1 00:00:01,000 --> 00:00:06,360 Speaker 1: Conversations on life, style, beauty, and relationships. It's The Velvet's 2 00:00:06,400 --> 00:00:09,920 Speaker 1: Edge Podcast with Kelly Henderson. Okay, it is October. It's 3 00:00:09,920 --> 00:00:13,560 Speaker 1: officially the month of spookiness. It's Halloween is just around 4 00:00:13,600 --> 00:00:16,599 Speaker 1: the corner, um, And so we decided this month on 5 00:00:16,760 --> 00:00:20,639 Speaker 1: V that everything was going to be around overcoming fears. 6 00:00:20,800 --> 00:00:24,599 Speaker 1: What fears we have just as humans, just um, you know, 7 00:00:24,640 --> 00:00:27,480 Speaker 1: people going through life right now in two I think 8 00:00:27,520 --> 00:00:29,440 Speaker 1: we have a lot of fears, and I think it 9 00:00:29,520 --> 00:00:32,800 Speaker 1: kind of spans over all areas of our life. I 10 00:00:32,840 --> 00:00:35,159 Speaker 1: always think about it emotionally, because you guys know, I'm 11 00:00:35,159 --> 00:00:38,479 Speaker 1: such a big feeler. But um, today we're actually going 12 00:00:38,520 --> 00:00:42,560 Speaker 1: to talk about it financially, which I'm so excited about. 13 00:00:43,159 --> 00:00:46,400 Speaker 1: Hannah kaneg is here. She is the founder of the 14 00:00:46,520 --> 00:00:49,240 Speaker 1: Leadwell Summit. And I was just telling you, Hannah, first 15 00:00:49,240 --> 00:00:53,159 Speaker 1: of all, Hi, Hi, I was so excited to be here. Um. 16 00:00:53,200 --> 00:00:55,560 Speaker 1: I was just telling you that I am forty years 17 00:00:55,640 --> 00:00:58,080 Speaker 1: old and I am just now at a point in 18 00:00:58,120 --> 00:00:59,840 Speaker 1: my life where I'm realizing, oh my gosh, I have 19 00:01:00,040 --> 00:01:04,800 Speaker 1: and fears around money and finances and it really might 20 00:01:04,880 --> 00:01:09,040 Speaker 1: be hindering me in business. So can you kind of 21 00:01:09,080 --> 00:01:11,600 Speaker 1: talk through. What are some of the common fears that 22 00:01:11,800 --> 00:01:18,240 Speaker 1: you see in people around money? Yeah? Well, in general, right, statistically, 23 00:01:18,440 --> 00:01:21,479 Speaker 1: fear and anxiety. Money is like the number one cause 24 00:01:21,520 --> 00:01:24,679 Speaker 1: of fear and anxiety for women. Yes, so you are 25 00:01:24,680 --> 00:01:29,760 Speaker 1: not alone. Um, this it's a universal experience. And I 26 00:01:29,800 --> 00:01:33,360 Speaker 1: think what's important to acknowledge is not necessarily you know, 27 00:01:33,480 --> 00:01:35,920 Speaker 1: there are a lot of different fears fear of like provision, 28 00:01:36,080 --> 00:01:37,600 Speaker 1: is it going to be enough? Have I put any 29 00:01:37,640 --> 00:01:43,319 Speaker 1: money away? Um? Am I being responsible? Am I good 30 00:01:43,319 --> 00:01:46,760 Speaker 1: with money? Like? Can I trust myself with money? And 31 00:01:46,800 --> 00:01:50,040 Speaker 1: there's so many and like being an entrepreneur myself. Entrepreneurship 32 00:01:50,120 --> 00:01:57,480 Speaker 1: is also just like a landmine for triggers, especially financial triggers, right, 33 00:01:57,600 --> 00:02:00,040 Speaker 1: like if you have if you have shipped that you 34 00:02:00,080 --> 00:02:02,240 Speaker 1: have not dealt with, or even if you have ship 35 00:02:02,240 --> 00:02:05,120 Speaker 1: that you've dealt with and you become an entrepreneur expected 36 00:02:05,200 --> 00:02:09,239 Speaker 1: to come back um, amplified. Right. But I think it's 37 00:02:09,240 --> 00:02:15,120 Speaker 1: more important to understand the cause of our fear with 38 00:02:15,240 --> 00:02:19,720 Speaker 1: money than it is to kind of individualize these kind 39 00:02:19,760 --> 00:02:23,120 Speaker 1: of micro problems, because when we have understanding of something 40 00:02:23,680 --> 00:02:26,200 Speaker 1: becomes a lot less scary because now we develop a 41 00:02:26,200 --> 00:02:31,000 Speaker 1: dialogue with it. Now we develop insight and perspective, and 42 00:02:31,040 --> 00:02:34,560 Speaker 1: that can create a sense of grounded nous um. It 43 00:02:34,600 --> 00:02:37,919 Speaker 1: can create clarity and how to show up for yourself, 44 00:02:39,360 --> 00:02:43,280 Speaker 1: just like paralyzed. Isn't it so funny? As I listen 45 00:02:43,320 --> 00:02:45,720 Speaker 1: to you talk, I'm like, Yeah, this is what we 46 00:02:45,800 --> 00:02:49,320 Speaker 1: talk about with relationships. Like when I talk about anything 47 00:02:49,360 --> 00:02:52,080 Speaker 1: else in my life, I do that exact work that 48 00:02:52,120 --> 00:02:54,040 Speaker 1: you're talking about. I look at like, where is this 49 00:02:54,120 --> 00:02:57,360 Speaker 1: coming from? What's the root cause? Why do I feel 50 00:02:57,400 --> 00:03:00,600 Speaker 1: this way? What is driving me? But first some reason 51 00:03:00,680 --> 00:03:04,360 Speaker 1: like money kind of gets left off the list. I 52 00:03:04,520 --> 00:03:06,760 Speaker 1: just have never really put that in a place of 53 00:03:07,320 --> 00:03:11,560 Speaker 1: kind of digesting like the root causes or how I 54 00:03:11,720 --> 00:03:14,000 Speaker 1: got here? And I think your story is so interesting, 55 00:03:14,040 --> 00:03:17,120 Speaker 1: specifically because as you mentioned, you're an entrepreneur, and I 56 00:03:17,200 --> 00:03:20,839 Speaker 1: know that now you're you know, a six figure multi 57 00:03:21,080 --> 00:03:24,240 Speaker 1: like many years of that, you work with Forbes all 58 00:03:24,280 --> 00:03:26,600 Speaker 1: the time. You have all these things going on, But 59 00:03:26,760 --> 00:03:30,440 Speaker 1: you grew up in poverty, So like, how did you 60 00:03:30,639 --> 00:03:32,400 Speaker 1: talk us through a little bit of your story, Like 61 00:03:32,440 --> 00:03:35,840 Speaker 1: how did you go from living under the poverty line 62 00:03:36,080 --> 00:03:40,320 Speaker 1: to being where you are now? Yeah? Well, circumstantially, like 63 00:03:40,480 --> 00:03:44,360 Speaker 1: as a child that I didn't have a lot of choice, right, 64 00:03:44,440 --> 00:03:47,520 Speaker 1: we were on food stamps. Um. Not only did we 65 00:03:47,560 --> 00:03:49,440 Speaker 1: not have a lot of money, but my parents fought 66 00:03:49,480 --> 00:03:54,160 Speaker 1: about money all the time. I watched my father especially, 67 00:03:54,160 --> 00:04:00,360 Speaker 1: make very very terrible financial choices and compromise relationship ships 68 00:04:00,640 --> 00:04:05,840 Speaker 1: and um, so it just, you know, my understanding was 69 00:04:05,880 --> 00:04:08,760 Speaker 1: worked from a very early age. It was like money 70 00:04:08,800 --> 00:04:11,480 Speaker 1: is this thing, you know, wealth is this thing that 71 00:04:11,760 --> 00:04:15,440 Speaker 1: people who not like who aren't like me have, And 72 00:04:16,200 --> 00:04:19,839 Speaker 1: so I didn't get that financial education. And really where 73 00:04:19,920 --> 00:04:26,240 Speaker 1: I had the hardest experience was in my early twenties, um, 74 00:04:26,240 --> 00:04:29,000 Speaker 1: trying to adult on my own, trying to go to school, 75 00:04:29,160 --> 00:04:33,520 Speaker 1: trying to figure out how to be in relationship with money, 76 00:04:33,560 --> 00:04:36,000 Speaker 1: and it seemed like everyone else had money figured out 77 00:04:36,040 --> 00:04:38,360 Speaker 1: and I did not, And I was just trying to 78 00:04:38,400 --> 00:04:41,760 Speaker 1: save face. And it I had so much shame and 79 00:04:41,800 --> 00:04:45,400 Speaker 1: I had so much fear. And I have made probably 80 00:04:46,040 --> 00:04:49,640 Speaker 1: almost every financial mistake a person can make, like you 81 00:04:49,720 --> 00:04:52,280 Speaker 1: name it, I've probably done it. I've never filed for bankruptcy. 82 00:04:52,360 --> 00:04:55,080 Speaker 1: I've never given money to a Nigerian prince, But like 83 00:04:55,160 --> 00:04:59,040 Speaker 1: that is it, you know about to check? Yes, overdrafted 84 00:04:59,080 --> 00:05:04,479 Speaker 1: my account more times than any person should done. It tanked, 85 00:05:04,520 --> 00:05:08,720 Speaker 1: my credit maxed out, retail cards that got sent to collections, done, 86 00:05:08,720 --> 00:05:11,799 Speaker 1: It had a car repossessed, done, it been evicted twice, 87 00:05:12,200 --> 00:05:17,839 Speaker 1: you know, just everything, and it just felt like such 88 00:05:17,920 --> 00:05:20,880 Speaker 1: a struggle. And I felt so afraid. And I saw 89 00:05:21,600 --> 00:05:26,919 Speaker 1: entrepreneurship is kind of this way out because I thought 90 00:05:27,080 --> 00:05:29,880 Speaker 1: money was the problem, and I was like, oh, it 91 00:05:29,960 --> 00:05:32,320 Speaker 1: must be that I just don't have enough of it, right, 92 00:05:32,360 --> 00:05:36,200 Speaker 1: because that'll fix everything. So, you know, I dove into 93 00:05:36,360 --> 00:05:39,000 Speaker 1: entrepreneurship and I started making more money, and then I 94 00:05:39,040 --> 00:05:42,840 Speaker 1: realized I was still terrified. Right. I worked on my credit, 95 00:05:42,920 --> 00:05:45,560 Speaker 1: I bought my first home. I had this multiple six 96 00:05:45,600 --> 00:05:49,520 Speaker 1: figure business. It was cash flowing really well, and you know, 97 00:05:49,680 --> 00:05:53,480 Speaker 1: with forty dollars in the bank, a hundred thousand dollars 98 00:05:53,480 --> 00:05:58,040 Speaker 1: in the bank, I had more anxiety than I ever had, right, 99 00:05:58,400 --> 00:06:01,719 Speaker 1: because then I'm going into the stories about like what 100 00:06:01,800 --> 00:06:04,359 Speaker 1: if this is just a fluke, Like what if I 101 00:06:04,480 --> 00:06:07,039 Speaker 1: just got lucky? Like can I maintain this? Can I 102 00:06:07,080 --> 00:06:09,679 Speaker 1: sustain this? Do I even know what I'm doing? And 103 00:06:09,680 --> 00:06:11,560 Speaker 1: and I had no idea what to do next. Like 104 00:06:11,640 --> 00:06:15,040 Speaker 1: I remember that first after my first multiple six figure 105 00:06:15,120 --> 00:06:18,000 Speaker 1: year tax season coming around and just being like I 106 00:06:18,080 --> 00:06:22,120 Speaker 1: hope what I have saved is enough to cover what 107 00:06:22,200 --> 00:06:24,480 Speaker 1: I owe, and I have no idea what that is. 108 00:06:24,520 --> 00:06:28,680 Speaker 1: And luckily I had done enough inner work at that 109 00:06:28,800 --> 00:06:32,359 Speaker 1: time to have an awareness that like to be clear 110 00:06:32,400 --> 00:06:35,520 Speaker 1: that oh I am the problem, right, Like, there's no 111 00:06:36,279 --> 00:06:39,279 Speaker 1: at this point in my life after because I understood 112 00:06:39,320 --> 00:06:42,599 Speaker 1: myself as capable in many other areas, so I was like, 113 00:06:42,600 --> 00:06:45,680 Speaker 1: there's really no, Like I can't blame my parents at 114 00:06:45,680 --> 00:06:48,680 Speaker 1: this stage. I can't blame society. I can't blame what 115 00:06:48,720 --> 00:06:51,880 Speaker 1: I did or didn't get. If I want a different experience, 116 00:06:52,680 --> 00:06:54,640 Speaker 1: I need to do something about this. And I dove 117 00:06:54,640 --> 00:06:58,279 Speaker 1: into financial literacy because I was so sick of being afraid. 