Speaker 1: Hello.
Speaker 2: My name's Santasha Nabananga Bamblet. I'm a proud yr the
Speaker 2: Order Kerney Whalbury and a waddery woman. And before we
Speaker 2: get started on She's on the Money podcast, I would
Speaker 2: like to acknowledge the traditional custodians of the land of
Speaker 2: which this podcast is recorded on a wondery country, acknowledging
Speaker 2: the elders, the ancestors and the next generation coming through
Speaker 2: as this podcast is about connecting, empowering, knowledge sharing and
Speaker 2: the storytelling of you to make a difference for today
Speaker 2: and lasting impact for tomorrow.
Speaker 1: Let's get into it.
Speaker 3: She's on the Money, She's on the Money.
Speaker 1: Hello, and welcome to She's on the Money, the podcast
Speaker 1: for millennials who want financial freedom. My name is Becksied
Speaker 1: and with me is Victoria Divine.
Speaker 4: Hello. V.
Speaker 1: We have a very interesting one today, Scarcity, mindset and investing.
Speaker 4: Oh, it's a spicy topic. I tell, pray, tell oh
Speaker 4: that sentence gives me the it does it give you
Speaker 4: the hebes? It gives me the he begbis I'll take
Speaker 4: it out of rrotation. Scarcity mindset is a spicy one
Speaker 4: today and it's funny because I asked our producer and
Speaker 4: a Lisa. I was like, Hey, can you just get
Speaker 4: some you know, more fun stats and facts and stuff
Speaker 4: about this before we record? And she's like, Victoria, I've
Speaker 4: googled this, like there's not a link here, And I
Speaker 4: was like, Babe, there's a massive link here. Scarcity mindset
Speaker 4: is often the reason people don't invest, and we need
Speaker 4: to talk about it. So hopefully this is maybe a
Speaker 4: good introduction to why scarcity mindset might be holding you
Speaker 4: back a little bit. But Beck, have you ever found
Speaker 4: yourself in a position where you're like worried that if
Speaker 4: someone gets something you want then you might not have
Speaker 4: it too, Yeah, like a pay rise or like a promotional,
Speaker 4: like maybe even just like something random. It is hard
Speaker 4: to admit, but I feel like if someone in my
Speaker 4: circle or someone around me has the opportunity to get
Speaker 4: something or just get something that I kind of want,
Speaker 4: I feel like, what are the chances of us both
Speaker 4: receiving that?
Speaker 1: Do you know what I mean? Yeah?
Speaker 4: Yeah, And I'm not surprised to hear that because I
Speaker 4: know a little bit about your money story and I
Speaker 4: feel like you lean a little bit more towards scarcity
Speaker 4: rather than abundance, whereas abundance might be like, oh my god,
Speaker 4: if my friend can achieve that and smash that out
Speaker 4: of the park, this absolutely I can do that. Just
Speaker 4: paved the way. What a great time, Like their candle
Speaker 4: can light mine and we can both shine brighter. Is
Speaker 4: more abundance mindset, where a scarcity is kind of like, oh,
Speaker 4: if they're doing it, maybe I can't do it. And
Speaker 4: I think that that can actually get in the way.
Speaker 4: And I think a lot of people in our community
Speaker 4: have this mindset. And a couple of weeks ago, we
Speaker 4: actually talked about what a lot of money looked like
Speaker 4: and I remember how you said, oh, I think it
Speaker 4: was like thirty bucks. Yeah, whereas I said, if you
Speaker 4: have five dollars or even one cent. Let's be honest nowadays,
Speaker 4: but if you have five dollars, that's actually enough to
Speaker 4: get started investing. These days and today, we are going
Speaker 4: to be diving more into that and really focusing on
Speaker 4: a scarcity and abundance mindset and how that impacts your
Speaker 4: investment journey. And I think it's really really important and
Speaker 4: I promise like we'll get to the point, but we're
Speaker 4: going to be looking at the differences between scarcity and
Speaker 4: abundance mindsets, and then after the break, I'm going to
Speaker 4: teach you how to shift from the negative to the
Speaker 4: positive and then how this actually affects your attitude towards investing,
Speaker 4: because I promise it does. Often with scarcity mindset, you
Speaker 4: just you don't want to put your money out there
Speaker 4: like we've got them it might run out, like what
Speaker 4: if I need that money later, Whereas a more abundant
Speaker 4: mindset just TLD or if you don't want to listen
Speaker 4: to the whole app This is basically it's summary, but
Speaker 4: abundance mindset's more about like, oh, if I put my
Speaker 4: money out there, more will come and I can create more.
Speaker 4: And I think there's definitely negative connotations to scarcity mindset
Speaker 4: that mean that we actually limit ourselves and we really
Speaker 4: shouldn't be doing that, right, Okay, it's actually very company
Speaker 4: to know that it is something that can be changed.
Speaker 4: Then it could be changed, But to change something you
Speaker 4: have to be able to identify it and come to
Speaker 4: terms with what the reality of the circumstances are to
Speaker 4: then move forward. But if we can't do that, often
Speaker 4: we just stay stagnant and we don't change at all.
Speaker 1: YEP. So I guess we'll start with going into the
Speaker 1: nitty gritty details. What is scarcity mindset?
Speaker 4: So scarcity mindset is basically the belief that life is
Speaker 4: like a limited pie, so there's like only so much
Speaker 4: of it to go around, and with only so much
Speaker 4: money and so much success and good fortunes that if
Speaker 4: you perceive somebody has a big piece of the pie,
Speaker 4: you might think that it actually leaves less for you.
Speaker 4: And this is what really limits what you think is
Speaker 4: possible in your life. Okay, okay, I think I'm getting
Speaker 4: a picture now and absolutely could not relate anymore. You know,
Speaker 4: like Banjo's the Bakery and how they do that little
Speaker 4: blueberry tart pie thing, That's what I thought of. Oh okay,
Speaker 4: I thought they're unlimited. They make new ones every single day.
Speaker 1: Oh, they're unlimited. They're not going to run out. You're
Speaker 1: going to get a blueberry pie tomorrow. Can you break
Speaker 1: this down a little bit more into specifics for us?
Speaker 4: So basically, from my perspective, it is really important to
Speaker 4: understand that scarcity mindset is basically pessimistic or negative thinking.
Speaker 4: I've written a list back and basically a person with
Speaker 4: a scarcity mindset frames things in you know the following
Speaker 4: types of ways. So the first thing I've written down
Speaker 4: is they consider the limitations of a situation by focusing
Speaker 4: on the negatives. Second we've got they lead with more
Speaker 4: of a victim mentality and blame things that are outside
Speaker 4: their control, which adds to stress, worry, and in action.
