1
00:00:00,680 --> 00:00:04,920
Speaker 1: Hello, my name's Santasha Nabananga Bamblet. I'm a proud yr

2
00:00:04,960 --> 00:00:08,680
Speaker 1: the Order Kerney Whoalbury and a waddery woman. And before

3
00:00:08,680 --> 00:00:11,160
Speaker 1: we get started on She's on the Money podcast, I

4
00:00:11,160 --> 00:00:14,319
Speaker 1: would like to acknowledge the traditional custodians of the land

5
00:00:14,400 --> 00:00:17,680
Speaker 1: of which this podcast is recorded on a wondery country,

6
00:00:18,120 --> 00:00:22,240
Speaker 1: acknowledging the elders, the ancestors and the next generation coming

7
00:00:22,320 --> 00:00:26,960
Speaker 1: through as this podcast is about connecting, empowering, knowledge sharing

8
00:00:27,080 --> 00:00:30,120
Speaker 1: and the storytelling of you to make a difference for

9
00:00:30,240 --> 00:00:32,640
Speaker 1: today and lasting impact for tomorrow.

10
00:00:33,320 --> 00:00:34,120
Speaker 2: Let's get into it.

11
00:00:34,800 --> 00:00:47,920
Speaker 3: She's on the Money, She's on the Money.

12
00:00:57,680 --> 00:00:59,920
Speaker 4: Hello, and welcome to She's on the Money, the pod

13
00:01:00,080 --> 00:01:01,160
Speaker 4: cast millennials who.

14
00:01:01,080 --> 00:01:02,760
Speaker 5: Want financial freedom.

15
00:01:03,080 --> 00:01:05,119
Speaker 4: It will covers no surprise to those of you who

16
00:01:05,160 --> 00:01:08,520
Speaker 4: listen often to the show that I'm bexay ed just kidding.

17
00:01:08,640 --> 00:01:12,039
Speaker 5: If you're noted, is sick? Just greed?

18
00:01:12,160 --> 00:01:16,240
Speaker 4: Sheese You've got me instead today, But hopefully I do

19
00:01:16,400 --> 00:01:19,240
Speaker 4: her justice. And I'm really excited because today we're talking

20
00:01:19,360 --> 00:01:24,440
Speaker 4: all things small money goals with financial Wizard Victoria to Fine.

21
00:01:24,560 --> 00:01:27,800
Speaker 6: Oh, hello, you're here too. I'm excited about this. It's

22
00:01:27,800 --> 00:01:29,480
Speaker 6: been a while since you've been on a deep dive.

23
00:01:29,680 --> 00:01:31,679
Speaker 5: I know this is fun and I love a good

24
00:01:31,720 --> 00:01:32,520
Speaker 5: goal setting moment.

25
00:01:32,560 --> 00:01:34,119
Speaker 6: We were talking when I told you about the topic.

26
00:01:34,160 --> 00:01:35,759
Speaker 6: I was like, look, be's not well. Do you think

27
00:01:35,800 --> 00:01:37,800
Speaker 6: you can do this episode? You're like, oh, this was

28
00:01:37,800 --> 00:01:38,280
Speaker 6: made for me.

29
00:01:38,760 --> 00:01:40,880
Speaker 4: We love a good goal in this team. And V

30
00:01:40,959 --> 00:01:44,240
Speaker 4: You're always throwing around the quote from Little Things, Big

31
00:01:44,280 --> 00:01:44,920
Speaker 4: Things Grow.

32
00:01:45,120 --> 00:01:47,040
Speaker 2: No, I'm not what are you talking about. I would never.

33
00:01:47,880 --> 00:01:50,080
Speaker 5: Definitely don't have it printed on books inside.

34
00:01:50,160 --> 00:01:53,200
Speaker 6: I would not plagiarize Paul Kelly's work ever.

35
00:01:54,640 --> 00:01:56,920
Speaker 4: But it's been a little while since we've spoken about

36
00:01:56,960 --> 00:02:00,400
Speaker 4: how this concept can apply to our finances, not just

37
00:02:00,440 --> 00:02:02,720
Speaker 4: as like a fun little motivational quote.