118 00:06:58,600 --> 00:07:03,039 Speaker 1: And I was afraid like not just cognitive anxiety and 119 00:07:03,040 --> 00:07:06,760 Speaker 1: mental chatter, but like somatically like I would feel like 120 00:07:06,800 --> 00:07:09,360 Speaker 1: I would get a financial trigger and my whole solar 121 00:07:09,400 --> 00:07:11,720 Speaker 1: plexus would be on fire, or I feel sick to 122 00:07:11,720 --> 00:07:13,560 Speaker 1: my stomach and I would just like lay down or 123 00:07:13,600 --> 00:07:16,920 Speaker 1: go to bed early and have to like self soothed 124 00:07:16,960 --> 00:07:20,720 Speaker 1: because and self regulate because I was just terrified, right 125 00:07:20,720 --> 00:07:25,320 Speaker 1: like I was in a trauma response. Yeah, yeah, so 126 00:07:25,560 --> 00:07:28,080 Speaker 1: interesting to me because even as I listen to you 127 00:07:28,120 --> 00:07:31,720 Speaker 1: talk like I love hearing I am the problem because 128 00:07:32,000 --> 00:07:34,560 Speaker 1: it's it is true, like I work for myself, and 129 00:07:34,600 --> 00:07:38,840 Speaker 1: so so many times I've gotten into the misconception like 130 00:07:38,880 --> 00:07:40,720 Speaker 1: what you're saying, I just need to make more money, 131 00:07:41,200 --> 00:07:45,680 Speaker 1: and so the hustle gets bigger. But even when I've realized, 132 00:07:45,720 --> 00:07:47,920 Speaker 1: like the years that I've made the most money and 133 00:07:48,000 --> 00:07:50,120 Speaker 1: like things that if you would have told me when 134 00:07:50,120 --> 00:07:53,119 Speaker 1: I was a kid, i'd be doing like financially, even 135 00:07:53,560 --> 00:07:56,920 Speaker 1: I would be like what, no way. But when I'm 136 00:07:56,920 --> 00:07:59,120 Speaker 1: in the moment, it's like it's not enough, you know, 137 00:07:59,200 --> 00:08:02,960 Speaker 1: Like I still of this like scarcity mindset. It's all 138 00:08:03,000 --> 00:08:06,440 Speaker 1: going to go away. I'm gonna lose it all. I 139 00:08:06,520 --> 00:08:09,240 Speaker 1: don't know what to do with it. Like I think 140 00:08:09,240 --> 00:08:12,480 Speaker 1: as a woman too, and I'm single and I work 141 00:08:12,560 --> 00:08:15,680 Speaker 1: for myself, and so like retirement, all that stuff is 142 00:08:15,800 --> 00:08:19,760 Speaker 1: so overwhelming to think about, and so it just can 143 00:08:19,800 --> 00:08:21,760 Speaker 1: sort of like when you get overwhelmed, like you're saying, 144 00:08:21,800 --> 00:08:24,080 Speaker 1: you feel sick at your stomach, you just shut down too, 145 00:08:24,400 --> 00:08:26,960 Speaker 1: you know. And it's like a lot of times with money, 146 00:08:27,040 --> 00:08:28,960 Speaker 1: I just want to look the other way. I'm like, 147 00:08:29,200 --> 00:08:30,960 Speaker 1: let me just go make more. I know how to 148 00:08:31,000 --> 00:08:33,840 Speaker 1: do that, you know. And that's just like what you said, 149 00:08:33,840 --> 00:08:37,600 Speaker 1: you're gonna keep bumping up against yourself though, Yeah, and 150 00:08:37,640 --> 00:08:40,840 Speaker 1: it's so true. And for me, I realized that making 151 00:08:40,880 --> 00:08:44,040 Speaker 1: more wasn't it wasn't like more cash flow was not 152 00:08:44,080 --> 00:08:47,760 Speaker 1: building wealth, right, it's not building legitimate wealth. It was 153 00:08:47,840 --> 00:08:50,640 Speaker 1: just more cash flow, you know. So if and this 154 00:08:50,720 --> 00:08:55,360 Speaker 1: is really common statistically only, it's like under of women 155 00:08:55,480 --> 00:08:59,839 Speaker 1: are investing, and right now is a great example. You 156 00:09:00,000 --> 00:09:03,760 Speaker 1: can see that with inflation as high as it is, 157 00:09:03,880 --> 00:09:06,480 Speaker 1: right between eight and ten percent, is where it's fascilating. 158 00:09:07,120 --> 00:09:09,760 Speaker 1: That money that you're just piling into a savings account 159 00:09:10,960 --> 00:09:16,160 Speaker 1: is shrinking, is just slowly shrinking. And so like it's 160 00:09:16,160 --> 00:09:21,320 Speaker 1: important to acknowledge that we have the ability to course correct, right, 161 00:09:21,520 --> 00:09:23,840 Speaker 1: We have the ability to create the kind of relationship 162 00:09:23,880 --> 00:09:27,280 Speaker 1: we want with money. And there are also you know, 163 00:09:27,800 --> 00:09:34,440 Speaker 1: systemic and institutional and um cultural things that we bump 164 00:09:34,520 --> 00:09:38,880 Speaker 1: up against and narratives that impact us. That so some 165 00:09:39,000 --> 00:09:41,520 Speaker 1: of what we some of the ways that we experience 166 00:09:41,559 --> 00:09:47,839 Speaker 1: ourselves might not even be what we truly believe about ourselves, right, 167 00:09:47,880 --> 00:09:51,960 Speaker 1: They're just what we've digested. So what do you mean 168 00:09:52,000 --> 00:09:56,240 Speaker 1: by that? So how do I want to break this 169 00:09:56,320 --> 00:10:01,120 Speaker 1: down for you? Women have an immense amount of financial power. Okay, 170 00:10:01,240 --> 00:10:04,559 Speaker 1: Like it's insane. If we just look at statistics, women 171 00:10:04,559 --> 00:10:09,160 Speaker 1: outperform men as investors by a pretty considerable margin. Um, 172 00:10:09,240 --> 00:10:13,920 Speaker 1: we hold the majority of purchasing power. Um, we're better 173 00:10:14,000 --> 00:10:18,040 Speaker 1: to lend to statistically, right, we're more likely to pay 174 00:10:18,080 --> 00:10:23,520 Speaker 1: back when we borrow money. But our financial power goes 175 00:10:23,640 --> 00:10:27,800 Speaker 1: largely unacknowledged. Right, So there are a lot of cultural 176 00:10:27,880 --> 00:10:31,760 Speaker 1: narratives like for women examples. Just for an example, it's 177 00:10:31,800 --> 00:10:36,960 Speaker 1: not considered appropriate necessarily to talk about money and don't 178 00:10:37,000 --> 00:10:40,920 Speaker 1: talk about money, which means right that that keeps us 179 00:10:40,920 --> 00:10:46,040 Speaker 1: siloed from having conversations like this that normalize our experience. Um, 180 00:10:46,120 --> 00:10:50,800 Speaker 1: and when you are in an experience when you have power, 181 00:10:51,000 --> 00:10:54,800 Speaker 1: but when you your lived experience, is that that power 182 00:10:54,920 --> 00:10:58,679 Speaker 1: goes unacknowledged. And and not only does it go unacknowledged, 183 00:10:58,760 --> 00:11:01,640 Speaker 1: I will point out there are we receive a lot 184 00:11:01,679 --> 00:11:04,480 Speaker 1: of messages that directly tell us the opposite, that we 185 00:11:04,480 --> 00:11:08,120 Speaker 1: are not financially powerful. Especially in mainstream finance. It's like, well, 186 00:11:08,160 --> 00:11:11,480 Speaker 1: women aren't really you know, investing because their risk averse, 187 00:11:11,720 --> 00:11:16,079 Speaker 1: which is actually not true because you know they spend 188 00:11:16,080 --> 00:11:20,800 Speaker 1: their money on shoes because they're impulsive. Not true. Right, 189 00:11:20,840 --> 00:11:24,079 Speaker 1: So when we get messages that are consistently telling us 190 00:11:24,160 --> 00:11:28,160 Speaker 1: that we are not powerful, when we're our power goes unacknowledged, 191 00:11:28,480 --> 00:11:31,040 Speaker 1: when no one is showing us how to be in 192 00:11:31,120 --> 00:11:34,840 Speaker 1: relationship with our power, we start to believe that we 193 00:11:34,880 --> 00:11:37,840 Speaker 1: are powerless. And I don't know if you've ever had 194 00:11:37,880 --> 00:11:42,280 Speaker 1: an experience where you felt powerless, but it is scary, right, 195 00:11:42,360 --> 00:11:47,960 Speaker 1: it is. Yeah, Like I remember being in Bali and 196 00:11:48,000 --> 00:11:49,880 Speaker 1: I was in this beautiful hotel and there was an 197 00:11:49,880 --> 00:11:52,680 Speaker 1: earthquake and it wasn't even that big, but I've never 198 00:11:52,720 --> 00:11:56,040 Speaker 1: experienced an earthquake before, And in that, in an instant, 199 00:11:56,080 --> 00:12:00,280 Speaker 1: I realized, there's nothing I can do if if the 200 00:12:00,320 --> 00:12:02,840 Speaker 1: earthquake is happening, there's nothing I can do to like 201 00:12:03,080 --> 00:12:07,080 Speaker 1: course correct the situation. I am powerless, and that's terrifying. 