Speaker 4: They spend their mental energy on what's lacking in life
Speaker 4: or not working instead of the positive. They might refuse
Speaker 4: to collaborate or share with other people. They often and
Speaker 4: this is a more negative list, but I think it's
Speaker 4: important to read it out. And I know I said before, Beck,
Speaker 4: I think you lean more towards this. I don't think
Speaker 4: that you're super negative, but I do see asp of
Speaker 4: scarcity mindset in the way that you approach money. And
Speaker 4: that's why I've pointed it out because I don't want
Speaker 4: people to think, oh, this big negative list is all
Speaker 4: me that's awful and the world. It's not. You could
Speaker 4: have a lot of scarcity mindset, or you could have
Speaker 4: like a little teeny tiny bit of it that might
Speaker 4: be that one thing that's holding you back. So it's
Speaker 4: not a good or a bad thing. It's just something
Speaker 4: that we can identify about ourselves to put ourselves in
Speaker 4: a better position.
Speaker 1: Ten out of ten?
Speaker 4: Can I recommend The next one is they think small
Speaker 4: and they often avoid risk. They often find it hard
Speaker 4: to trust others and they default straight to suspicion. They
Speaker 4: act as a taker and always expect more from others,
Speaker 4: and they establish their sense of self worth by comparing
Speaker 4: themselves to others, which we don't like doing in the
Speaker 4: Sheese on the Money community. We're all in different journeys
Speaker 4: and we don't compare our circumstances to that of others,
Speaker 4: do we.
Speaker 1: Bet No, that's exactly right. There's always someone out there
Speaker 1: richer and poorer.
Speaker 4: Yeah, But like also that Deed Devontees quote. I don't
Speaker 4: know if you know where I'm going with this, but
Speaker 4: like you could be the ripest, juiciest peach in the
Speaker 4: entire world, but there are going to be people who
Speaker 4: just don't like eat peaches. And I think that's fine,
Speaker 4: very powerful. It's a good quote, right, very good quote.
Speaker 4: It's like raist, juiciest. I'm like, yeah, that quote is good,
Speaker 4: but it's true, Like you could be the best of
Speaker 4: the best of everything, and people like, yeah, just don't
Speaker 4: like peaches. So thanks, though, You're like, but it's the
Speaker 4: best peach. Yeah, like, have you seen this? It is
Speaker 4: literally perfect? And they go, yeah, still don't like peaches? Thanks,
Speaker 4: So babe, can't relate, can't relate. There is truly nothing
Speaker 4: better I can peach in summer, but moving on.
Speaker 1: Can relate to being the ripest and juiciest and perfect
Speaker 1: oh good, But I can't relate to being a peek
Speaker 1: liking peaches, No neither, now, V Why do people develop
Speaker 1: this mindset and how can it control us and impact
Speaker 1: us long term?
Speaker 4: That's a very good question when I asked you to
Speaker 4: ask me, so that makes sense that he's come up
Speaker 4: at about now. But scarcity mindset or scarcity mentality isn't
Speaker 4: actually a personality trait. It's a learned behavior. It's a
Speaker 4: learned outcome from the way that you grew up. Scarcity
Speaker 4: mindset isn't something that you do on purpose, like people
Speaker 4: just don't do it on purpose. And I've spoken about
Speaker 4: this before on the podcast, and it's often around identifying
Speaker 4: it in other people and maybe not actually viewing it
Speaker 4: with the kindness that you need to. So when it
Speaker 4: comes to people's money stories, and the example that I'll
Speaker 4: go back to is brunch, right, So Beck, let's say
Speaker 4: you go out for brunch with a girlfriend and you
Speaker 4: just go, oh my god, I'm going out for brunch
Speaker 4: with this friend. I love it far out just a
Speaker 4: bit of a stinge. Whenever we go to brunch, she
Speaker 4: literally eats before we go. And she's a doctor now
Speaker 4: she can afford it. Like that pisces me off. Because
Speaker 4: she's a doctor, she can afford brunch, and every time
Speaker 4: we go, I eat in front of her. She just
Speaker 4: saw it as a coffee. Sometimes she gets a croissant,
Speaker 4: but like she never gets the full you know, big
Speaker 4: Sunday breakfast. Yeah, and you're looking at that from your
Speaker 4: perspective and maybe not considering her money story. Yeah, she
Speaker 4: might be a doctor that has a really good income now,
Speaker 4: and you're right, she absolutely could probably afford brunch if
Speaker 4: it was in line with her values. But what you're
Speaker 4: not considering is maybe she grew up her money was super,
Speaker 4: super scarce, Like talking about grocery items gave her anxiety
Speaker 4: as a kid because she always wanted the roll ups,
Speaker 4: but mom and dad always said, no, it can't afford it.
Speaker 4: We are absolutely not getting those. It's not an option.
Speaker 4: So money has always been something that makes her really anxious,
Speaker 4: so going out to brunch, she can only justify getting
Speaker 4: her coffee because it's actually part of her money story
Speaker 4: that she's always been told No, we don't do that,
Speaker 4: No we don't eat out, No we don't do this.
Speaker 4: And your friend loves you so much that she wants
Speaker 4: to go out for coffee with you. She really wants
Speaker 4: to go out for brunch. She accepted your invitation with
Speaker 4: her whole heart because she was so excited to see you.
Speaker 4: But then on the flip side, you're judging the way
Speaker 4: she spends her money because you have no idea about
Speaker 4: her money story because it's money, your flipping business. No,
Speaker 4: but that scarcity mindset in that circumstance is absolutely fine
Speaker 4: because you know she's living within her value. And to
Speaker 4: be honest, kudos to her for being able to say
Speaker 4: knowing that circumstance, because I know when I was at Union,
Speaker 4: didn't have heaps cash and someone invited me out for brunch,
Speaker 4: I'd be like, oh, yeah, I'll get something too, even
Speaker 4: if I didn't want to spend the money. So like,
Speaker 4: that is quite a strong willed thing to do, mad respect,
Speaker 4: But that scarcity mindset might limit her in a number
Speaker 4: of other areas of her life. So for example, we
Speaker 4: just you know, this is very stereotypical, but I think
Speaker 4: it drives home the point she's a doctor. Now we're
Speaker 4: assuming she's making good money, but she might save every
Speaker 4: single dollar that she has. She might not have bought
Speaker 4: a home yet, even if it's something that she's been
Speaker 4: really working towards and really wants to do, and that's
Speaker 4: her dream, because parting with that money gives her mad anxiety,
Speaker 4: she just can't do it. Maybe she really wants to
Speaker 4: invest for her future because she wants to be a
Speaker 4: single lady for life, got no interest in a partner.
Speaker 4: But her income isn't enough to create the life she wants,
Speaker 4: so she needs to invest, but she just can't because
Speaker 4: she doesn't want to put her money into an investment
Speaker 4: account because for her, that means that she feels like
Speaker 4: she loses a bit of sense of control. Compare that
Speaker 4: to somebody who grew up in a situation where money
Speaker 4: wasn't scarce, It wasn't something that you know, triggered anxiety.