38
00:02:02,760 --> 00:02:05,280
Speaker 6: I love a little quote, but like it means a

39
00:02:05,360 --> 00:02:08,040
Speaker 6: lot to me because it is true right like, and

40
00:02:08,080 --> 00:02:10,399
Speaker 6: it's one of those things that I used to tell

41
00:02:10,440 --> 00:02:12,280
Speaker 6: myself when I was getting out of debt or when

42
00:02:12,320 --> 00:02:14,680
Speaker 6: I was doing things that were really hard. It was like,

43
00:02:15,000 --> 00:02:17,799
Speaker 6: from little Things, Big Things Grow, It's okay. Later, I'm

44
00:02:17,800 --> 00:02:22,920
Speaker 6: probably going to teach you about ants because like, hey, ants, Yeah, okay.

45
00:02:22,639 --> 00:02:24,120
Speaker 2: I'm gonna teach you about ants.

46
00:02:24,200 --> 00:02:28,280
Speaker 6: But like one ant you think is really like insignificant

47
00:02:28,360 --> 00:02:30,640
Speaker 6: and like if you put it on a scale, it would.

48
00:02:30,400 --> 00:02:31,200
Speaker 2: Not mean that much.

49
00:02:31,280 --> 00:02:35,320
Speaker 6: But like the strengthen ant has is so mighty and powerful,

50
00:02:35,320 --> 00:02:37,120
Speaker 6: Like they can live like more than twenty times their

51
00:02:37,160 --> 00:02:39,680
Speaker 6: own body weight. Jess, Like, one, that's wild.

52
00:02:39,680 --> 00:02:42,000
Speaker 2: Two that's terrifying. Imagine if there were trying ants on

53
00:02:42,000 --> 00:02:43,280
Speaker 2: this planet, Like I'm done.

54
00:02:43,240 --> 00:02:43,840
Speaker 1: I'm out.

55
00:02:43,880 --> 00:02:47,400
Speaker 2: Like you were scared of spiders, No, I'm terrified of ants.

56
00:02:47,480 --> 00:02:49,400
Speaker 5: Yeah, they run around and they're like yeah.

57
00:02:49,480 --> 00:02:51,960
Speaker 6: But like they all come together and there are more

58
00:02:52,040 --> 00:02:55,000
Speaker 6: ants that like, if we looked at the world, there

59
00:02:55,080 --> 00:02:58,120
Speaker 6: is a higher volume by weight of ants than there

60
00:02:58,160 --> 00:02:58,640
Speaker 6: are people.

61
00:02:58,720 --> 00:03:01,440
Speaker 5: Jess could have lived my day without knowing that.

62
00:03:01,440 --> 00:03:05,040
Speaker 2: But movie, but they're little, but like they're mighty, and

63
00:03:05,120 --> 00:03:05,680
Speaker 2: so will we.

64
00:03:05,960 --> 00:03:07,760
Speaker 6: And so I think it's a really cool quote that

65
00:03:07,800 --> 00:03:10,000
Speaker 6: a lot of people in our community really resonate with,

66
00:03:10,320 --> 00:03:11,920
Speaker 6: which is why I bring it up so often. But

67
00:03:11,960 --> 00:03:14,600
Speaker 6: also something that keeps me motivated because sometimes you don't

68
00:03:14,600 --> 00:03:16,280
Speaker 6: feel like doing the little things, but you're like, no.

69
00:03:16,320 --> 00:03:18,280
Speaker 2: The little things they actually make up the big things

70
00:03:18,440 --> 00:03:19,320
Speaker 2: one hundred percent.

71
00:03:19,400 --> 00:03:21,440
Speaker 4: And I feel like that really leans into what we're

72
00:03:21,480 --> 00:03:23,280
Speaker 4: going to chat about today, which is the power of

73
00:03:23,320 --> 00:03:27,160
Speaker 4: setting small goals. Specifically, a lot of people out there

74
00:03:27,200 --> 00:03:30,720
Speaker 4: don't often set themselves financial goals, And I think that's

75
00:03:30,760 --> 00:03:35,080
Speaker 4: because sometimes the big goals can seem unattainable, But setting

76
00:03:35,080 --> 00:03:38,320
Speaker 4: a goal for twenty dollars or fifty dollars might feel

77
00:03:38,320 --> 00:03:39,720
Speaker 4: like a bit of a waste of time.

78
00:03:40,280 --> 00:03:41,280
Speaker 5: Do you think that's the case.