202 00:12:07,600 --> 00:12:11,719 Speaker 1: And when we start to like the impact of that, 203 00:12:11,880 --> 00:12:15,120 Speaker 1: the impact of just feeling powerless even though we have 204 00:12:15,280 --> 00:12:18,880 Speaker 1: financial power, if we don't, if we don't feel financially powerful, 205 00:12:19,240 --> 00:12:23,160 Speaker 1: we start not to trust ourselves with money. We start 206 00:12:23,240 --> 00:12:26,840 Speaker 1: to outsource our financial power. We start to look to 207 00:12:26,880 --> 00:12:29,880 Speaker 1: somebody else to make the financial decisions, or to tell 208 00:12:29,920 --> 00:12:32,640 Speaker 1: us what to do, or to give us permission to 209 00:12:32,760 --> 00:12:35,360 Speaker 1: take the next right financial step right, or to give 210 00:12:35,440 --> 00:12:39,520 Speaker 1: us permission to earn more. So, if you don't feel powerful, 211 00:12:39,559 --> 00:12:41,600 Speaker 1: if you don't feel safe with money, if you don't 212 00:12:41,679 --> 00:12:44,560 Speaker 1: feel like you can trust yourself with money, then asking 213 00:12:44,600 --> 00:12:47,720 Speaker 1: for a raise becomes really fucking hard. So I had 214 00:12:47,760 --> 00:12:50,120 Speaker 1: an experience yesterday and I was like, oh, I'm so 215 00:12:50,160 --> 00:12:55,400 Speaker 1: excited to have this podcast tomorrow because um, I interpreted 216 00:12:55,440 --> 00:12:58,320 Speaker 1: this to be kind of because I'm a woman, but 217 00:12:59,040 --> 00:13:02,680 Speaker 1: you know whatever, I don't know anyone's intentions. But I 218 00:13:02,720 --> 00:13:04,720 Speaker 1: was dealing with a producer about a job, and when 219 00:13:04,760 --> 00:13:07,760 Speaker 1: he called me, I told him my day rate and like, 220 00:13:07,800 --> 00:13:09,440 Speaker 1: my day rate is my day rate. That's just it, 221 00:13:09,720 --> 00:13:12,080 Speaker 1: you know. But they were like, well, we only have 222 00:13:12,240 --> 00:13:16,319 Speaker 1: the actor for eight hours, and so would you like, 223 00:13:16,400 --> 00:13:18,600 Speaker 1: we are tied on the budget, this is what we 224 00:13:18,600 --> 00:13:20,800 Speaker 1: already had in and you're more expensive than that, but 225 00:13:20,840 --> 00:13:24,079 Speaker 1: we want you so would you like, um, calm down 226 00:13:24,200 --> 00:13:26,160 Speaker 1: because it's eight hours. And I was like, yeah, you know, 227 00:13:26,280 --> 00:13:28,320 Speaker 1: like I can do that. I can be flexible and like, 228 00:13:28,800 --> 00:13:33,520 Speaker 1: um work with people. Then I get to set. Yesterday 229 00:13:33,640 --> 00:13:36,640 Speaker 1: and um, it wasn't an eight hour day. It was 230 00:13:36,679 --> 00:13:39,360 Speaker 1: a ten hour day. And I was like, wait, that's 231 00:13:39,360 --> 00:13:41,800 Speaker 1: not what I was told. But I was already there, 232 00:13:41,840 --> 00:13:44,520 Speaker 1: already working with the person, like we had already started 233 00:13:44,520 --> 00:13:47,000 Speaker 1: shooting when I realized this, And so I went to 234 00:13:47,040 --> 00:13:49,480 Speaker 1: the producer and I said, you know, I'm going to 235 00:13:49,600 --> 00:13:53,200 Speaker 1: stay because I'm professional and this job is important to me, 236 00:13:53,559 --> 00:13:57,640 Speaker 1: but I feel really misled and what we agreed upon 237 00:13:58,080 --> 00:14:00,840 Speaker 1: financially was based on a certain amount of time that 238 00:14:00,960 --> 00:14:03,280 Speaker 1: was presented to me, and I showed up today and 239 00:14:03,360 --> 00:14:06,040 Speaker 1: that's not what's happening. And he was like, okay, well, 240 00:14:06,040 --> 00:14:07,880 Speaker 1: maybe I can get you out early because he knew 241 00:14:07,880 --> 00:14:10,880 Speaker 1: we messed up, but that would mean me compromising my work, 242 00:14:11,240 --> 00:14:15,480 Speaker 1: you know, like there was never any like money conversation again. 243 00:14:15,640 --> 00:14:17,560 Speaker 1: He was just like, I don't know, and I but 244 00:14:17,600 --> 00:14:21,000 Speaker 1: I said specifically, like you know, I think I'm feeling 245 00:14:21,040 --> 00:14:23,560 Speaker 1: like I just need to say this, and I'm if 246 00:14:23,600 --> 00:14:25,480 Speaker 1: we ever work together again, like I'm going to ask 247 00:14:25,520 --> 00:14:28,720 Speaker 1: for a lot more clarity and specifics beforehand, because like 248 00:14:28,760 --> 00:14:30,720 Speaker 1: I just feel a little taken advantage of right now, 249 00:14:31,320 --> 00:14:34,160 Speaker 1: but that I've been doing this for fifteen years, I 250 00:14:34,160 --> 00:14:36,720 Speaker 1: would have never done that, you know, Like I would 251 00:14:36,720 --> 00:14:39,680 Speaker 1: have been really scared to stand up for myself because 252 00:14:39,720 --> 00:14:42,000 Speaker 1: you you run the risk of, like this person is 253 00:14:42,040 --> 00:14:44,960 Speaker 1: never going to call me again. But there's this weird 254 00:14:45,120 --> 00:14:47,480 Speaker 1: thing transitioning in me. And maybe this is an age thing, 255 00:14:47,840 --> 00:14:49,480 Speaker 1: but where I'm like, no, I have to know my 256 00:14:49,600 --> 00:14:52,600 Speaker 1: worth and my job and I have enough for like 257 00:14:53,320 --> 00:14:55,440 Speaker 1: what you know, there is inflation happening. I have to 258 00:14:55,440 --> 00:14:59,040 Speaker 1: pay my bills, Like my budget isn't really my problem, 259 00:14:59,200 --> 00:15:02,680 Speaker 1: Like that's for you to figure out, um, But it's scary, 260 00:15:02,920 --> 00:15:05,360 Speaker 1: and I think as a woman, it's even more scary. 261 00:15:05,440 --> 00:15:09,160 Speaker 1: Like I see men very easily. It seems the story 262 00:15:09,240 --> 00:15:10,640 Speaker 1: I make up is that it's easy for them to 263 00:15:10,680 --> 00:15:13,080 Speaker 1: be like I deserve this. No, I won't work for that, 264 00:15:13,760 --> 00:15:18,520 Speaker 1: you know what I mean. Yeah, Self advocacy is so 265 00:15:18,720 --> 00:15:24,360 Speaker 1: uncomfortable and and scary, especially when you are you have 266 00:15:24,480 --> 00:15:27,840 Speaker 1: a layer of identity where there are less opportunities for 267 00:15:27,960 --> 00:15:32,440 Speaker 1: you as already because because there are layers of responsibility 268 00:15:32,440 --> 00:15:34,040 Speaker 1: that come with that, right, Like I was booked on 269 00:15:34,040 --> 00:15:37,680 Speaker 1: a podcast and and it was a pretty big podcast 270 00:15:37,720 --> 00:15:39,560 Speaker 1: and the last time they had a female speaker on 271 00:15:40,160 --> 00:15:43,320 Speaker 1: was over a year ago, and so there was this 272 00:15:43,440 --> 00:15:45,840 Speaker 1: part of me that felt like, if I mess this up, 273 00:15:45,920 --> 00:15:48,240 Speaker 1: I'm not messing it up for just me, I'm messing 274 00:15:48,240 --> 00:15:50,880 Speaker 1: it up for everyone, right, Like we need to get 275 00:15:50,880 --> 00:15:54,600 Speaker 1: in the door, and nobody is going to advocate for us. 276 00:15:55,160 --> 00:16:00,120 Speaker 1: And so you are learning that that the necessity of 277 00:16:00,120 --> 00:16:04,440 Speaker 1: self advocacy, right, even if it's uncomfortable, because to actually 278 00:16:04,480 --> 00:16:08,160 Speaker 1: be able to adequately advocate for yourself and your worth, 279 00:16:09,280 --> 00:16:13,920 Speaker 1: you have to be willing to walk away. That that 280 00:16:14,040 --> 00:16:15,920 Speaker 1: is the key because for me too, I'm in a 281 00:16:16,000 --> 00:16:19,280 Speaker 1: job where it's like the next person is standing right 282 00:16:19,280 --> 00:16:22,720 Speaker 1: there and they will do it for the lower rate, 283 00:16:22,920 --> 00:16:25,800 Speaker 1: and like, so you like risk, you risk losing the 284 00:16:25,880 --> 00:16:28,680 Speaker 1: job and never getting caught again in the business I'm 285 00:16:28,720 --> 00:16:31,920 Speaker 1: in because it's so competitive. But what I realized yesterday 286 00:16:32,040 --> 00:16:35,160 Speaker 1: was like, if I don't say this though, I'm just 287 00:16:35,720 --> 00:16:38,960 Speaker 1: playing a part in that problem too, like because like 288 00:16:39,040 --> 00:16:41,440 Speaker 1: the younger people will undercut me all the time because 289 00:16:41,440 --> 00:16:43,840 Speaker 1: they want the job, and it's like, no, I have 290 00:16:43,920 --> 00:16:48,400 Speaker 1: to trust in my skill set and my experience and 291 00:16:48,480 --> 00:16:50,760 Speaker 1: know that like if I'm standing up for myself and 292 00:16:50,760 --> 00:16:54,160 Speaker 1: I'll lose this gig, like they'll get what they paid for. Yeah, 293 00:16:54,520 --> 00:16:56,200 Speaker 1: or you have to trust that they can figure out 294 00:16:56,200 --> 00:16:59,120 Speaker 1: how to come up with the difference. They can always 295 00:16:59,280 --> 00:17:02,680 Speaker 1: that's the thing. And you have to say this is it, 296 00:17:02,840 --> 00:17:05,639 Speaker 1: and and you can say and this is why, right, Like, 297 00:17:05,720 --> 00:17:10,000 Speaker 1: here's the do I love that? So when we're advocating 298 00:17:10,040 --> 00:17:12,800 Speaker 1: for ourselves, whether you're asking for a raise, whether you're 299 00:17:12,840 --> 00:17:17,960 Speaker 1: you know, negotiating with um some kind of contract, you know, 300 00:17:18,320 --> 00:17:23,080 Speaker 1: or a partnership, coming prepared with the data, giving them 301 00:17:23,080 --> 00:17:26,040 Speaker 1: a reason why you cost what you cost is great 302 00:17:26,200 --> 00:17:28,439 Speaker 1: because like, because I'm worth it is nice, but it 303 00:17:28,480 --> 00:17:30,080 Speaker 1: doesn't make you feel like you have much of a 304 00:17:30,160 --> 00:17:32,879 Speaker 1: leg to stand on. But what you can say, hey, 305 00:17:33,080 --> 00:17:36,080 Speaker 1: here's what I bring to the table, right, Like you 306 00:17:36,119 --> 00:17:38,840 Speaker 1: can you can definitely get someone cheaper, but you can't 307 00:17:38,840 --> 00:17:41,520 Speaker 1: get someone with this level of experience, right, you can't 308 00:17:41,560 --> 00:17:43,800 Speaker 1: get someone that has this, this, this and this and 309 00:17:43,920 --> 00:17:47,560 Speaker 1: this is how it's going to support you in this company. So, um, 310 00:17:47,600 --> 00:17:50,200 Speaker 1: I'm happy to talk, you know, I'm happy to offer 311 00:17:50,240 --> 00:17:52,520 Speaker 1: you my