Speaker 4: Was kind of flippant, right, like mom and dad gave
Speaker 4: you some money, or your guardians made sure that you
Speaker 4: always cared for money wasn't ever an issue. And you're
Speaker 4: both at school, you're both learning the same stuff, you're
Speaker 4: both you know, out brunch, and you might both be
Speaker 4: talking about she's on the money, and you might both say, yeah,
Speaker 4: I really want to invest. But if you never grew
Speaker 4: up with a scarcity mindset, you are far more likely
Speaker 4: to be like, yeah, fire out, why haven't I done that?
Speaker 4: I might just chuck fifty bucks in Charesi's and actually
Speaker 4: just start my journey today. What am I waiting for?
Speaker 4: This is so good? Whereas the person who has the
Speaker 4: scarcity mindset is more likely to mena about that. They
Speaker 4: might get a bit of what you've been calling it
Speaker 4: analysis paralysis, looking at every single platform to make sure
Speaker 4: that they're in one thousand percent control because they're just
Speaker 4: not sure what step to take next, and then they
Speaker 4: just don't want to do it yet because fifty bucks
Speaker 4: is actually a lot of money, and what if I
Speaker 4: need that soon? And what if I actually invest that
Speaker 4: and it doesn't go so well? And I'm really anxious
Speaker 4: because scarcity mindset is ruling my life, and that negative
Speaker 4: money story growing up is now impacting the way that
Speaker 4: I'm interacting with money today, and it's actually going to
Speaker 4: limit the outcomes we can create. That's often why we
Speaker 4: talk about cycles of debt and cycles of poverty continuing
Speaker 4: and replicating themselves, because even if we give people education,
Speaker 4: sometimes they don't want to take that next step. Does
Speaker 4: that make sense?
Speaker 1: Yeah, that makes so much sense. And I'm starting to
Speaker 1: realize that I am more of a scarcity mindset kind
Speaker 1: of person.
Speaker 4: And it's not bad. It's good to know where you
Speaker 4: stand because it's something that we can work through to
Speaker 4: get to the outcome. We know that not everybody starts
Speaker 4: at the exact same start line. If you have a
Speaker 4: bit of a scarcity mindset, you might be even further
Speaker 4: behind the start line. And just to get to the
Speaker 4: start line is a hustle in itself. And I think
Speaker 4: that so many people think that the answer is just
Speaker 4: financial literacy. And here's another podcast on in and here's
Speaker 4: how to do it. And you know what, I wrote
Speaker 4: this book of the ab CD and EF step for
Speaker 4: you to actually invest like I have actually given you guys,
Speaker 4: step by step instructions on how to invest. Here's how
Speaker 4: to review a platform, He's how to integrate it into
Speaker 4: your budget. Here's how it looks over time. This is
Speaker 4: what compound interest does. You actually have that knowledge. But
Speaker 4: maybe that next step that you're not taking is due
Speaker 4: to scarcity mindset. And if we don't address that, you're
Speaker 4: not going to take that step because that step makes
Speaker 4: you feel sick. That step gives you anxiety. And the
Speaker 4: second we have anxiety about something, warning lights go off
Speaker 4: and we go this must not be the right thing
Speaker 4: to do. I know everyone's saying it's good, but I
Speaker 4: feel disgusting about this. I feel anxious. I feel really unsure.
Speaker 4: Maybe I shouldn't be doing this. You're right, Maybe I'll
Speaker 4: just put it to the side and look at it
Speaker 4: next year.
Speaker 1: Yeah, you look at it next year.
Speaker 4: You're anxious again. Yeah, but we're not addressing the underlying
Speaker 4: idea of where this mindset or where this approach has
Speaker 4: come from. Right, And I think that to do that
Speaker 4: is really important.
Speaker 2: Yeah.
Speaker 1: Absolutely, This hypothetical story about my doctor friend really has feeling.
Speaker 1: I think that I'm attached to this person. I don't
Speaker 1: know who this person is. What should we name it?
Speaker 4: I don't know. Emily is a good name, but it's caller. No, okay,
Speaker 4: we call it Emily. We'll call it Emily, Emily, I'm here.
Speaker 1: Emily sounds like a doctor. Emily sounds like a doctor.
Speaker 1: It's a very doctorish name, you reckon. I want Emily
Speaker 1: to learn how to be more of an abundance mindset
Speaker 1: sort of person. So tell me what is abundance mindset.
Speaker 1: I'm guessing this is like optimistic thinking.
Speaker 4: Yeah, absolutely it is. And I don't want to say
Speaker 4: being more positive because that sucks, Like I hate when
Speaker 4: people like, just be more positive about your y, like
Speaker 4: I'm actually I'm going to hear you, because that's not
Speaker 4: just an option. But people who look at the world
Speaker 4: from an abundance mindset know that there are more than
Speaker 4: enough opportunities to go around for everybody out there, and
Speaker 4: that one person's success does not come at the detriment
Speaker 4: of somebody else's. And often you see this at school
Speaker 4: where you know young kids like I remember because I
Speaker 4: had a bit of a scarcity mindset, and I still
Speaker 4: do and I still work towards being more abundance mindset.
Speaker 4: And that's why I talk about it so often, because
Speaker 4: I need to convince myself regularly that this is where
Speaker 4: I want to be, not where I actually am. But
Speaker 4: I remember being like, oh, my friend's got an a
Speaker 4: on that assignment, and I got to be yeah, I'm
Speaker 4: never gonna get there, Like, you know, she's got all
Speaker 4: of this succept. It had nothing to do with that.
Speaker 4: I was comparing myself to somebody else for what outcome
Speaker 4: to just feel shit about myself. Yeah, great idea of Victoria.
Speaker 4: That's really good. But essentially, instead of hurrying through their decisions,
Speaker 4: they make really deliberate, careful choices that are aligned with
Speaker 4: their values and the life that they want to create.
Speaker 4: And if there's enough for everybody, then there's no need
Speaker 4: to compare. There's no need to compete because your success
Speaker 4: not at the detriment of mine, and vice versa. It's
Speaker 4: kind of like this quote that I am obsessed with
Speaker 4: a rising tide lifts all ships, and I think like
Speaker 4: that she's on the money with a rising tide all
Speaker 4: the ships. That's you guys, Like, the more we can create,
Speaker 4: the more content that is out there, the more our
Speaker 4: tide rises, the more you guys rise, and it's not
Speaker 4: the detriment of somebody else. Yeah, there might be a
Speaker 4: new little boat that's just come to the marina and
Speaker 4: they've never actually been on the ocean. Before, like they're
Speaker 4: not on the tide. They don't know what they're up to.