79
00:03:41,400 --> 00:03:43,560
Speaker 2: Honestly, historically, I thought that was a waste of time.

80
00:03:43,640 --> 00:03:45,680
Speaker 6: Like take her back to when I was like twenty three,

81
00:03:45,760 --> 00:03:48,320
Speaker 6: twenty four getting out of debt. Like, and if you

82
00:03:48,480 --> 00:03:51,520
Speaker 6: told me they like you need to set small financial goals,

83
00:03:51,520 --> 00:03:55,360
Speaker 6: I'd be like, I'm in debt, Jessica, I have tens

84
00:03:55,440 --> 00:03:57,840
Speaker 6: of thousands of dollars of debt, and you want me

85
00:03:58,360 --> 00:04:00,600
Speaker 6: to set a fifty dollar financial goal? That is a

86
00:04:00,640 --> 00:04:03,960
Speaker 6: waste of time. But that is absolutely not the case.

87
00:04:04,320 --> 00:04:07,640
Speaker 6: I'm stat's girl in this House also quotes girl, So

88
00:04:07,680 --> 00:04:09,760
Speaker 6: I have another one for you. I love You've heard

89
00:04:09,760 --> 00:04:11,800
Speaker 6: this on the show before, but if you can't manage

90
00:04:11,880 --> 00:04:15,280
Speaker 6: ten dollars, you definitely can't manage ten thousand dollars.

91
00:04:16,200 --> 00:04:17,400
Speaker 2: And that's so so true.

92
00:04:17,440 --> 00:04:19,720
Speaker 6: Like I created She's on the money because I obviously

93
00:04:19,760 --> 00:04:22,240
Speaker 6: adore helping people when it comes to all things finance,

94
00:04:22,680 --> 00:04:24,240
Speaker 6: and if you just paid off your debt and bought

95
00:04:24,279 --> 00:04:27,200
Speaker 6: a house and started the business or got the promotion, Like,

96
00:04:27,480 --> 00:04:30,039
Speaker 6: I'm here to celebrate you, but I'm also here to

97
00:04:30,120 --> 00:04:33,560
Speaker 6: celebrate the small things and the small steps because they're

98
00:04:33,560 --> 00:04:37,680
Speaker 6: the building blocks. Like setting your first fifty dollar financial goal,

99
00:04:37,960 --> 00:04:42,040
Speaker 6: it's all about confidence. It's instilling in you the idea

100
00:04:42,080 --> 00:04:44,839
Speaker 6: that you definitely can do this and you can start

101
00:04:44,880 --> 00:04:48,240
Speaker 6: scaling it. Like how many of us want to, you know,

102
00:04:48,279 --> 00:04:50,440
Speaker 6: pay off all our debt, but it seems all consuming

103
00:04:50,440 --> 00:04:53,640
Speaker 6: and overwhelming. And every other financial goal jest you've set,

104
00:04:54,279 --> 00:04:57,160
Speaker 6: you've failed at because you haven't done the planning, or

105
00:04:57,200 --> 00:04:58,960
Speaker 6: you haven't had the right tools or resources, or you

106
00:04:59,000 --> 00:04:59,720
Speaker 6: haven't had the commitment.

107
00:04:59,800 --> 00:05:00,960
Speaker 2: Let's be honest, I'm really good.

108
00:05:00,880 --> 00:05:03,120
Speaker 6: At going I want to do this this week, and

109
00:05:03,480 --> 00:05:06,760
Speaker 6: to your dismay, Jessica, next week, I don't want to

110
00:05:06,760 --> 00:05:07,360
Speaker 6: do that anymore.

111
00:05:07,400 --> 00:05:08,640
Speaker 2: We do something else.

112
00:05:09,360 --> 00:05:12,320
Speaker 6: So I think it's really important to kind of like

113
00:05:12,400 --> 00:05:14,680
Speaker 6: celebrate the small things as well as the large things,

114
00:05:14,720 --> 00:05:16,719
Speaker 6: because the small things become the large things.

115
00:05:17,120 --> 00:05:17,599
Speaker 2: What would you.

116
00:05:17,600 --> 00:05:22,240
Speaker 4: Say to someone who felt as though sharing the idea

117
00:05:22,240 --> 00:05:24,240
Speaker 4: of a small money goal with maybe their friends or

118
00:05:24,240 --> 00:05:26,839
Speaker 4: their family you know, if they do decide to set

119
00:05:26,839 --> 00:05:29,440
Speaker 4: that smaller twenty or fifty dollar goal, but they go, oh,

120
00:05:29,680 --> 00:05:32,760
Speaker 4: it seems a bit lame, a bit embarrassing.