day rate or I'm happy to offer you 312 00:17:52,560 --> 00:17:54,919 Speaker 1: this hourly rate, which might be a little more depending 313 00:17:54,920 --> 00:17:59,760 Speaker 1: on how long your project runs. Yeah, oh wow, god 314 00:18:00,000 --> 00:18:04,040 Speaker 1: see I needed you yesterday. You can you can text 315 00:18:04,080 --> 00:18:06,840 Speaker 1: me next time, Okay, I'll be like you know what 316 00:18:06,880 --> 00:18:11,280 Speaker 1: do I say? Pretty? There's low balling me and it 317 00:18:11,359 --> 00:18:13,480 Speaker 1: and it happens all of the time, and the people 318 00:18:13,480 --> 00:18:16,920 Speaker 1: who take the hit or the people who are like, gosh, well, 319 00:18:16,920 --> 00:18:21,600 Speaker 1: what happens if instead of the people feel like fear 320 00:18:21,720 --> 00:18:24,040 Speaker 1: and that that to me is like the huge fear 321 00:18:24,080 --> 00:18:26,600 Speaker 1: around money, because it's like, especially after the pandemic, like 322 00:18:26,640 --> 00:18:29,400 Speaker 1: my job went away and so you were just like, okay, 323 00:18:29,440 --> 00:18:32,040 Speaker 1: I gotta take whatever, you know, and the hustle is back, 324 00:18:32,160 --> 00:18:35,560 Speaker 1: and then now I think there's this just another fear, 325 00:18:35,760 --> 00:18:39,160 Speaker 1: is that that will happen again, and like there won't 326 00:18:39,240 --> 00:18:41,359 Speaker 1: be p P P loans next time or something, you 327 00:18:41,359 --> 00:18:43,080 Speaker 1: know what I mean. Like if there's all these other 328 00:18:43,240 --> 00:18:45,520 Speaker 1: fears that start to play in and you're like, just 329 00:18:45,600 --> 00:18:48,359 Speaker 1: do it, but what ends up happening? Like anything else 330 00:18:48,400 --> 00:18:52,000 Speaker 1: in life, when we neglect ourselves are abandon ourselves, you 331 00:18:52,080 --> 00:18:55,000 Speaker 1: just get really resentful. So it's kind of like bitter 332 00:18:55,240 --> 00:18:58,679 Speaker 1: for a while on set yesterday and frustrated and I 333 00:18:58,680 --> 00:19:00,439 Speaker 1: felt like I had a bad attitude and that's not 334 00:19:00,480 --> 00:19:02,639 Speaker 1: the energy I want to bring to my job, you know, 335 00:19:02,800 --> 00:19:07,360 Speaker 1: And so it's like it's really important to not abandon 336 00:19:07,400 --> 00:19:11,320 Speaker 1: yourself again in all areas of life. And then their 337 00:19:11,440 --> 00:19:15,320 Speaker 1: bullshit is compromising your ability to show up right because 338 00:19:15,359 --> 00:19:17,480 Speaker 1: I'm not even focused on my client. Then I'm sitting 339 00:19:17,480 --> 00:19:21,159 Speaker 1: here being like, wait, this asshole. Yeah, you're like Chad, like, 340 00:19:21,240 --> 00:19:26,880 Speaker 1: what the hell? Right? Exactly? I hate Chad. Yeah. This 341 00:19:26,960 --> 00:19:31,119 Speaker 1: is why I'm such an advocate for women building wealth 342 00:19:31,280 --> 00:19:36,800 Speaker 1: because wealth equals optionality, right, and part of that is 343 00:19:36,800 --> 00:19:42,120 Speaker 1: the option to say no. Wealth equals access, wealth equals opportunity, 344 00:19:42,160 --> 00:19:47,359 Speaker 1: wealth equals resource. And when we have tangible wealth, when 345 00:19:47,400 --> 00:19:51,679 Speaker 1: when we are prioritizing being in relationship with the scary 346 00:19:51,760 --> 00:19:55,880 Speaker 1: thing that is money, um and and building that relationship 347 00:19:55,920 --> 00:20:00,359 Speaker 1: and building our own trust of our own financial power, 348 00:20:00,520 --> 00:20:03,400 Speaker 1: building our understanding of how we can how we use 349 00:20:04,000 --> 00:20:07,760 Speaker 1: that power when we when you feel powerful walking into 350 00:20:07,840 --> 00:20:10,520 Speaker 1: that room, walking into that conversation, then you're not afraid 351 00:20:10,560 --> 00:20:14,880 Speaker 1: to say no. I I just love the comparison again, 352 00:20:14,920 --> 00:20:16,800 Speaker 1: I feel it. It's like the same thing as if 353 00:20:16,920 --> 00:20:19,920 Speaker 1: you're in a relationship and the guy is ghosting you. 354 00:20:20,040 --> 00:20:21,879 Speaker 1: Like you said, you have to be willing to walk away, 355 00:20:22,240 --> 00:20:24,840 Speaker 1: but like if you're scared to walk back into your 356 00:20:24,880 --> 00:20:27,440 Speaker 1: life because you don't even know what your life is anymore, 357 00:20:27,520 --> 00:20:29,840 Speaker 1: who you are, it makes it a lot harder. But 358 00:20:29,880 --> 00:20:33,400 Speaker 1: if you have your own security within yourself, and I'm 359 00:20:33,440 --> 00:20:35,600 Speaker 1: hearing that with the comparison of like, if you have 360 00:20:35,800 --> 00:20:38,640 Speaker 1: your own wealth, you're not going to have so much 361 00:20:38,680 --> 00:20:42,760 Speaker 1: fear around walking away or standing up for yourself or 362 00:20:42,800 --> 00:20:45,800 Speaker 1: asking for your needs, like those kind of things. Can 363 00:20:45,840 --> 00:20:48,240 Speaker 1: you tell me, like, what what is wealth? What does 364 00:20:48,240 --> 00:20:51,520 Speaker 1: that even mean? Yeah, So when I'm talking about wealth, 365 00:20:51,600 --> 00:20:54,439 Speaker 1: I am talking about your net worth. I'm not just 366 00:20:54,480 --> 00:20:56,919 Speaker 1: talking about you know, a lump of cash or the 367 00:20:56,920 --> 00:21:01,560 Speaker 1: scheduled cash that's coming in. I am talking about out assets, 368 00:21:02,240 --> 00:21:07,040 Speaker 1: equity and investment portfolio. Um, I'm talking about wealth in 369 00:21:07,080 --> 00:21:10,920 Speaker 1: that tangible way where you have that immense amount of value, 370 00:21:11,680 --> 00:21:17,640 Speaker 1: monetary value that provides that opportunity, that provides that optionality 371 00:21:17,680 --> 00:21:21,040 Speaker 1: that we sometimes hear like people call like fuck you money. 372 00:21:21,320 --> 00:21:24,840 Speaker 1: And and so that can be assets in in real estate, 373 00:21:24,920 --> 00:21:28,320 Speaker 1: that can be a portfolio in the stock market. You know, 374 00:21:28,359 --> 00:21:30,679 Speaker 1: there are a lot of different ways to diversify your wealth. 375 00:21:30,960 --> 00:21:35,000 Speaker 1: But but having tangible financial wealth, right, not just wealth 376 00:21:35,040 --> 00:21:38,840 Speaker 1: as in and and our expression of wealth is vast right, 377 00:21:39,119 --> 00:21:42,160 Speaker 1: and we can get really like quite esoteric and mystical 378 00:21:42,280 --> 00:21:46,360 Speaker 1: with that, you know, like worthy, you know, I'm rich 379 00:21:46,480 --> 00:21:50,240 Speaker 1: in relationships. I remember my dad bought us this book 380 00:21:50,240 --> 00:21:53,600 Speaker 1: when year for Christmas called we Have We Had Everything 381 00:21:53,640 --> 00:21:55,320 Speaker 1: but Money, and it was like this picture book from 382 00:21:55,359 --> 00:21:59,359 Speaker 1: the Great Depression, and I was like, this is literally depressing, 383 00:22:00,160 --> 00:22:03,840 Speaker 1: like that that message is like, hey, like this, this 384 00:22:03,960 --> 00:22:07,640 Speaker 1: element of your power is not important, right, Money isn't everything. 385 00:22:07,880 --> 00:22:10,920 Speaker 1: We hear that all the time, and that's true. It's 386 00:22:10,960 --> 00:22:13,600 Speaker 1: not everything, but it is something. So that's what I 387 00:22:13,640 --> 00:22:17,080 Speaker 1: mean when I'm talking about wealth, okay, and when people 388 00:22:17,240 --> 00:22:19,760 Speaker 1: like maybe people are listening right now and they're like wealth, 389 00:22:20,040 --> 00:22:23,359 Speaker 1: I'm just literally trying to survive right now. And I 390 00:22:23,359 --> 00:22:26,000 Speaker 1: think that's kind of a common theme after the pandemic. 391 00:22:26,040 --> 00:22:27,119 Speaker 1: I mean, I think a lot of people are in 392 00:22:27,119 --> 00:22:29,360 Speaker 1: the same shoes that I was. They lost their jobs 393 00:22:29,600 --> 00:22:34,040 Speaker 1: or I think we're scared. Um. There is inflation happening, 394 00:22:34,119 --> 00:22:37,119 Speaker 1: so things are just more expensive, like even gas for 395 00:22:37,160 --> 00:22:40,240 Speaker 1: a while, you know, And so like when they're thinking 396 00:22:40,320 --> 00:22:43,520 Speaker 1: maybe in the term of terms of that and listening 397 00:22:43,520 --> 00:22:45,760 Speaker 1: and they're like, okay, cool, Hannah, but like I just 398 00:22:45,840 --> 00:22:48,359 Speaker 1: need to get by this month. How do we not 399 00:22:48,480 --> 00:22:54,520 Speaker 1: get overwhelmed with the idea of building our wealth. You're like, 400 00:22:54,640 --> 00:22:57,520 Speaker 1: regardless of the circumstances, you know what I mean. And 401 00:22:57,560 --> 00:23:02,240 Speaker 1: it does feel overwhelming as well, because like mainstream finance 402 00:23:02,400 --> 00:23:05,639 Speaker 1: is super jargoning and it's really confusing, and they're all 403 00:23:05,680 --> 00:23:09,479 Speaker 1: these options, and most people think that investing is like 404 00:23:09,520 --> 00:23:11,520 Speaker 1: this Wolf of Wall Street kind of thing where you 405 00:23:11,520 --> 00:23:14,440 Speaker 1: have like seven computers and you're like timing the markets 406 00:23:14,440 --> 00:23:17,000 Speaker 1: and you could lose it all, um and and then 407 00:23:17,040 --> 00:23:19,880 Speaker 1: people hear stories like so and so lost it all 408 00:23:19,880 --> 00:23:22,360 Speaker 1: in the market. The only people who do that are 409 00:23:22,440 --> 00:23:28,439 Speaker 1: people who are like day trading. Right, So with traditional retirement, Um, 410 00:23:28,440 --> 00:23:31,119 Speaker 1: what I recommend is a strategy called buy and hold, 411 00:23:31,320 --> 00:23:34,560 Speaker 1: where you're making small investments and you're just letting them 412 00:23:34,560 --> 00:23:37,560 Speaker 1: sit there and grow. Right, You're not you're not jumping 413 00:23:37,600 --> 00:23:40,000 Speaker 1: in and out. And that's actually why women tend to 414 00:23:40,000 --> 00:23:43,679 Speaker 1: outperform and is investors, because most women use that strategy. 