Speaker 4: But that's okay, you can come along. We've got all
Speaker 4: this content that you can consume and get up to
Speaker 4: speed with everybody else. But we're rising and we're doing
Speaker 4: it together, and I think that that's the most important
Speaker 4: thing there, Like you do not have to push someone
Speaker 4: down for you to rise up. And I think that
Speaker 4: that's where you know, when I did that recap of
Speaker 4: like things that are in and out for twenty twenty three,
Speaker 4: and I say girl boss culture, like that to me
Speaker 4: was out because that often aligns to I do well
Speaker 4: and everybody else doesn't do well, and I will step
Speaker 4: on people to get where I need to go, and
Speaker 4: that makes me sick. We don't do that, No, but
Speaker 4: you can literally get where you want to go without
Speaker 4: snatching a piece of pie from somebody else.
Speaker 1: Wow, it's actually very good to know. Yeah, it's a
Speaker 1: fantastic analogy as well, rising with the tides. Everyone. That's
Speaker 1: really cute. I really like that. So what are some
Speaker 1: personality traits that are associated with abundance mindset?
Speaker 4: So someone with an abundance mindset? Firstly, I've written down
Speaker 4: a list again, so strip yourselves in So firstly, they
Speaker 4: consider the opportunities in a situation by focusing on the
Speaker 4: areas of growth and improvement. They lead with control by
Speaker 4: taking responsibility, which inspires them to act with confidence and clarity.
Speaker 4: They spend their mental energy on new possibilities by being
Speaker 4: flexible and adaptable to their circumstances, so they can see
Speaker 4: opportunities where some people don't see any. They think about
Speaker 4: the challenges and growth ahead, and that actually makes them
Speaker 4: feel really empowered and engaged. Their positive attitude inspires and
Speaker 4: energizes others to perform well. They collaborate well with others
Speaker 4: by sharing knowledge and success, which is kind of like
Speaker 4: the rising tide lifts aul ships. It's kind of like
Speaker 4: do you remember at school when people be like, oh,
Speaker 4: can I see your notes? Like literary?
Speaker 1: Is that kid? Yeah?
Speaker 4: But that's abundance mindset. If that person says yeah, no
Speaker 4: worries because from my perspective, and I was that person
Speaker 4: that I would literally and at UNI, I actually made
Speaker 4: money from doing this. I used to sell copies of
Speaker 4: my notes that I took in lectures because lots of
Speaker 4: people wouldn't go and I was just super freek and
Speaker 4: I would go to every single lecture and I would
Speaker 4: actually get mad anxiety if I didn't go. So I
Speaker 4: took these beautiful handwritten notes, and after the lecture, I
Speaker 4: would go to the library and scanning was free. Printing
Speaker 4: wasn't Scanning was free, and I'd scan it and put
Speaker 4: it in my emails and people would pay me like
Speaker 4: ten bucks per sheet of notes. Yeah, right, But I
Speaker 4: was under the assumption and this is maybe negative. I
Speaker 4: don't know who knows where we're going with this, but
Speaker 4: I was like, I can give you my notes, I
Speaker 4: can literally hand it to you on a silver platter,
Speaker 4: But if you don't read them, and you don't put
Speaker 4: the work in the time and the energy and the
Speaker 4: effort in that I have, you're definitely not going to
Speaker 4: be successful, even if you've paid for this copy of notes.
Speaker 1: Right, so you were you didn't feel threatened that if
Speaker 1: they will be I.
Speaker 4: Will give you absolutely everything you need to be successful,
Speaker 4: but at the end of the day, that success is
Speaker 4: up to you and whether you're going to put the
Speaker 4: energy in, because like, if I hand you these beautiful
Speaker 4: notes that I wrote, which, by the way, because I
Speaker 4: knew I was selling them, I like fully ruled the
Speaker 4: page with like the red line, you know what I'm
Speaker 4: talking about stunning. Also would highlight things and i'd scan
Speaker 4: it in color because obviously right business now exactly, I'm
Speaker 4: a business lady, have been from the beginning. But I
Speaker 4: was literally like, well, what's the use in you know,
Speaker 4: hiding my notes and being like, oh my god, no,
Speaker 4: if you didn't take notes in that lecture, baby, already
Speaker 4: didn't go to the lecture, You're already behind. You're already
Speaker 4: going to have to do the work. And if you
Speaker 4: just think that having the notes and paying for them
Speaker 4: is going to put your head, it's not.
Speaker 1: Yeah, it was already they're available for them.
Speaker 4: Yeah, yeah, go for it. But anyway, so I think
Speaker 4: that that's where my abundance mindset started. I feel like
Speaker 4: I mixed between the two. Like some things I'm a
Speaker 4: bit scarce to be mindset about, some things I'm a
Speaker 4: bit abundance mindset about. So it's not one silo or
Speaker 4: the other. And I think that's important to point out.
Speaker 4: So you're not just an abundant person, or you're not
Speaker 4: just as scared city person. You could be abundant in
Speaker 4: every other aspect of your life, Like I was when
Speaker 4: it came to notes, but when it came to money,
Speaker 4: I was really scarce. Does that make sense? So it
Speaker 4: could be a relationship as well, Like you could have
Speaker 4: abundance in every other aspect of your life but have
Speaker 4: some type of relationship trauma. Therefore, you've got, you know,
Speaker 4: a scarcity mindset when it comes to creating personal relationships.
Speaker 4: So it's not just money, it's not just one aspect
Speaker 4: of your life. It can kind of cut and pacet
Speaker 4: different areas around. Does that make sense, Yeah, that does
Speaker 4: make sense. So the last thing before you ask another
Speaker 4: question I do apologize is people with an abundant mindset
Speaker 4: they often think big and like to embrace risk, which
Speaker 4: I think is important because risk is a really big
Speaker 4: part of investing. Not only do you have to understand risk,
Speaker 4: but you have to be willing to take some level
Speaker 4: of risk to get some level of return. And obviously
Speaker 4: there's this risk return trade off. The more risk you take,
Speaker 4: the more likely return you could anticipate. And that's why
Speaker 4: if you've got like a term deposit, there's less risk involved,
Speaker 4: and that's why the percentage rate that you're going to
Speaker 4: get back is less, whereas if you invest in Australian
Speaker 4: shares that's a bit more risky, and then international shares
Speaker 4: that's a bit more risky. Again because the more risk
Speaker 4: you take, the more likely return you get. But someone
Speaker 4: who has abundance mindset fully comprehends that, whereas somebody who
Speaker 4: has more of a scarcity mindset sees that risk return
Speaker 4: trade off and goes, ah, heck, no, any level of
Speaker 4: risk is giving me anxiety. Any level of risk is unacceptable.
Speaker 4: And that's often because they don't fully comprehend what that
Speaker 4: risk means. They go, oh, I could lose all my money.