121
00:05:32,080 --> 00:05:32,920
Speaker 2: It's a bit silly.

122
00:05:33,279 --> 00:05:35,440
Speaker 5: Yeah, how do we kind of overcome that the.

123
00:05:35,400 --> 00:05:36,839
Speaker 2: Small wins are the big wins?

124
00:05:36,960 --> 00:05:37,200
Speaker 1: Yess?

125
00:05:37,240 --> 00:05:38,839
Speaker 2: And they often go unnoticed?

126
00:05:39,000 --> 00:05:42,800
Speaker 6: And I think that's because we usually see people, especially

127
00:05:42,800 --> 00:05:48,320
Speaker 6: in twenty twenty four, Jess like social media is insane. Yeah,

128
00:05:48,440 --> 00:05:51,160
Speaker 6: let's be honest, like, let's make this a bit more relatable.

129
00:05:51,279 --> 00:05:53,520
Speaker 6: I'm probably not going to post on my Instagram stories

130
00:05:53,520 --> 00:05:56,280
Speaker 6: about achieving a fifty dollar financial goal, because how many

131
00:05:56,360 --> 00:05:59,480
Speaker 6: times do you see people celebrating their really big financial

132
00:05:59,520 --> 00:06:03,119
Speaker 6: goals social media where they're like, I bought my first house,

133
00:06:03,240 --> 00:06:05,080
Speaker 6: I bought my first car, I got out of mass

134
00:06:05,120 --> 00:06:06,520
Speaker 6: amounts of debt, And you're like, oh, like.

135
00:06:06,640 --> 00:06:07,400
Speaker 2: Is it that good?

136
00:06:07,520 --> 00:06:12,279
Speaker 6: Yes, it is because the small things they're the transformational ones.

137
00:06:12,520 --> 00:06:14,679
Speaker 6: They're the ones that are going to change our lives

138
00:06:14,720 --> 00:06:17,039
Speaker 6: for the better. And it turns out that when we

139
00:06:17,160 --> 00:06:19,560
Speaker 6: set the small ones, we are more likely to achieve

140
00:06:19,600 --> 00:06:22,760
Speaker 6: the big ones. And when we see our goals as

141
00:06:22,800 --> 00:06:27,760
Speaker 6: too big from a psychological perspective, it actually overstimulates our brain,

142
00:06:27,920 --> 00:06:32,039
Speaker 6: like we get analysis paralysis. We feel overwhelmed and uninspired,

143
00:06:32,360 --> 00:06:35,720
Speaker 6: and then we can't deal with our goals rationally. We go, oh,

144
00:06:35,800 --> 00:06:38,200
Speaker 6: it's not enough, or it's too much, or it's too hard,

145
00:06:38,240 --> 00:06:40,000
Speaker 6: and that's when we like to bury our heads in

146
00:06:40,040 --> 00:06:43,840
Speaker 6: the sand. But when we actually focus on really specific,

147
00:06:44,200 --> 00:06:48,440
Speaker 6: smaller things, they are smaller problems to solve. We're able

148
00:06:48,440 --> 00:06:50,720
Speaker 6: to achieve them, but we're also able to build our

149
00:06:50,760 --> 00:06:53,640
Speaker 6: confidence and we're able to learn from them and go, oh,

150
00:06:53,760 --> 00:06:56,159
Speaker 6: I you know, I thought I could do that fifty dollars,

151
00:06:56,160 --> 00:06:57,960
Speaker 6: but far out I actually need to tighten up my

152
00:06:57,960 --> 00:06:58,880
Speaker 6: budget a little bit.

153
00:06:59,120 --> 00:07:02,560
Speaker 2: You're not waiting an entire twelve month period, Jess, to

154
00:07:02,640 --> 00:07:04,279
Speaker 2: find out that your budget was wrong.