415 00:23:43,720 --> 00:23:48,800 Speaker 1: But it's true, right, the cost of living has drastically increased, right, 416 00:23:48,840 --> 00:23:51,000 Speaker 1: The cost of housing has increased. If you're trying to 417 00:23:51,000 --> 00:23:53,760 Speaker 1: buy a home right now, it is wild even compared 418 00:23:53,800 --> 00:23:58,000 Speaker 1: to about my first home in and the value of 419 00:23:58,000 --> 00:24:02,720 Speaker 1: that home has skyrocketed and we're just like, I'm just 420 00:24:02,760 --> 00:24:05,439 Speaker 1: renting that out right. I'm not. I'm not even messing 421 00:24:05,440 --> 00:24:09,119 Speaker 1: with it. Um. But I can't imagine being in the 422 00:24:09,160 --> 00:24:11,879 Speaker 1: financial position I was then and thinking about buying a 423 00:24:11,880 --> 00:24:15,119 Speaker 1: home now. It would have been daunting. But one of 424 00:24:15,160 --> 00:24:18,639 Speaker 1: the common misconceptions about investing and about building wealth is 425 00:24:18,640 --> 00:24:20,359 Speaker 1: that you have to have a lot of money to 426 00:24:20,440 --> 00:24:24,160 Speaker 1: start building wealth. And that's not true. So, for example, 427 00:24:24,280 --> 00:24:29,280 Speaker 1: if you're in a traditional job, UM, part of your 428 00:24:29,359 --> 00:24:33,000 Speaker 1: benefits package maybe a four oh one K match, right, 429 00:24:33,480 --> 00:24:35,879 Speaker 1: and so that little percentage that you're like, oh, I 430 00:24:35,920 --> 00:24:38,600 Speaker 1: don't want them to take any extra out of my paycheck. Well, 431 00:24:39,119 --> 00:24:42,919 Speaker 1: if you're not contributing to that, it's like a paycheck 432 00:24:43,040 --> 00:24:47,159 Speaker 1: from your employer that you're not cashing. Right, that's free money. 433 00:24:47,200 --> 00:24:51,399 Speaker 1: And I wish, like I mions ago, I wish I 434 00:24:51,440 --> 00:24:53,639 Speaker 1: would have done that when I was working for Farmers 435 00:24:53,720 --> 00:24:55,719 Speaker 1: Insurance in my early twenties, because that would have been 436 00:24:55,720 --> 00:24:58,960 Speaker 1: a great gift to future Hannah that I would have 437 00:24:59,040 --> 00:25:02,920 Speaker 1: never really we felt the difference of UM. So even 438 00:25:02,920 --> 00:25:07,800 Speaker 1: even just starting somewhere like fifty dollars a month, you 439 00:25:07,840 --> 00:25:11,720 Speaker 1: can you know, maxing out your at least foo, I 440 00:25:11,720 --> 00:25:15,760 Speaker 1: think this will this goes up a little bit. But 441 00:25:15,880 --> 00:25:21,800 Speaker 1: maxing out your IRA is like that's like five a month. Okay, 442 00:25:21,840 --> 00:25:26,600 Speaker 1: so and then you're maxing out your IRA. A contribution. Um, 443 00:25:26,720 --> 00:25:29,040 Speaker 1: I was just doing the math. I was playing with 444 00:25:29,040 --> 00:25:31,600 Speaker 1: the math with a friend and she wanted to know 445 00:25:32,400 --> 00:25:36,240 Speaker 1: what would I have to invest to have a million 446 00:25:36,280 --> 00:25:40,480 Speaker 1: dollars in my retirement portfolio in the next ten years. 447 00:25:40,960 --> 00:25:45,280 Speaker 1: And it was around six thousand dollars a month, right, 448 00:25:45,560 --> 00:25:49,119 Speaker 1: So not astronomical wealth. I mean that's a significant amount 449 00:25:49,119 --> 00:25:54,120 Speaker 1: of money, but compound interest is like I'm trying to think, 450 00:25:54,160 --> 00:25:57,960 Speaker 1: it's like dandelions, right, Like they just start growing and 451 00:25:58,000 --> 00:26:00,960 Speaker 1: they don't stop. You can't get rid of them, so 452 00:26:01,040 --> 00:26:05,960 Speaker 1: like it keeps building like like popcorn. Yeah. So so 453 00:26:06,040 --> 00:26:09,879 Speaker 1: even just a small contribution with a simple traditional retirement 454 00:26:09,880 --> 00:26:13,359 Speaker 1: account where you're investing in a mutual fund, which is 455 00:26:13,880 --> 00:26:16,800 Speaker 1: UM the SMP five hundred, which is probably one you've 456 00:26:16,800 --> 00:26:19,400 Speaker 1: heard about, maybe when you've heard about recently because it's 457 00:26:19,440 --> 00:26:24,679 Speaker 1: like declining because because of you know, the current or 458 00:26:25,040 --> 00:26:28,960 Speaker 1: looming recession, which everyone thinks is scary but basically just 459 00:26:29,000 --> 00:26:32,440 Speaker 1: means it's on sale. Um, it's like a great buyer's market. 460 00:26:32,480 --> 00:26:35,960 Speaker 1: If you're jumping that. I like that. If you're jumping 461 00:26:35,960 --> 00:26:39,520 Speaker 1: into the market, you want to buy low, so you 462 00:26:39,560 --> 00:26:41,360 Speaker 1: might as well jump in now. And the SMP five 463 00:26:41,440 --> 00:26:43,919 Speaker 1: hundred is basically our mutual fund is basically but the 464 00:26:44,000 --> 00:26:47,280 Speaker 1: SMP five specifically is the five hundred top companies in 465 00:26:47,320 --> 00:26:51,719 Speaker 1: the market. So it's like you're getting a piece of 466 00:26:51,800 --> 00:26:57,320 Speaker 1: every pizza instead of just one pizza. Yeah, yeah, okay, 467 00:26:57,760 --> 00:27:01,280 Speaker 1: So starting like if you have to say to someone, 468 00:27:01,560 --> 00:27:04,080 Speaker 1: so I'm if I'm sitting here and I'm like, hey, 469 00:27:04,280 --> 00:27:06,440 Speaker 1: I well I work for myself, so I don't get 470 00:27:06,440 --> 00:27:08,480 Speaker 1: a map, and we can talk about that too. Okay, 471 00:27:08,680 --> 00:27:11,680 Speaker 1: let's talk about that after this UM. But if people 472 00:27:11,720 --> 00:27:14,560 Speaker 1: are listening and they're like, okay, so you're suggesting the 473 00:27:14,600 --> 00:27:17,520 Speaker 1: main thing people start with is the four oh one K, Like, 474 00:27:17,600 --> 00:27:21,000 Speaker 1: if you have a an agreement that your employer will 475 00:27:21,040 --> 00:27:23,639 Speaker 1: match you, that would be a great place to start. Yeah, 476 00:27:23,920 --> 00:27:26,600 Speaker 1: or in fifty a month, yep, or an i RA 477 00:27:26,920 --> 00:27:29,040 Speaker 1: just a simple and you can also on your own 478 00:27:29,520 --> 00:27:35,400 Speaker 1: open a simple brokerage account through UM Fidelity or TV 479 00:27:35,480 --> 00:27:38,359 Speaker 1: a merrit trade. There there are a lot of different options. 480 00:27:38,720 --> 00:27:41,320 Speaker 1: UM as an entrepreneur, you can open and this is 481 00:27:41,359 --> 00:27:44,520 Speaker 1: something I've done for myself. Um, you can open a 482 00:27:44,840 --> 00:27:47,879 Speaker 1: four one K through your business. Now. That gives you 483 00:27:47,920 --> 00:27:53,000 Speaker 1: the ability to contribute as the sole employee of your business. 484 00:27:53,440 --> 00:27:56,040 Speaker 1: And it also has you gives you the ability to 485 00:27:56,240 --> 00:28:05,600 Speaker 1: match your contribution as your employer, right, so the business 486 00:28:05,640 --> 00:28:10,840 Speaker 1: can match you, right, and that changes your taxable income 487 00:28:11,520 --> 00:28:14,240 Speaker 1: right and and depending right depending on you know, whether 488 00:28:14,280 --> 00:28:17,359 Speaker 1: you do wrath or not. Like you can wait and 489 00:28:17,359 --> 00:28:20,840 Speaker 1: pay taxes on that until you begin to withdraw upon it, 490 00:28:21,240 --> 00:28:23,520 Speaker 1: or you know, you can pay taxes on that now 491 00:28:23,560 --> 00:28:27,880 Speaker 1: and let it grow and then drawing it text free later. Yeah, Okay, 492 00:28:28,560 --> 00:28:30,960 Speaker 1: that's a great tip. So that's for anyone who is 493 00:28:31,000 --> 00:28:34,040 Speaker 1: an entrepreneur. What if you, like I was, like, am 494 00:28:34,080 --> 00:28:36,800 Speaker 1: I considered? I know I am because I have Velvet's edge, 495 00:28:36,800 --> 00:28:39,320 Speaker 1: But like if I just think about like my makeup 496 00:28:39,400 --> 00:28:42,360 Speaker 1: stuff and my hair, like my hair makeup and styling stuff, 497 00:28:42,560 --> 00:28:46,160 Speaker 1: that's just a freelance employee. And I know so many 498 00:28:46,200 --> 00:28:49,120 Speaker 1: people who that is that's what they do. So and 499 00:28:49,160 --> 00:28:51,640 Speaker 1: a lot of people in my business, they don't start 500 00:28:51,640 --> 00:28:54,280 Speaker 1: an LLC or anything like that. It's just like you're 501 00:28:54,320 --> 00:28:59,120 Speaker 1: an independent contractor. So as a person like that, what 502 00:28:59,160 --> 00:29:01,200 Speaker 1: would you suggest us like this is for all my 503 00:29:01,280 --> 00:29:04,680 Speaker 1: friends and business if you're filing as a sole proprietor, 504 00:29:05,880 --> 00:29:08,920 Speaker 1: which you know, okay, and and my lawyer would want 505 00:29:08,920 --> 00:29:13,600 Speaker 1: me to say, like this is all my opinions all educational, right. 506 00:29:13,640 --> 00:29:17,160 Speaker 1: I am not a traditional financial advisor, so that in mind, 507 00:29:17,200 --> 00:29:20,080 Speaker 1: I'm not a tax professional. But you may want to 508 00:29:20,120 --> 00:29:22,360 Speaker 1: talk to a tax professional and see if that is 509 00:29:22,400 --> 00:29:26,600 Speaker 1: the best strategy for taxation in general, because sometimes you 510 00:29:26,680 --> 00:29:28,920 Speaker 1: end up paying more in taxes as a sole proprietor 511 00:29:29,360 --> 00:29:34,120 Speaker 1: to pet they're terrible on you. If you're so you 512 00:29:34,160 --> 00:29:36,719 Speaker 1: may want to look into that and form as corporate 513 00:29:36,720 --> 00:29:39,800 Speaker 1: and I'll see that may be something you want to explore. 