Speaker 4: It's like when you talk to people about the share market,
Speaker 4: and it's so interesting because obviously I worked as a
Speaker 4: financial advisor for years, and I would talk to people
Speaker 4: and be like, yeah, like I work with my clients
Speaker 4: and you know, I create share portfolios and I manage
Speaker 4: their money. And they're like, what you just invested? What
Speaker 4: if you lost all your clients' money? And I'm like, oh, well,
Speaker 4: you know, the way I invest is actually for the
Speaker 4: long term. And if you look at the share market
Speaker 4: over a thirty year period of time, like losing money
Speaker 4: is actually you know, that hasn't happened over that frame
Speaker 4: of time. And you know, the clients I work with,
Speaker 4: you know, understand that we don't actually invest for a
Speaker 4: short period of time, and we understand the economics of
Speaker 4: the market. And if the market goes down, like I
Speaker 4: have educated my clients in a way where they know,
Speaker 4: if the market's down shares are on sale, like maybe
Speaker 4: we could pick up some more, it's not time to sell.
Speaker 4: Whereas people who have more of a scarcity mindset might
Speaker 4: convince themselves to invest and go, oh, this is great,
Speaker 4: no worries, Like I've taken the next step. I'm so
Speaker 4: proud of myself. And then the market shifts itself back
Speaker 4: and they shit themselves and go, oh my god, my
Speaker 4: share portfolio is down. Oh, I better sell it all
Speaker 4: because I don't want to be left with nothing. And
Speaker 4: what they don't realize is, you know, they might have
Speaker 4: gone and bought ten shares, and those ten shares might
Speaker 4: have been worth a dollar each at the time of purchase,
Speaker 4: so it was worth ten dollars in total. Their shareport
Speaker 4: volume might now be valued at five dollars, but they
Speaker 4: still have those ten shares. And if they rode the
Speaker 4: roller coaster and waited and didn't buy into this mentality
Speaker 4: of fear and anxiety that would ride the roller coaster
Speaker 4: back up. Those ten shares might be worth ten dollars again,
Speaker 4: and then it might be worth fifteen dollars. In thirty
Speaker 4: years from now, it's probably worth twenty or thirty dollars. However,
Speaker 4: if you sold your ten shares for five dollars when
Speaker 4: the market's down and you wait for the market to
Speaker 4: re recover, you then have to spend double what you
Speaker 4: got your shares out for to buy back ten shares
Speaker 4: at ten dollars again, and it puts you in a
Speaker 4: position where you're actually shooting yourself in the foot. And
Speaker 4: we saw it a lot over the last two years
Speaker 4: because obviously COVID has thrown us in an absolute spin
Speaker 4: when it comes to the market in general. We saw
Speaker 4: a lot of people posting our community or message me.
Speaker 4: But over the last two or three years, while COVID
Speaker 4: has been happening, two micro investing platforms that are really
Speaker 4: popular in our community Arrays and Spaceship, and people would
Speaker 4: get on them with not enough education about the market
Speaker 4: because they were easily accessible, and then the market would
Speaker 4: drop and they be like, oh, my Spaceship's doing so
Speaker 4: badly so I just so all out and I'm out,
Speaker 4: it's so silly, like investing is not worth it, Like
Speaker 4: I can't believe that these people talk positively about it.
Speaker 4: I lost thirty bucks, and you would ask a follow
Speaker 4: up question and be like, oh, how long were you
Speaker 4: invested for? Oh, six months? And you'd be like yeah,
Speaker 4: Like you're meant to invest over the long period. You're
Speaker 4: meant to invest in things that you understand. And I
Speaker 4: think one of the things that is really important when
Speaker 4: it comes to investing is one understand the long term
Speaker 4: scarcity mindset, understanding whether that's going to shoot you in
Speaker 4: the foot when something does happen, but also understanding what
Speaker 4: you're investing in. And often if you're choosing just a
Speaker 4: microinvesting platform, you just accept the terms and conditions that
Speaker 4: they have and the portfolio that they've put together without
Speaker 4: comprehending it, Whereas often I find that people who go
Speaker 4: to different platforms, like they might go to Chares's and
Speaker 4: they've picked a specific ETF because it aligns with their values,
Speaker 4: and they've picked a few direct shares that align with
Speaker 4: their values, They're less likely to sell out of that
Speaker 4: because they feel really committed to that cause whether the
Speaker 4: market is up or down. Whereas if you don't don't
Speaker 4: fully comprehend what is going on in a portfolio and
Speaker 4: just download it because you saw somebody else was using it,
Speaker 4: that's where you're more likely to find yourself in a
Speaker 4: bit of a pickle or feeling like you just want
Speaker 4: to get out because you feel like you've lost your money.
Speaker 4: Does that make sense?
Speaker 1: Yes, absolutely makes sense. Scare dear cats really bad. But no, okay,
Speaker 1: it's quite clear that I need to absorb all this
Speaker 1: break because that was a terrible joke. I needed to
Speaker 1: have a nap, have.
Speaker 4: A nap, have a kit cat? Is that that? That's
Speaker 4: not even Let's have a break. I am a kick cat.
Speaker 1: So happy that you made a bad joke right after
Speaker 1: my bad joke.
Speaker 4: That was a good joke.
Speaker 1: I don't know, No, that's true. Don't find me all right,
Speaker 1: Let's take a break. We'll be back soon.
Speaker 4: This's just delicious.
Speaker 1: Oh my god, feet, I'm so glad we literally had
Speaker 1: a break and had a kit cat. We did? I
Speaker 1: treat you right, You're so good to me.
Speaker 4: I should have known the tagline because the tagline it's
Speaker 4: literally on the packet. I had what did I say,
Speaker 4: have a nap, have a kickcap.
Speaker 1: It's close enough.
Speaker 4: It's actually better. I don't want to have a break.
Speaker 4: I want to have a nap.
Speaker 1: A nap exactly right. Who's benefiting from a break? No,
Speaker 1: anybody have a nap goes straight break.
Speaker 4: A break reminds me of those fifteen minute breaks I
Speaker 4: got when I was in retail, and I wasn't ever
Speaker 4: sure what to do with them, because it's not long
Speaker 4: enough to pop out and get lunch, because by the
Speaker 4: time you got back your break was over. But it
Speaker 4: also was too long to just like stand out the
Speaker 4: back and twiddle your thumbs. You know, absolutely, when you
Speaker 4: say break, I'm like, I don't want to break the
Speaker 4: worst fifteen minutes unpaid too. You're just going to make
Speaker 4: me stand out the back of fifteen minutes. Can't I
Speaker 4: add my fifteen minutes to my half an hour lunch
Speaker 4: break and then have a good day.
