for me, like you said, 725 00:40:12,000 --> 00:40:14,560 Speaker 1: I had to shift that and my stability meant now 726 00:40:14,600 --> 00:40:19,640 Speaker 1: having a savings plan in place in case my business 727 00:40:19,640 --> 00:40:25,200 Speaker 1: didn't make money, and still to this day that you know, 728 00:40:25,920 --> 00:40:30,760 Speaker 1: varying income in entrepreneurship is still very real and very scary. 729 00:40:31,440 --> 00:40:34,239 Speaker 1: But I think I think that because you know, I'm 730 00:40:34,239 --> 00:40:36,040 Speaker 1: not gonna lie. There are some days where I'm like, 731 00:40:37,120 --> 00:40:40,879 Speaker 1: what if my business just no longer exists? I think 732 00:40:40,920 --> 00:40:44,560 Speaker 1: about that all the time, right, because my business now 733 00:40:44,680 --> 00:40:46,879 Speaker 1: is not just taking care of me, it's taking care 734 00:40:46,920 --> 00:40:51,440 Speaker 1: of my kiddo, and that is what's scary. And so 735 00:40:51,560 --> 00:40:55,719 Speaker 1: I think that one is planning, making sure that you 736 00:40:55,920 --> 00:40:59,200 Speaker 1: have a plan in place to maybe take care of 737 00:40:59,239 --> 00:41:03,600 Speaker 1: some of that fluctuation that you're seeing with income. But 738 00:41:03,719 --> 00:41:07,640 Speaker 1: not only that. I had to have a very specific 739 00:41:07,760 --> 00:41:11,360 Speaker 1: business plan in place before I felt comfortable leaving my job. 740 00:41:11,760 --> 00:41:17,960 Speaker 1: And what that looked like was, you know, understanding my 741 00:41:18,160 --> 00:41:22,040 Speaker 1: business spending because it is very for me. I felt 742 00:41:22,080 --> 00:41:24,440 Speaker 1: like it was a little bit different than my personal spending. 743 00:41:25,560 --> 00:41:28,920 Speaker 1: And so it was learning kind of how to tackle 744 00:41:29,040 --> 00:41:33,920 Speaker 1: business finances from the very beginning, kind of like relearning. 745 00:41:34,560 --> 00:41:36,879 Speaker 1: And so I spent a year building this business plan, 746 00:41:37,040 --> 00:41:39,960 Speaker 1: like these are the expenses I'm willing to accept with 747 00:41:40,000 --> 00:41:43,800 Speaker 1: the business. This is where our income is coming from. Okay, 748 00:41:43,880 --> 00:41:46,520 Speaker 1: this is where I'm gonna throw this income. Like I 749 00:41:46,600 --> 00:41:50,319 Speaker 1: had to have like all these buckets, savings, buckets of like, hey, 750 00:41:50,320 --> 00:41:54,000 Speaker 1: this is for product production, this is for you know, marketing, 751 00:41:54,040 --> 00:41:56,399 Speaker 1: this is for I kind of had to learn all 752 00:41:56,440 --> 00:41:58,520 Speaker 1: this as I went along. So I think that my 753 00:41:58,640 --> 00:42:03,360 Speaker 1: number one tip is first to figure out what's happening 754 00:42:03,360 --> 00:42:06,000 Speaker 1: with your business as far as income and expenses, but 755 00:42:06,120 --> 00:42:11,160 Speaker 1: then figure out really what's realistic when it comes to 756 00:42:11,440 --> 00:42:14,759 Speaker 1: leaving your full time job and working for yourself as 757 00:42:14,800 --> 00:42:18,279 Speaker 1: far as creating that stability in your life. I have 758 00:42:18,320 --> 00:42:20,319 Speaker 1: a lot of people who jump the gun and they 759 00:42:20,719 --> 00:42:23,120 Speaker 1: go out and work for themselves and they realize, well, 760 00:42:23,120 --> 00:42:27,440 Speaker 1: my business just isn't making enough, right, So it's kind 761 00:42:27,480 --> 00:42:32,320 Speaker 1: of giving