514 00:29:39,880 --> 00:29:42,240 Speaker 1: But you can still open you know, any individual can 515 00:29:42,240 --> 00:29:47,640 Speaker 1: open a brokerage account and begin to invest in UM. 516 00:29:47,680 --> 00:29:50,840 Speaker 1: In mutual funds. You can also buy, you know, for example, 517 00:29:50,920 --> 00:29:53,480 Speaker 1: like fractional shares of the stock if there's a you know, 518 00:29:53,520 --> 00:29:57,240 Speaker 1: a stock you really care about, um, a company really 519 00:29:57,280 --> 00:30:00,760 Speaker 1: care about. I own a few shares of the electric 520 00:30:00,800 --> 00:30:03,360 Speaker 1: car company, this Chinese car company because they have a 521 00:30:03,400 --> 00:30:07,680 Speaker 1: woman's CEO and I just think feel really cool. UM, 522 00:30:07,720 --> 00:30:09,680 Speaker 1: so I have a few shares of that that's like 523 00:30:09,720 --> 00:30:11,840 Speaker 1: a value based you know, it's a really small percentage 524 00:30:11,840 --> 00:30:14,600 Speaker 1: of my portfolio, But you can't open a brokerage account 525 00:30:15,040 --> 00:30:19,000 Speaker 1: and begin to make an investment. There are also robo investors, 526 00:30:19,000 --> 00:30:21,760 Speaker 1: so that's the thing that exists. I recommend l vest 527 00:30:21,800 --> 00:30:24,360 Speaker 1: if you're going to go that route where they take 528 00:30:24,400 --> 00:30:27,800 Speaker 1: a small percentage um, but they walk you through the 529 00:30:27,880 --> 00:30:32,120 Speaker 1: steps and and community and having somebody who can show 530 00:30:32,120 --> 00:30:36,280 Speaker 1: you how to open that is really helpful because once 531 00:30:36,480 --> 00:30:40,720 Speaker 1: you put that on, once you automate that where you're like, okay, 532 00:30:40,760 --> 00:30:45,480 Speaker 1: fift hundred, five hundred dollars a month is just automatically 533 00:30:45,760 --> 00:30:48,840 Speaker 1: something I built in to my expenses, right, something I 534 00:30:48,960 --> 00:30:51,680 Speaker 1: build into my money plan, my wealth strategy, my what 535 00:30:51,800 --> 00:30:54,760 Speaker 1: some people call a budget but most people hate that word, 536 00:30:55,480 --> 00:30:57,600 Speaker 1: you know, But I build that into my money plan, 537 00:30:58,400 --> 00:31:01,200 Speaker 1: and then that it's just a soon, right, and then 538 00:31:01,240 --> 00:31:06,080 Speaker 1: that gets invested and that continues to grow, and I'm 539 00:31:06,120 --> 00:31:10,240 Speaker 1: not so worried about being in the transactional of that 540 00:31:10,360 --> 00:31:12,200 Speaker 1: all the time, which is not where you should be 541 00:31:12,680 --> 00:31:15,200 Speaker 1: if you're just starting out. And honestly, I know a 542 00:31:15,200 --> 00:31:18,960 Speaker 1: lot of very experienced investors who are not trading stocks 543 00:31:19,000 --> 00:31:21,000 Speaker 1: back and forth or doing any of that. They are 544 00:31:21,120 --> 00:31:24,600 Speaker 1: just automating that process on repeat and watching their wealth grow. 545 00:31:25,280 --> 00:31:28,160 Speaker 1: So you're saying, if we start investing in our I 546 00:31:28,240 --> 00:31:30,760 Speaker 1: look at this as almost investing in yourself, you know, 547 00:31:30,880 --> 00:31:33,800 Speaker 1: like future you. Yeah, future you. I love that. So 548 00:31:33,840 --> 00:31:36,920 Speaker 1: if we start investing in future you, not only does 549 00:31:36,960 --> 00:31:39,920 Speaker 1: that set us up to have more wealth, but it 550 00:31:40,080 --> 00:31:43,840 Speaker 1: also kind of opens up the opportunities in the present 551 00:31:43,960 --> 00:31:47,920 Speaker 1: day because if you do have these falls, it's almost 552 00:31:47,960 --> 00:31:51,160 Speaker 1: like a fallback plan, or it's like a safety net 553 00:31:51,240 --> 00:31:53,479 Speaker 1: in some ways, because like you said with me, like 554 00:31:53,600 --> 00:31:56,160 Speaker 1: I have to be able to walk away, but I 555 00:31:56,200 --> 00:31:58,520 Speaker 1: need wealth to be able to do that, or else 556 00:31:59,160 --> 00:32:03,840 Speaker 1: I'm scray, humbling financially and scared all the time exactly. 557 00:32:03,840 --> 00:32:07,600 Speaker 1: And this is why I teach what's called financial intimacy 558 00:32:07,680 --> 00:32:13,040 Speaker 1: instead of literacy, because you're building this relationship with money, 559 00:32:13,360 --> 00:32:16,680 Speaker 1: and if you cultivate that relationship, if you're taking the 560 00:32:16,760 --> 00:32:20,440 Speaker 1: time once a month to have an intentional plan, right 561 00:32:20,520 --> 00:32:22,120 Speaker 1: to tell money how it gets to show up in 562 00:32:22,120 --> 00:32:25,120 Speaker 1: your life, to tell money what your boundaries are, um 563 00:32:25,160 --> 00:32:28,560 Speaker 1: to to know what's going on, right to not outsource 564 00:32:28,640 --> 00:32:32,160 Speaker 1: your financial power. You build trust with yourself. But and 565 00:32:32,160 --> 00:32:35,880 Speaker 1: and through that you build trust with money because you're like, oh, 566 00:32:35,920 --> 00:32:38,000 Speaker 1: I can trust me to show up for this, right, 567 00:32:38,240 --> 00:32:40,960 Speaker 1: I know what's going on. And then money gets to 568 00:32:41,000 --> 00:32:46,320 Speaker 1: become like the best partner every Money gets to be there, Yeah, 569 00:32:46,640 --> 00:32:48,480 Speaker 1: the reason that you get to say yes to the 570 00:32:48,520 --> 00:32:52,320 Speaker 1: things that matter to you most. Yeah, it's a value system, right, 571 00:32:52,360 --> 00:32:55,680 Speaker 1: money is tasted a value system. It's an exchange of 572 00:32:55,960 --> 00:32:59,560 Speaker 1: you know, your time is worth the value that it 573 00:32:59,640 --> 00:33:06,120 Speaker 1: holds for whatever someone is exchanging, you know Chad from 574 00:33:06,400 --> 00:33:10,480 Speaker 1: yeah the project and and and you know, then when 575 00:33:10,480 --> 00:33:13,880 Speaker 1: you receive compensation for that, then then that value that 576 00:33:13,920 --> 00:33:16,640 Speaker 1: you hold you use it to exchange for things that 577 00:33:16,960 --> 00:33:21,200 Speaker 1: make your life good. Right, that that help build the 578 00:33:21,240 --> 00:33:24,680 Speaker 1: future that you want to see. Yeah, and now you 579 00:33:24,720 --> 00:33:27,800 Speaker 1: talk about the four stages of building wealth and the 580 00:33:27,840 --> 00:33:29,720 Speaker 1: workshop that you do to leave all summit, which we'll 581 00:33:29,720 --> 00:33:32,320 Speaker 1: talk about into a second. Have we touched on all 582 00:33:32,320 --> 00:33:38,760 Speaker 1: the four stages? Yeah? So um, Typically, like, if you're 583 00:33:38,800 --> 00:33:41,640 Speaker 1: just starting out, if this conversation, you're like, oh I 584 00:33:41,720 --> 00:33:44,640 Speaker 1: am I am feeling a lot of things through this, right, 585 00:33:44,920 --> 00:33:47,480 Speaker 1: you know where I am with money? I don't like it. 586 00:33:47,520 --> 00:33:51,800 Speaker 1: That's a stage of reckoning, Right, You're just in this acknowledgement, 587 00:33:51,840 --> 00:33:56,280 Speaker 1: this deep acknowledgement of where things are doesn't feel good 588 00:33:56,320 --> 00:33:58,640 Speaker 1: for me, and it's not where I want to stay. 589 00:33:59,200 --> 00:34:03,560 Speaker 1: So from there we move into reconciling. And that's where 590 00:34:03,560 --> 00:34:07,400 Speaker 1: you're like, I'm gonna take responsibility for this. Right. If 591 00:34:07,440 --> 00:34:09,480 Speaker 1: I don't like it, I'm going to change it. And 592 00:34:09,520 --> 00:34:13,720 Speaker 1: that's really really empowering. But it's a really empowering place 593 00:34:13,760 --> 00:34:15,960 Speaker 1: to be. That's where I was when I started my business, 594 00:34:16,320 --> 00:34:18,440 Speaker 1: was like, Oh, I want to earn more, I'm going 595 00:34:18,480 --> 00:34:22,200 Speaker 1: to create more. Right. Um, where I was when I 596 00:34:22,239 --> 00:34:24,600 Speaker 1: was like, Oh, the way I'm operating even with more 597 00:34:24,600 --> 00:34:28,000 Speaker 1: money isn't good. Right, I'm going to learn right, And 598 00:34:28,040 --> 00:34:32,719 Speaker 1: then we move into a place of stability, where we're stabilizing. Right. 599 00:34:32,719 --> 00:34:35,400 Speaker 1: We put systems in place, We've we've created a money 600 00:34:35,400 --> 00:34:38,920 Speaker 1: plan for ourselves, We've done a financial audit, you've set aside, 601 00:34:39,040 --> 00:34:42,040 Speaker 1: maybe you know, if you're an entrepreneur, an operational buffer, 602 00:34:42,080 --> 00:34:44,840 Speaker 1: if you're an individual, an emergency funds so that you 603 00:34:44,880 --> 00:34:47,960 Speaker 1: know if emergencies come up that's been planned for. You 604 00:34:48,000 --> 00:34:52,440 Speaker 1: are beginning to invest right, and then you move into 605 00:34:52,680 --> 00:34:58,200 Speaker 1: the stage of expansion, right, where wealth just gets to 606 00:34:58,239 --> 00:35:02,520 Speaker 1: grow and you get to be in the experience of 607 00:35:02,520 --> 00:35:06,799 Speaker 1: that exchange. That sounds fun. That sounds fun, and it 608 00:35:06,840 --> 00:35:10,279 Speaker 1: does it on its own, right, Like I remember, like 609 00:35:10,360 --> 00:35:13,040 Speaker 1: I've spent so much money and so much time on 610 00:35:13,160 --> 00:35:18,200 Speaker 1: like money, manifestation courses and attraction. Like I knew all 611 00:35:18,239 --> 00:35:20,360 Speaker 1: of the rituals and the mantra, and I had the 612 00:35:20,440 --> 00:35:23,400 Speaker 1: right crystals, and like I knew when to burn the 613 00:35:23,440 --> 00:35:28,759 Speaker 1: stage and that felt hard because then on days when 614 00:35:28,760 --> 00:35:32,400 Speaker 1: I felt like crap, which is normal, right, like for 615 00:35:32,440 --> 00:35:35,359 Speaker 1: your feelings to fluctuate, because you're human and feelings are 616 00:35:35,360 --> 00:35:38,640 Speaker 1: for feeling. Um, I would be like, but I'm not 617 00:35:38,680 --> 00:35:42,840 Speaker 1: abundant right now? Ye now, it doesn't matter if I 618 00:35:42,880 --> 00:35:47,279 Speaker 1: feel abundant or not. Right Like, historically, even with you know, 619 00:35:48,040 --> 00:35:52,879 Speaker 1: um stock market crash, the recession in two thousand eight, 620 00:35:53,040 --> 00:35:58,000 Speaker 1: the small recession in the market on average has only 621 00:35:58,040 --> 00:36:01,200 Speaker 1: ever gone up. And when you all on retirement, you're 622 00:36:01,200 --> 00:36:03,040 Speaker 1: not taking it all out at once, So it doesn't 623 00:36:03,080 --> 00:36:06,239 Speaker 1: matter that you have to time that perfectly, right, Like 624 00:36:07,000 --> 00:36:09,799 Speaker 1: you're just taking what you need out a little bit 625 00:36:09,800 --> 00:36:14,080 Speaker 1: of a time. So it's it's very sound, it's very boring. 