Speaker 1: No, they never let me do that anyway. Moving on,
Speaker 1: so very clever though. Now being the break, I was
Speaker 1: thinking about how I'd like to adopt an abundance mindset.
Speaker 1: It's good to know that it is possible. Absolutely, it's possible.
Speaker 1: We can do anything we set our minds too. B
Speaker 1: Oh my god, that's amazing. Well, let's have a think
Speaker 1: about it, just in the investment world. How can we
Speaker 1: change our scarcity mindset to more of an abundance mindset.
Speaker 4: I think that's actually a really important delineation because, as
Speaker 4: I said before, scarcity mindset could actually exist in any
Speaker 4: facet of your life. It could be your entire life,
Speaker 4: it could just be a certain area. But when it
Speaker 4: comes to investment mindset, I think that's really really important
Speaker 4: to talk about because it limits what we can create
Speaker 4: in the future and the financial freedom that you actually deserve. Like,
Speaker 4: if you're not creating financial freedom or working towards it
Speaker 4: and you really want to be, you're going to carry
Speaker 4: a lot of guilt later down the road when you're like,
Speaker 4: oh my god, I wish I was doing this earlier,
Speaker 4: or you know, I speak to a lot of people
Speaker 4: in their sixties who are about to retire because we've
Speaker 4: just discovered our podcast. They're like, I wish I'd known
Speaker 4: this when I was younger. I wish I'd pulled my
Speaker 4: finger out, or I wish I'd put more in my
Speaker 4: super And I just feel like that's not a position
Speaker 4: I want anyone in our community to be in And
Speaker 4: as much as I say, look, you are where you are,
Speaker 4: life is a journey. And I I know that if
Speaker 4: I had this education when I was twenty one and
Speaker 4: got into personal debt, I wouldn't have listened to it.
Speaker 4: I would have been like, that's call by I'm living
Speaker 4: my best life. Like my mindset was so different. But
Speaker 4: if you're open to change and you want to create change,
Speaker 4: it is entirely possible. You've just got to have the
Speaker 4: information at the right period of time to facilitate that.
Speaker 4: And sometimes just having the information isn't enough. You've actually
Speaker 4: got to want to change. So first I want to
Speaker 4: talk about I guess how to snap out of that
Speaker 4: scarcity mindset and the psychology of what's called reframing. So
Speaker 4: it's taking one situation and changing that view from a
Speaker 4: negative to a positive. And I think that that can
Speaker 4: actually be really, really helpful. So instead of saying something like,
Speaker 4: oh my gosh, like I can't believe I have to
Speaker 4: get up in the morning and go to work. That's
Speaker 4: the worst you might change it too, Oh in the morning,
Speaker 4: I get to go to work. It doesn't always have
Speaker 4: to be the super sickly sweet amount of positivity. Like,
Speaker 4: that's actually, from my perspective, unobtainable. I'm not always super
Speaker 4: sickly sweet, and I don't actually want that in my
Speaker 4: life because this would be weird. Let's be honest. If
Speaker 4: I was super positive all the time and I said, oh,
Speaker 4: instead of I have to go to work in the morning,
Speaker 4: I was like, oh, my gosh, I love going to work.
Speaker 4: I'm not gonna believe that. No one reframing it to
Speaker 4: a take of gratitude to well, I get to go
Speaker 4: to work. I mean, I'm not super super pumped, but
Speaker 4: I get to do that, and that's a privilege in itself.
Speaker 4: I think reframes it to a positive mindset that's not
Speaker 4: that super sickly sweet. Like do you know what I mean?
Speaker 4: Because I feel like some people online are like, reframe
Speaker 4: it to the positive and you're like, no, I'm not
Speaker 4: gonna do that.
Speaker 1: It's almost like toxic positivity. Would you agree?
Speaker 4: I mean, literally, it is toxic positivity. But the next
Speaker 4: thing I would do is really focus on what you
Speaker 4: do have. So scarcity often scares people from making career
Speaker 4: changes or taking risk because they think there aren't enough
Speaker 4: opportunities like bet got a new job, therefore I won't
Speaker 4: get one because like, there's only so many that go around.
Speaker 4: It's now to to think about the positives that you
Speaker 4: do have to let you move forward. The next thing
Speaker 4: I'm going to say controversial, but audit the people around
Speaker 4: you and surround yourself with positive people. The people around
Speaker 4: you will really influence you. That quote of you are
Speaker 4: the some of the five closest people to you, I
Speaker 4: genuinely believe, and spending time with positive minded people will
Speaker 4: often have you soon thinking in that same way. This
Speaker 4: one's a bit sappy, and I know we said no
Speaker 4: toxic positivity, but practice gratitude. You don't have to be
Speaker 4: overly sickly sweet about gratitude, which I feel like every
Speaker 4: influencer and their dog is carping on about, especially because
Speaker 4: it's new. You knew me, Like, let's write in our
Speaker 4: gratitude journals. I get it, and I'm not making fun
Speaker 4: of that. I mean, I am making fun of that,
Speaker 4: but like, I'm not making fun of that if it
Speaker 4: works for you, but I also know that it wouldn't
Speaker 4: work for me. But gratitude has been shown to positively
Speaker 4: improve mental health and well being. So if you want
Speaker 4: to create a gratitude or just have a little piece
Speaker 4: of paper beside your bed. I bought a gratitude journal
Speaker 4: actually at Kiki k And instead of it being like
Speaker 4: heaps of pages of empty paper, it's like five little
Speaker 4: dot points each day and it starts the sentence for you,
Speaker 4: which I find really helpful because I'm not that good
Speaker 4: at journaling without prompts. Yeah, so that was really helpful.
Speaker 4: And if you create a journal and write down five
Speaker 4: things that you're grateful for every day, it can reframe
Speaker 4: your life. Literally. The other thing I want to say
Speaker 4: this is like share them with your partner, share them
Speaker 4: with a friend, call your mum, call somebody that you
Speaker 4: care about, and share them and create that accountability. Because Beck,
Speaker 4: if you and I live together, which would be elite
Speaker 4: by the way, because I'm a really big cook and
Speaker 4: you bring the vibes like that would be really good.
Speaker 4: But if you take those five things and every single
Speaker 4: day I have an accountability that all right? Every day
Speaker 4: Beck and I tell each other our five things, do
Speaker 4: you know what you start doing? You start looking for more?
Speaker 3: Yeah?