155
00:07:04,640 --> 00:07:08,279
Speaker 6: Like, we're doing small things, small steps in the right direction,

156
00:07:08,440 --> 00:07:10,440
Speaker 6: and we're able to build them up and then that

157
00:07:10,600 --> 00:07:14,120
Speaker 6: becomes the big thing. We're breaking things down so that

158
00:07:14,160 --> 00:07:17,400
Speaker 6: we feel good about ourselves. And there's a researcher called

159
00:07:17,440 --> 00:07:20,040
Speaker 6: Carl Weck and he put it, well, maybe this is

160
00:07:20,080 --> 00:07:23,120
Speaker 6: a new quote to add to the quote our portfolio

161
00:07:23,240 --> 00:07:28,080
Speaker 6: this year. He said, small wins are controllable opportunities that

162
00:07:28,240 --> 00:07:31,760
Speaker 6: produce visible results. I love that I love that too.

163
00:07:31,840 --> 00:07:34,200
Speaker 6: It's not as easy as like, from little things, big

164
00:07:34,200 --> 00:07:37,320
Speaker 6: things grow, but like, I just really like the intention

165
00:07:37,480 --> 00:07:38,000
Speaker 6: behind it.

166
00:07:38,080 --> 00:07:38,720
Speaker 5: Anecdotally.

167
00:07:38,760 --> 00:07:40,600
Speaker 4: That's why I love our Money Wins threat that we

168
00:07:40,640 --> 00:07:42,600
Speaker 4: put in the Facebook group and that we run through

169
00:07:42,720 --> 00:07:46,440
Speaker 4: on a Friday episode, because yes, we do have people going, oh,

170
00:07:46,480 --> 00:07:47,960
Speaker 4: I paid off my credit card, I did this, or

171
00:07:47,960 --> 00:07:50,440
Speaker 4: I did that. But sometimes mue Go's got some free

172
00:07:50,520 --> 00:07:51,840
Speaker 4: chips at macas this week.

173
00:07:51,680 --> 00:07:54,320
Speaker 6: And you're like slay queen, although saying like I did

174
00:07:54,320 --> 00:07:56,000
Speaker 6: my budget in cash flow and I've been doing it

175
00:07:56,040 --> 00:07:58,560
Speaker 6: for a year, and Jess, for the first time, I've

176
00:07:58,560 --> 00:08:02,480
Speaker 6: got twenty bucks left over queen behavior, Is there.

177
00:08:02,400 --> 00:08:04,920
Speaker 5: Such a thing as too small of a money goal?

178
00:08:05,320 --> 00:08:07,240
Speaker 6: I like that you're asking, but you and I both

179
00:08:07,280 --> 00:08:09,760
Speaker 6: know that suggests yes or no.

180
00:08:10,000 --> 00:08:10,920
Speaker 2: I'm going to say no.

181
00:08:10,920 --> 00:08:11,000
Speaker 1: No.

182
00:08:11,120 --> 00:08:14,400
Speaker 6: Of course, it's all about consistency and proving to yourself

183
00:08:14,400 --> 00:08:17,200
Speaker 6: that you can do it. I think so many of

184
00:08:17,280 --> 00:08:20,760
Speaker 6: us are in this circumstance where we're so empowered to

185
00:08:21,080 --> 00:08:24,280
Speaker 6: change our financial goals and our financial lives, and we're

186
00:08:24,320 --> 00:08:27,600
Speaker 6: so excited about that, but we also need to recognize

187
00:08:27,600 --> 00:08:29,720
Speaker 6: that our money stories are such big parts of this

188
00:08:29,880 --> 00:08:31,680
Speaker 6: and they could be working against you.

189
00:08:32,280 --> 00:08:33,240
Speaker 2: So if you didn't.

190
00:08:33,040 --> 00:08:35,839
Speaker 6: Grow up with the tools and the resources, and then

191
00:08:35,880 --> 00:08:37,840
Speaker 6: all of a sudden you've joined the She's on the

192
00:08:37,840 --> 00:08:41,120
Speaker 6: Money community, or you've joined any other finance community, and

193
00:08:41,160 --> 00:08:44,920
Speaker 6: you're really excited about getting it done, and then you're

194
00:08:44,960 --> 00:08:48,439
Speaker 6: really overwhelmed because you're like, oh, saving for a house.