626 00:36:14,800 --> 00:36:18,719 Speaker 1: It's not dramatic and for me, you know, if we 627 00:36:19,040 --> 00:36:23,480 Speaker 1: use the metaphor of relationships again, there was a time 628 00:36:24,040 --> 00:36:27,520 Speaker 1: when the relationship with a lot of drama had appealed 629 00:36:27,560 --> 00:36:30,799 Speaker 1: to me, When the guy with the tattoos who was 630 00:36:30,840 --> 00:36:35,040 Speaker 1: totally self absorbed and didn't give a shit about me, um, 631 00:36:35,080 --> 00:36:38,239 Speaker 1: and it was just too cool. But I was attracted 632 00:36:38,280 --> 00:36:40,600 Speaker 1: to that, and I got to a place in my 633 00:36:40,640 --> 00:36:43,000 Speaker 1: life where I was like, wow, that does nothing for me. 634 00:36:43,440 --> 00:36:47,120 Speaker 1: And a partner who is just stable and reliable and 635 00:36:47,160 --> 00:36:51,160 Speaker 1: consistent and honest and transparent, someone I can count on, 636 00:36:51,200 --> 00:36:56,520 Speaker 1: I'm like, yeah, that is sexy, right, and that's money, right, 637 00:36:56,600 --> 00:36:59,719 Speaker 1: that's money if you create the time to be in 638 00:36:59,760 --> 00:37:01,640 Speaker 1: really sationship with it. But you have to be willing 639 00:37:01,760 --> 00:37:04,120 Speaker 1: to look at it. You have to be willing to 640 00:37:05,239 --> 00:37:07,359 Speaker 1: learn about it. You have to be willing to sit 641 00:37:07,400 --> 00:37:10,040 Speaker 1: down and look at the numbers. You have to be consistent, 642 00:37:10,120 --> 00:37:12,759 Speaker 1: Like I can't develop a good relationship with somebody that 643 00:37:12,800 --> 00:37:18,359 Speaker 1: I'm too afraid to talk to or look at, right, 644 00:37:18,880 --> 00:37:21,759 Speaker 1: And that's like, that's even when I think about you know, 645 00:37:22,120 --> 00:37:25,520 Speaker 1: investing or saving or whatever, and it's like I think 646 00:37:25,560 --> 00:37:28,000 Speaker 1: a lot of times, you know, that's not the fun 647 00:37:28,280 --> 00:37:31,520 Speaker 1: exciting stuff to talk about. But it's just like you're saying, 648 00:37:31,560 --> 00:37:34,600 Speaker 1: when you take a little time to put a little 649 00:37:34,640 --> 00:37:37,560 Speaker 1: effort in or a little investment, it goes such a 650 00:37:37,560 --> 00:37:40,719 Speaker 1: long way. And same as relationships, if we're sticking with 651 00:37:40,760 --> 00:37:44,239 Speaker 1: that metaphor, it's just like we all know they take 652 00:37:44,280 --> 00:37:46,120 Speaker 1: a little bit of work and it doesn't need to 653 00:37:46,160 --> 00:37:49,480 Speaker 1: feel like strenuous work. But that's the same with money. 654 00:37:49,520 --> 00:37:52,319 Speaker 1: For me, it's like, okay, well if you go live 655 00:37:52,360 --> 00:37:55,279 Speaker 1: the exciting life and do all the fun stuff, well 656 00:37:55,280 --> 00:37:57,239 Speaker 1: then you might have to pay off some debt like 657 00:37:57,280 --> 00:38:00,040 Speaker 1: which that you know, there's the weight of that. It 658 00:38:00,239 --> 00:38:03,440 Speaker 1: is just so heavy, and it's like, why don't we 659 00:38:03,480 --> 00:38:06,160 Speaker 1: just be a little smarter with it and a little 660 00:38:06,160 --> 00:38:09,200 Speaker 1: more consistent and stable, just like we would try to 661 00:38:09,239 --> 00:38:13,560 Speaker 1: be in a healthy relationship. Absolutely, and it doesn't like 662 00:38:14,120 --> 00:38:16,319 Speaker 1: having a money plan doesn't mean that you can't have 663 00:38:16,400 --> 00:38:19,719 Speaker 1: fun with money. So in on my vision board, I 664 00:38:19,719 --> 00:38:22,279 Speaker 1: had a rangerover. I put a rangerover on there and 665 00:38:22,360 --> 00:38:24,680 Speaker 1: I almost bought it at the end of But that 666 00:38:24,760 --> 00:38:26,799 Speaker 1: was kind of when I was having that experience of like, 667 00:38:27,280 --> 00:38:30,000 Speaker 1: I don't like the way I've been in relationship with money, 668 00:38:30,160 --> 00:38:32,479 Speaker 1: and so I didn't because it actually didn't feel good 669 00:38:32,520 --> 00:38:34,759 Speaker 1: for me at that time. It felt hollow. I was like, 670 00:38:35,239 --> 00:38:38,799 Speaker 1: it's I'm going to feel not good having this thing 671 00:38:38,880 --> 00:38:41,600 Speaker 1: that looks like I have wealth and not having the 672 00:38:41,640 --> 00:38:45,040 Speaker 1: experience of actually having wealth. And so I didn't buy it. 673 00:38:45,080 --> 00:38:47,560 Speaker 1: And I thought it was because I didn't want the vehicle. 674 00:38:48,360 --> 00:38:51,799 Speaker 1: And then I found myself at the dealership a few 675 00:38:51,840 --> 00:38:54,120 Speaker 1: weeks ago and I test over range Rover and I 676 00:38:54,160 --> 00:38:56,600 Speaker 1: was like, actually, I do want this, and I realized 677 00:38:56,640 --> 00:38:58,760 Speaker 1: I just wanted it from a place where I felt 678 00:38:58,840 --> 00:39:01,200 Speaker 1: like I was fully in my fine fancial power and 679 00:39:01,239 --> 00:39:04,680 Speaker 1: I wasn't just trying to flex right, you know. And 680 00:39:04,680 --> 00:39:06,800 Speaker 1: and the same like I thought, like the word budget, 681 00:39:06,800 --> 00:39:08,560 Speaker 1: I was like, get that away from me. That does 682 00:39:08,600 --> 00:39:10,799 Speaker 1: not sound fun. It sounds like math, It sounds like 683 00:39:10,880 --> 00:39:16,320 Speaker 1: ruben noodles, like count me out. But my my actual 684 00:39:16,360 --> 00:39:20,520 Speaker 1: experience of having a budget was the opposite. Once once 685 00:39:20,560 --> 00:39:26,759 Speaker 1: I started implementing a system for cash flow management in 686 00:39:26,840 --> 00:39:30,319 Speaker 1: my life, my experience was, Oh, I get to tell 687 00:39:30,480 --> 00:39:32,840 Speaker 1: money how it gets to show up for me. I 688 00:39:32,880 --> 00:39:35,680 Speaker 1: get I get to prioritize the things I value most, 689 00:39:36,280 --> 00:39:38,680 Speaker 1: and I got to see all of these areas where 690 00:39:38,800 --> 00:39:41,360 Speaker 1: I was spending that weren't actually in alignment with my values, 691 00:39:41,360 --> 00:39:43,200 Speaker 1: that I didn't care about, like all of these money 692 00:39:43,280 --> 00:39:47,160 Speaker 1: leaks that meant nothing to me, that makes so much 693 00:39:47,200 --> 00:39:49,520 Speaker 1: sense to me, like some so much of my spending. 694 00:39:49,520 --> 00:39:52,440 Speaker 1: And I realized this actually during COVID, when I was like, 695 00:39:52,480 --> 00:39:53,719 Speaker 1: oh my god, I don't have a job. I have 696 00:39:53,760 --> 00:39:56,520 Speaker 1: to make cuts, you know. And then I sat down 697 00:39:56,560 --> 00:39:59,480 Speaker 1: and I started looking at where I was spending money before, 698 00:39:59,560 --> 00:40:03,600 Speaker 1: and it was so mindless most of it, like so 699 00:40:03,680 --> 00:40:07,640 Speaker 1: much Postmates, so much, you know, just like stuff for convenience, 700 00:40:07,800 --> 00:40:10,840 Speaker 1: and because I wasn't actually being intentional with going to 701 00:40:10,880 --> 00:40:14,600 Speaker 1: the grocery or something. It was just like crazy how 702 00:40:14,719 --> 00:40:18,040 Speaker 1: much money I was like hemorrhaging without even knowing it. 703 00:40:18,480 --> 00:40:21,040 Speaker 1: And like I said, the mentality was more like just 704 00:40:21,080 --> 00:40:24,640 Speaker 1: go make more money instead of like, hey, what are 705 00:40:24,640 --> 00:40:27,440 Speaker 1: you actually spending your money on? Like I was should 706 00:40:27,560 --> 00:40:29,680 Speaker 1: you know, I want to do both obviously, but like 707 00:40:30,200 --> 00:40:32,560 Speaker 1: it was just fascinating to me, and it was crazy 708 00:40:32,600 --> 00:40:34,279 Speaker 1: that it took the pandemic for me to sit down 709 00:40:34,320 --> 00:40:35,759 Speaker 1: and be like, wait, I actually don't need to be 710 00:40:35,840 --> 00:40:39,600 Speaker 1: spending that because I don't need that, Like, yeah, just 711 00:40:39,640 --> 00:40:43,160 Speaker 1: so much excess, you know, or I don't really want 712 00:40:43,160 --> 00:40:46,680 Speaker 1: an eight dollar quality, like the quality of meal that's 713 00:40:46,719 --> 00:40:48,720 Speaker 1: eight dollars. I don't want to spend thirty eight dollars 714 00:40:48,719 --> 00:40:52,040 Speaker 1: on it, right, Like I work really hard, And for me, 715 00:40:52,080 --> 00:40:56,640 Speaker 1: it was also this like acknowledgement of self respect and like, 716 00:40:56,760 --> 00:41:00,160 Speaker 1: I work really hard for the money I earned. Um, 717 00:41:00,440 --> 00:41:03,640 Speaker 1: No one guarantees my paycheck, and so I want to 718 00:41:03,680 --> 00:41:06,960 Speaker 1: make sure that I put that to use in ways 719 00:41:06,960 --> 00:41:09,040 Speaker 1: that feel good to me. And there were so many 720 00:41:09,080 --> 00:41:11,800 Speaker 1: ways that I was putting that to use that were numb, 721 00:41:11,920 --> 00:41:14,960 Speaker 1: that were mindless, that weren't a reflection of my values, 722 00:41:15,320 --> 00:41:18,560 Speaker 1: and weren't a reflection of the effort that it took 723 00:41:18,640 --> 00:41:23,359 Speaker 1: to to earn that money. I totally related to that. Well, 724 00:41:23,400 --> 00:41:27,160 Speaker 1: let's talk about the Live Well Um lead Well. I'm 725 00:41:27,160 --> 00:41:29,600 Speaker 1: sorry lead Well Summit. I can't believe I've waited this 726 00:41:29,680 --> 00:41:31,880 Speaker 1: long in the conversation to talk about it, because I'm actually, 727 00:41:31,920 --> 00:41:33,120 Speaker 1: like I told you, I'm like, I want to go 728 00:41:33,200 --> 00:41:35,600 Speaker 1: to this um and it's coming up. There's another one 729 00:41:35,600 --> 00:41:38,400 Speaker 1: coming up October sevent So first of all, tell the 730 00:41:38,440 --> 00:41:42,279 Speaker 1: listeners what the lead Well Summit is. Yep. So this 731 00:41:42,360 --> 00:41:46,319 Speaker 1: is our second annual UM lead Well Summit. It is 732 00:41:46,320 --> 00:41:50,799 Speaker 1: a free, five day virtual event. We have seventeen of 733 00:41:51,160 --> 00:41:55,520 Speaker 1: the best financial educators of our time, I mean, best 734 00:41:55,520 --> 00:42:02,600 Speaker 1: selling authors, fintech founders, UM huge financial educators and influencers. 