yourself time to realistically assess that jump. 762 00:42:33,040 --> 00:42:35,920 Speaker 2: Yeah, really thinking about it before just going on on 763 00:42:35,960 --> 00:42:38,319 Speaker 2: a whim. I feel like, you know, there's so many 764 00:42:38,320 --> 00:42:41,280 Speaker 2: people you will hear that say something like just trust 765 00:42:41,320 --> 00:42:43,640 Speaker 2: your gun, like it'll be fine, and like I do 766 00:42:43,719 --> 00:42:46,120 Speaker 2: feel as though, like when you're literally between a rock 767 00:42:46,120 --> 00:42:48,319 Speaker 2: and a hard place, like more often than not, you're 768 00:42:48,320 --> 00:42:50,239 Speaker 2: going to figure out how to make it fine. But 769 00:42:50,719 --> 00:42:56,040 Speaker 2: from an emotional pov from like an anxiety pov I believe, 770 00:42:56,080 --> 00:42:58,480 Speaker 2: and I was just like you that if you put 771 00:42:58,640 --> 00:43:01,600 Speaker 2: a certain amount of things in place and really think 772 00:43:01,680 --> 00:43:04,359 Speaker 2: about where it is that you're going again, going back 773 00:43:04,400 --> 00:43:07,799 Speaker 2: to that, why then that is the way to set 774 00:43:07,880 --> 00:43:11,440 Speaker 2: yourself up for success when it comes to perhaps taking 775 00:43:11,440 --> 00:43:13,879 Speaker 2: that step and going out and going out on your own. 776 00:43:13,960 --> 00:43:15,719 Speaker 3: Wow, so much good stuff within here. 777 00:43:15,800 --> 00:43:17,440 Speaker 2: I literally feel like I could just like talk to 778 00:43:17,480 --> 00:43:19,279 Speaker 2: you for another hour and again this. 779 00:43:19,280 --> 00:43:22,200 Speaker 3: Email is already mentally drafted in my mind, so stay 780 00:43:22,239 --> 00:43:22,799 Speaker 3: tuned for that. 781 00:43:23,040 --> 00:43:26,480 Speaker 2: But so amped about all these tips, so excited to 782 00:43:26,680 --> 00:43:29,239 Speaker 2: just connect with you and hear about your passions and 783 00:43:29,280 --> 00:43:32,160 Speaker 2: everything that you've got going on. Why don't you fill 784 00:43:32,239 --> 00:43:34,480 Speaker 2: us in one last time here? How do the hurtlers 785 00:43:34,520 --> 00:43:37,080 Speaker 2: follow along with you? How do they keep up with you? 786 00:43:37,360 --> 00:43:38,719 Speaker 2: Give me all of your details? 787 00:43:39,040 --> 00:43:42,080 Speaker 1: Yes, so you can find me every day over on Instagram. 788 00:43:42,120 --> 00:43:44,479 Speaker 1: This is where I share my real numbers, my real 789 00:43:44,560 --> 00:43:48,000 Speaker 1: journey at the budget mode on Instagram. You can also 790 00:43:48,120 --> 00:43:51,239 Speaker 1: follow us on YouTube where we have a ton of 791 00:43:51,400 --> 00:43:55,640 Speaker 1: just in depth video tutorials on walking through my philosophy, 792 00:43:55,760 --> 00:43:58,920 Speaker 1: my budget by paycheck method, creating a plan of attack 793 00:43:59,000 --> 00:44:02,560 Speaker 1: for your debt, your safe and investing goals, and then Also, 794 00:44:02,960 --> 00:44:06,040 Speaker 1: you can order my new book, My Money, My Way, 795 00:44:06,080 --> 00:44:09,040 Speaker 1: taking back control of your financial life at the budgetmom 796 00:44:09,160 --> 00:44:11,839 Speaker 1: dot com forward slash My Money, My Way. 797 00:44:12,640 --> 00:44:13,239 Speaker 3: We love it. 798 00:44:13,440 --> 00:44:17,040 Speaker 2: I am over at Hurdle Podcasts and at Emilybody Another 799 00:44:17,120 --> 00:44:18,240 Speaker 2: hurdle conquered. 800 00:44:18,520 --> 00:44:19,560 Speaker 3: Catch you guys next time.