Speaker 4: Things. So if I know or I'm going home tonight
Speaker 4: and I'm going to tell Beck my five things, and
Speaker 4: you know what can actually help taking a photo of it,
Speaker 4: and I know that's really lame. It could be a
Speaker 4: picture of a kickat on a desk, and that could
Speaker 4: be one of your positive things. And that five things,
Speaker 4: I promise will turn into ten because you're consistently looking
Speaker 4: for more positive things to share. So if I know
Speaker 4: or I have to take five positive things home to
Speaker 4: tell beck about tonight, I'm just looking for positive things
Speaker 4: all day. And the more you start looking for things,
Speaker 4: the more they start appearing. And this goes back to
Speaker 4: that manifestation conversation we're having the other day where I said,
Speaker 4: I don't particularly believe in manifestation because it's all about
Speaker 4: what you're looking for and those things showing up. And
Speaker 4: I use the example of the bright yellow Honda Jazz, like,
Speaker 4: if you think about that as a car, I can't
Speaker 4: remember seeing one, But if I start telling you to
Speaker 4: look for one, you're going to see more of them, right, Yes,
Speaker 4: confirmation by exactly. And so the more you're looking for
Speaker 4: positive things and the more you have some level of
Speaker 4: accountability to deliver five or it could be one, like
Speaker 4: let's just start with one. I need to share the
Speaker 4: most positive thing that happened today with Beck when I
Speaker 4: get home instead of going, oh, Beck, how's your day?
Speaker 4: Oh yeah, Oh my gosh, it was the most stressful thing.
Speaker 4: Stop talking about that. What was the best thing about
Speaker 4: your day? Back and you're like, oh, okay, well Victorias
Speaker 4: knuckout of this recording studio and stole a kick cat
Speaker 4: for me and brought it back. That was pretty late.
Speaker 1: That is going into my gratitude Gennal.
Speaker 4: Yeah, okay, perfect, But it doesn't need to be these
Speaker 4: big overarching things, and it could be a really personal
Speaker 4: gratitude where you go, you know, I'm really grateful for
Speaker 4: my KitKat. No one else would understand that because it'd
Speaker 4: be like, what the heck kickat is the worst chocolate ever?
Speaker 4: Do you know what I mean? Like, I really personal
Speaker 4: and I think that by practicing gratitude it can actually
Speaker 4: change your life. And I'm going to stop harping on
Speaker 4: about it because it's gonna be come some kind of
Speaker 4: self help podcast. It absolutely shouldn't be. The Next thing
Speaker 4: I want to talk about is recognizing the possibilities. Again,
Speaker 4: this feels like a little self help kind of book.
Speaker 4: I'm not mad about it. Watch out. Brene Brown we're
Speaker 4: coming for you.
Speaker 1: I'm learning a lot today.
Speaker 4: This is great, but when you recognize the possibilities, it's
Speaker 4: important to focus on one thing that can train your
Speaker 4: brain to let other things go unnoticed. So rewire your
Speaker 4: mind to look for possibilities and solutions instead of letting
Speaker 4: problems get you down, kind of like the yellow Honda Jazz.
Speaker 4: If you're looking for it, I promise more of it appears.
Speaker 4: It is crazy. The same thing happens with opportunities. So
Speaker 4: if you have your head in the sound, you're like, oh,
Speaker 4: jobs never come up, bab, You're probably not looking for them,
Speaker 4: Like you don't have your eyes open, you're not looking
Speaker 4: for them. But if you start looking for them, I
Speaker 4: promise they appear in abundance. It is crazy. And then
Speaker 4: the last thing I'm going to say here is the
Speaker 4: tunnel vision caused by scarcity mindset actually means other important
Speaker 4: things end up falling by the wayside. So start escaping
Speaker 4: that little tunnel you've created by organizing your time or
Speaker 4: automating some tasks that might actually help you build an
Speaker 4: abundant future. So that might be actually setting up an
Speaker 4: auto invest program. So you might have decided to invest,
Speaker 4: but instead of having to do that each and every
Speaker 4: single month, you might just set up a direct debit
Speaker 4: on your app and go all right, well I'm going
Speaker 4: to do this. I'm just gonna set and forget. This
Speaker 4: makes sense. This actually puts me in the best possible position.
Speaker 4: Does that make sense?
Speaker 1: Yeah, that completely makes sense. I'm really liking these. I
Speaker 1: feel like I'm going to go away and practice gratitude
Speaker 1: and try to not look I am generally a pessimist.
Speaker 1: I know it may not seem like it. You don't.
Speaker 4: You must be working hard on that.
Speaker 1: I'm gonna be working hard, especially after this manifest.
Speaker 4: Your Honda Jazz.
Speaker 1: Absolutely, that's all I've ever wanted is Ayazz, honestly, I promise.
Speaker 1: Do you know how funny it is though, because we
Speaker 1: mentioned that a couple of weeks ago on a pod episode.
Speaker 1: The amount of messages please keep sending them to me though,
Speaker 1: The amount of messages I've got of people sending photos
Speaker 1: of Honda jazz is to me that are yellow. I'm like, thanks, babe.
Speaker 4: They're like, oh my.
Speaker 3: God, it was true.
Speaker 1: I saw the story today.
Speaker 4: I'm like, no, no, no, I want I want all
Speaker 4: your Honda Jazz content. You know what I'm going to
Speaker 4: start posting all my story, so spare me with your
Speaker 4: Honda jazz. Is I'm here for if you a yellow
Speaker 4: Honda Jazz, let's be friends.
Speaker 1: Even better, even better.
Speaker 4: You are manifestation quing. You are the yellow Honda Jazz.
Speaker 4: That is powerful. V.
Speaker 1: Before you touched on reframing mindset, I'm wondering if we
Speaker 1: could go a little bit deeper with that.
Speaker 4: Yeah, okay, So reframing is actually a super powerful tool
Speaker 4: that I think I learned about in the first year
Speaker 4: of psychology, and it's really about reframing a circumstance. And
Speaker 4: the way I learned about it was in reframing questions
Speaker 4: to potential clients as a psychologist, where you know they
Speaker 4: might say something and you want to continue the conversation,
Speaker 4: but you don't necessarily have a question, so you reframe
Speaker 4: it and go, Wow, Beck, you just said that you're
Speaker 4: negative about XYZ, and you kind of reframe what they've
Speaker 4: just said, so one they feel heard, but two they
Speaker 4: might elaborate on it from a different perspective, So you
Speaker 4: might have had a negative take and I might reframe
Speaker 4: it in a positive light and be like, oh, but
Speaker 4: it might not have all been bad right, and you go, oh, yeah,
Speaker 4: well actually, and you might open up about a different
Speaker 4: facet of that experience that you're explaining to me, because
Speaker 4: the job of a psychologist isn't actually to just tell
Speaker 4: you the answers. In fact, the answer has always come
Speaker 4: from within the client. So it's about reframing it so
Speaker 4: that maybe you see it from a different perspective and go, yeah, actually,
Speaker 4: I hadn't thought about it that way, Victoria, Well, actually
Speaker 4: my mum used to it. Does that make sense to
Speaker 4: reframe the question. So the idea is that the frame
Speaker 4: through which a person views a situation really determines their
Speaker 4: point of view. So they might have rose colored glasses
Speaker 4: on it everything is hunky dory. They might also have
Speaker 4: their sunglasses on inside, which makes everything look a little
Speaker 4: bit darker than it needs to be, and you might
Speaker 4: want to be like, oh, hey, have you tried these
Speaker 4: yellow lenses? Like what if we have a look at
Speaker 4: it from here? So imagine looking through a camera lens.