735 00:42:02,960 --> 00:42:06,520 Speaker 1: They all come together for five days speaking on a 736 00:42:06,560 --> 00:42:10,120 Speaker 1: diverse range of topics. It's free, we build community around 737 00:42:10,200 --> 00:42:14,279 Speaker 1: it UM and it's really just designed to you know, 738 00:42:14,360 --> 00:42:16,880 Speaker 1: one of the things that we see in in data 739 00:42:17,000 --> 00:42:24,120 Speaker 1: is that UM community really helps sustain change in transformation. 740 00:42:24,239 --> 00:42:26,480 Speaker 1: So when you see people who look like you, when 741 00:42:26,480 --> 00:42:29,960 Speaker 1: you hear experiences like yours, but when you also get tangible, 742 00:42:30,000 --> 00:42:33,600 Speaker 1: practical information that's broken down in a way where you 743 00:42:33,600 --> 00:42:37,960 Speaker 1: can actually understand it, it's really easy to create change 744 00:42:37,960 --> 00:42:41,680 Speaker 1: in transformation. So like we have UM Tory Dunlap from 745 00:42:41,719 --> 00:42:45,680 Speaker 1: her first one hunder ka UM. We have Tanya Rapley, 746 00:42:45,760 --> 00:42:48,760 Speaker 1: the founder of my fab Finance, Brenda Gupta, the founder 747 00:42:48,840 --> 00:42:52,000 Speaker 1: of sequin Card. We've got Barbara Howson, she's written like 748 00:42:52,200 --> 00:42:55,520 Speaker 1: seven best selling books on money. I mean, just it's 749 00:42:55,560 --> 00:42:59,920 Speaker 1: just I'm still kind of pinching myself about our lineup 750 00:43:00,000 --> 00:43:04,200 Speaker 1: because everyone I wanted we got. And so it's totally free. 751 00:43:04,239 --> 00:43:06,960 Speaker 1: You can register at leadwell Summit dot com. We kick 752 00:43:07,000 --> 00:43:10,960 Speaker 1: off October. It runs through the twenty one and you'll 753 00:43:10,960 --> 00:43:14,879 Speaker 1: get access to UM these free interviews and trainings with 754 00:43:15,200 --> 00:43:21,919 Speaker 1: just incredible financial experts. Everything from you know, tackling over 755 00:43:21,960 --> 00:43:24,759 Speaker 1: two thousand dollars in student loan debt, to how to 756 00:43:24,760 --> 00:43:29,200 Speaker 1: get great credit, to how to begin investing, multiple perspectives 757 00:43:29,239 --> 00:43:34,520 Speaker 1: on investing, UM real estate, financial trauma. Just such a 758 00:43:34,680 --> 00:43:39,520 Speaker 1: rich collection of wealth wisdom. I love the topics I 759 00:43:39,560 --> 00:43:42,319 Speaker 1: read on the website it says, UM, some of the 760 00:43:42,360 --> 00:43:45,640 Speaker 1: topics you guys will cover our financial feminism. I was like, 761 00:43:45,719 --> 00:43:49,439 Speaker 1: what is that? Fascinating? First generation wealth trauma and shame, 762 00:43:49,480 --> 00:43:52,799 Speaker 1: raal money like you just said, emotional spending, debt, investing, 763 00:43:52,920 --> 00:43:58,040 Speaker 1: financial intimacy. I love that one credit budgeting, wealth embodiment, crypto. 764 00:43:58,480 --> 00:44:01,800 Speaker 1: I think people are like, what the world with this stuff? Now? 765 00:44:01,840 --> 00:44:03,960 Speaker 1: And f T S crypto, all of that stuff. It's 766 00:44:04,000 --> 00:44:06,920 Speaker 1: just so overwhelming to people if you don't know a lot. 767 00:44:06,960 --> 00:44:09,560 Speaker 1: I mean for me, it is at least so, I mean, 768 00:44:09,680 --> 00:44:12,840 Speaker 1: I think it's really exciting. Is this just done over zoom? 769 00:44:12,840 --> 00:44:16,000 Speaker 1: How does this work? Yeah? So the interviews are prerecorded 770 00:44:16,000 --> 00:44:18,880 Speaker 1: because there's literally no way my human self could do 771 00:44:19,320 --> 00:44:22,200 Speaker 1: seventeen hours of interviews back to back in five days 772 00:44:23,239 --> 00:44:26,040 Speaker 1: without like tech nightmare and a crazy amount of stress. 773 00:44:26,080 --> 00:44:29,200 Speaker 1: So they've been prerecorded. We actually wrapped recording at the 774 00:44:29,280 --> 00:44:31,600 Speaker 1: end of last week. UM, so the last two weeks 775 00:44:31,600 --> 00:44:36,759 Speaker 1: have been really rich for me. UM. They're prerecorded. Yeah, 776 00:44:36,800 --> 00:44:40,640 Speaker 1: and then literally UM and I'm going to listen to 777 00:44:40,719 --> 00:44:43,880 Speaker 1: him a second time because it's just like it's so good. Uh, 778 00:44:43,920 --> 00:44:48,000 Speaker 1: they're drips. So you'll register, you'll sign on UM at 779 00:44:48,080 --> 00:44:50,480 Speaker 1: lead well summit dot com and then you'll get an 780 00:44:50,480 --> 00:44:53,080 Speaker 1: email and it will give you a breakdown, and then 781 00:44:53,120 --> 00:44:58,799 Speaker 1: every day, starting on October seventeenth, you'll receive UM three 782 00:44:58,800 --> 00:45:03,640 Speaker 1: interviews from that day directly into your inbox all together, right, 783 00:45:03,719 --> 00:45:07,239 Speaker 1: like not you're not going to look for three separate interviews. 784 00:45:07,520 --> 00:45:11,799 Speaker 1: And they'll also have like UM resources and information from 785 00:45:11,800 --> 00:45:15,600 Speaker 1: our speakers as well on those interview pages. And then 786 00:45:15,680 --> 00:45:18,120 Speaker 1: we have a community, just a pop up group on 787 00:45:18,160 --> 00:45:22,560 Speaker 1: Facebook where we are giving away prizes every day and 788 00:45:22,920 --> 00:45:26,960 Speaker 1: just expanding on the conversation and doing Q and A 789 00:45:27,200 --> 00:45:32,120 Speaker 1: and just creating space for people to move through the content. 790 00:45:32,280 --> 00:45:36,240 Speaker 1: Because money stuff is a lot, and it's not something 791 00:45:36,320 --> 00:45:38,880 Speaker 1: that you know if you've been siloed in your experience 792 00:45:38,960 --> 00:45:42,239 Speaker 1: thus far, if your financial power has gone unacknowledged, it's 793 00:45:42,239 --> 00:45:45,399 Speaker 1: not something you need to do alone, right, Yeah, I 794 00:45:45,480 --> 00:45:48,040 Speaker 1: totally agree, And it's like anything else. I love that 795 00:45:48,080 --> 00:45:50,040 Speaker 1: you're saying the thing about community, because that's how we 796 00:45:50,120 --> 00:45:53,200 Speaker 1: heal in every area of our life. So, like you know, 797 00:45:53,360 --> 00:45:57,520 Speaker 1: gone through trauma or a situation, a breakup, even, like 798 00:45:57,600 --> 00:45:59,799 Speaker 1: we need other people. And so I think it's so 799 00:46:00,000 --> 00:46:02,200 Speaker 1: great to have these resources. Like I said, I'm going 800 00:46:02,239 --> 00:46:05,120 Speaker 1: to sign up. I can't wait. Actually, um, tell the 801 00:46:05,160 --> 00:46:07,080 Speaker 1: people where else they can find you if they just 802 00:46:07,120 --> 00:46:09,800 Speaker 1: want to follow your journey or for more money tips 803 00:46:10,280 --> 00:46:12,960 Speaker 1: anything like that. Yeah, so you can find me. I'm 804 00:46:12,960 --> 00:46:15,880 Speaker 1: mostly hang out on Instagram at I am Hanna Kanig. 805 00:46:16,000 --> 00:46:20,080 Speaker 1: That's Koe and I g um and you can check 806 00:46:20,080 --> 00:46:22,759 Speaker 1: out my website. But really, like i'd love I love 807 00:46:22,840 --> 00:46:24,840 Speaker 1: new friends. I'm not one of those people who's like 808 00:46:24,880 --> 00:46:26,920 Speaker 1: too cool to be in the d M. So you 809 00:46:26,960 --> 00:46:28,880 Speaker 1: can just like pop in and say hi and like 810 00:46:29,239 --> 00:46:33,040 Speaker 1: share your experience with me. I would love to hear it. Um. Yeah, 811 00:46:33,080 --> 00:46:35,680 Speaker 1: I love new friends, I love community, I love connections. 812 00:46:35,680 --> 00:46:38,520 Speaker 1: So come come register for the summit. Find me there, 813 00:46:38,560 --> 00:46:41,000 Speaker 1: but also come hang out with me on Instagram. Yes, 814 00:46:41,120 --> 00:46:43,200 Speaker 1: I love it all right, Hannah. Thank you so much 815 00:46:43,239 --> 00:46:45,759 Speaker 1: for being here and for empowering women. I love this 816 00:46:45,800 --> 00:46:48,120 Speaker 1: with money, Like, let's just take the fear out of it. 817 00:46:48,160 --> 00:46:51,239 Speaker 1: That's this month is all about here. Yeah, thank you 818 00:46:51,280 --> 00:46:53,239 Speaker 1: for having me, of course. Thank you guys so much 819 00:46:53,280 --> 00:46:56,280 Speaker 1: for listening. Thanks for listening to The Velvet's Edge podcast 820 00:46:56,320 --> 00:46:59,279 Speaker 1: with Kelly Henderson, where we believe everyone has a little 821 00:46:59,360 --> 00:47:03,520 Speaker 1: velvet and a little edge. Subscribe for more conversations on life, style, 822 00:47:03,719 --> 00:47:07,799 Speaker 1: beauty and relationships. Search Velvet's Edge wherever you get your podcasts. 823 00:47:09,200 --> 00:47:11,480 Speaker 1: H m hm