Speaker 4: The picture you see can actually be changed depending on
Speaker 4: what sunglasses you're wearing and what camera lens filter that
Speaker 4: you put on, or what Instagram filter is on that picture,
Speaker 4: or what's the beauty filter on TikTok, Like I swear
Speaker 4: that is not helping anybody else, but by slightly changing
Speaker 4: what is seen in the camera, the picture is both
Speaker 4: viewed and experienced differently, And this is really positive if
Speaker 4: we're changing our mindset, because you can go, oh, I
Speaker 4: do see that really negatively? What are some tools I
Speaker 4: eat glasses that I could put on that help me
Speaker 4: start to see it differently? But it can also change
Speaker 4: things to negative, right, And this goes back to again
Speaker 4: I mentioned TikTok. I genuinely feel like the TikTok beauty
Speaker 4: filter is giving people unrealistic standards of what beauty actually
Speaker 4: looks like because it's automatic and you just go, wow,
Speaker 4: there's so many beautiful people on my feed. I can't
Speaker 4: believe these people always look that good or their skin
Speaker 4: is always that perfect, etc. Etc. And that is the
Speaker 4: way you're viewing that circumstance. It's the lens that has
Speaker 4: been put on that situation, which then determines your point
Speaker 4: of view. And I think that that is actually a
Speaker 4: really good example because it's the same as your outlook.
Speaker 4: So when the frame is shifted, the meaning changes and
Speaker 4: the thinking and the behavior often changes along with it.
Speaker 4: So if you can literally put the glasses down or
Speaker 4: take your sunglasses off while you're inside and maybe put
Speaker 4: some rose colored or so maybe like yellow tindered ones,
Speaker 4: they don't look that hot on, but that is okay.
Speaker 4: I think that that can actually put you in a
Speaker 4: better position, and choosing to reframe can actually be can
Speaker 4: be exhausting, like I learned it at university, because it
Speaker 4: is something that you need to practice and learn. It
Speaker 4: is not something you can be like, oh yeah, cool,
Speaker 4: I learn on the podcast about reframing. I now do
Speaker 4: that all the time. You have to work out it,
Speaker 4: you have to consistently change it because your mind, as
Speaker 4: a human being is automatically negative. Like that is human nature.
Speaker 4: And the reason it is human nature is because we
Speaker 4: used to be cave people and leaving the cave was
Speaker 4: a risk. Leaving the cave was a risk. Yeah, we
Speaker 4: needed food, but it was the risk worth it. Yeah
Speaker 4: I'm pretty hungry, but also there's bears and stuff out there,
Speaker 4: and automatically, as a survival instinct, we are negative because
Speaker 4: the negative actually protects us. And if you grew up
Speaker 4: in a scarcity mindset, then being negative protects you, right,
Speaker 4: Like even going don't worry. I'm not going to ask
Speaker 4: mum for that. That's not worth It is going to
Speaker 4: translate into you being an adult who doesn't want to
Speaker 4: spend money on stuff because it gives you anxiety. You're
Speaker 4: evasive of it. So I think it's really important to
Speaker 4: understand how that can actually impact you and what that
Speaker 4: means and choose to reframe it. But that is going
Speaker 4: to be work. I'm not going to put my rose
Speaker 4: colored glasses on and be like it's so easy. It
Speaker 4: can be, But that's why we want to have maybe
Speaker 4: a daily task of sharing something we're grateful for, or
Speaker 4: having a gratitude journal, or having something that can put
Speaker 4: us in that perspective where we're going, all right, I'm
Speaker 4: moving from scarcity mindset to this, or even just reflecting
Speaker 4: on your own interactions that day and going wow, like
Speaker 4: that was negative. How could I have approached that differently,
Speaker 4: or how would I approach that? To feel like I'm
Speaker 4: being my best self in this circumstance, I think can
Speaker 4: actually be really really helpful. And I guess to summarize
Speaker 4: all of that, the second you can start reframing the
Speaker 4: way you view investment and how that works. The second
Speaker 4: you can start creating the financial freedom that I know
Speaker 4: you all deserve. And I think so many of us
Speaker 4: limit ourselves because of our ex experiences or our upbringing
Speaker 4: or the way that we view things, and that might
Speaker 4: not actually be reality.
Speaker 1: That makes so much sense. It's really really good to
Speaker 1: see where that kind of mindset comes from. And it's
Speaker 1: not just because I'm a negative person or whatever else.
Speaker 4: No, absolutely not. It's ingrained in us. It's the way
Speaker 4: we grew up, and it's a defense mechanism, like being
Speaker 4: negative is a survival instinct, and often if you have
Speaker 4: been through some level of trauma or a circumstance that
Speaker 4: maybe was beyond your control, we revert to being negative.
Speaker 4: And it makes sense because it's a vile that's how
Speaker 4: we make our way through the world. But it's now
Speaker 4: twenty twenty three and we live in this world of
Speaker 4: abundance and you can create anything you want, but we've
Speaker 4: actually got to lift that mindset up and put this
Speaker 4: other mindset on if you actually want to be successful
Speaker 4: in that realm.
Speaker 1: That's a really good takeaway. I'm going to go out
Speaker 1: into the world and put my rose colored glasses on.
Speaker 1: Now that's all we have time for today. V thank
Speaker 1: you so much for that. Inport, Let's go and have
Speaker 1: some more kitck cats.
Speaker 4: Yeah. Absolutely, we're going to take a break and have
Speaker 4: a kickkat.
Speaker 1: But obviously wrong still, but that's okay with Oh.
Speaker 4: Did I okay? Well, I'll just cancel myself and see
Speaker 4: myself out. But you know what, I believe I can
Speaker 4: do it better next time because I have an abundance mindset.
Speaker 4: There she go. Yeah absolutely, But as always, we would
Speaker 4: love it if you joined our Facebook group where our
Speaker 4: community shares money, tips and tricks every single day of
Speaker 4: the week, free of judgment. So She's on the Money
Speaker 4: on Facebook and send me your yellow Honda Jazz pictures.
Speaker 4: I want to see them. If Facebook's not your thing,
Speaker 4: you and also find us and tag us in your
Speaker 4: jazz pictures on Instagram. And we're also on TikTok. I mean,
Speaker 4: I'd love to see a TikTok of all the Honda
Speaker 4: jazz Is that you saw that were yellow this week.
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Speaker 4: see you on Friday, my friends, have a good day.
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