195
00:08:48,480 --> 00:08:51,800
Speaker 6: I've gone from having absolutely no you know, restriction on

196
00:08:51,840 --> 00:08:55,200
Speaker 6: how I spend or like structure or any type of

197
00:08:55,320 --> 00:08:58,120
Speaker 6: plan when it comes to finances, and now I'm saving

198
00:08:58,120 --> 00:09:02,079
Speaker 6: for my first house. It's a massive change. Like and

199
00:09:02,240 --> 00:09:04,960
Speaker 6: as much as that's a noble one, if you're doing that,

200
00:09:05,000 --> 00:09:07,760
Speaker 6: then I'm so proud of you. But let's be honest.

201
00:09:07,800 --> 00:09:09,800
Speaker 6: You don't just wake up one day and go, do

202
00:09:09,800 --> 00:09:12,920
Speaker 6: you know what, Jess, I've been thinking. I don't even

203
00:09:13,040 --> 00:09:18,800
Speaker 6: like the gym. I don't like exercising. Sometimes I justify

204
00:09:18,880 --> 00:09:22,240
Speaker 6: the walk to the coffee shop as my exercise. Six

205
00:09:22,320 --> 00:09:23,800
Speaker 6: months from now, I'm going to run a marathon.

206
00:09:24,320 --> 00:09:24,760
Speaker 3: Yeah?

207
00:09:24,800 --> 00:09:27,600
Speaker 2: Would I do that? Would you like? Probably?

208
00:09:27,679 --> 00:09:30,920
Speaker 6: I have ADHD and sometimes I just get fixated. But

209
00:09:32,040 --> 00:09:33,000
Speaker 6: is that reasonable?

210
00:09:33,320 --> 00:09:35,480
Speaker 2: You would go? Fee, that's way too much to bite off.

211
00:09:35,480 --> 00:09:37,520
Speaker 6: You don't even run five k, now you couldn't even

212
00:09:37,600 --> 00:09:39,679
Speaker 6: run five k and Jess, you know what, there are

213
00:09:39,679 --> 00:09:41,960
Speaker 6: some people in this world who have done that. They've

214
00:09:41,960 --> 00:09:43,480
Speaker 6: woken up one day and gone, I'm going to run

215
00:09:43,520 --> 00:09:45,920
Speaker 6: a marathon. Yeah, it's psychotic.

216
00:09:46,920 --> 00:09:47,720
Speaker 5: I am not one of those.

217
00:09:47,880 --> 00:09:49,120
Speaker 2: I am not one of those people.

218
00:09:49,160 --> 00:09:52,439
Speaker 6: But also, you can't just wake up one day and

219
00:09:52,520 --> 00:09:55,000
Speaker 6: all of a sudden be able to do these really

220
00:09:55,040 --> 00:09:58,240
Speaker 6: big things without some practice. First, we need to run

221
00:09:58,280 --> 00:10:00,400
Speaker 6: a few five ks, we need to learn to run

222
00:10:00,440 --> 00:10:01,600
Speaker 6: the first one hundred meters.

223
00:10:01,920 --> 00:10:05,040
Speaker 2: So these small goals are what creates the big goal.

224
00:10:05,480 --> 00:10:07,560
Speaker 6: And I think it's obviously going to depend on your

225
00:10:07,679 --> 00:10:10,680
Speaker 6: financial situation and you know what you want to create

226
00:10:10,720 --> 00:10:12,360
Speaker 6: in life and what job you have and what cash

227
00:10:12,400 --> 00:10:16,880
Speaker 6: flow you've got accessible. But so many small money wins

228
00:10:16,920 --> 00:10:20,200
Speaker 6: are actually quite personal. And again there's no right or wrong,

229
00:10:20,240 --> 00:10:22,720
Speaker 6: but you need to find your own inner motivation. Yeah,

230
00:10:22,720 --> 00:10:24,920
Speaker 6: but you also need to be reasonable, Like you can't

231
00:10:24,960 --> 00:10:26,720
Speaker 6: just wake up tomorrow and be like, all of a sudden,

232
00:10:26,760 --> 00:10:27,760
Speaker 6: I can run a marathon.

233
00:10:27,960 --> 00:10:29,560
Speaker 5: Yeah, I can't be like I'm going to walk on

234
00:10:29,600 --> 00:10:30,400
Speaker 5: the moon this month.

235
00:10:30,440 --> 00:10:32,000
Speaker 2: It's just not going to happen. Like, there's got to

236
00:10:32,040 --> 00:10:33,240
Speaker 2: be a plan in place.

237
00:10:33,559 --> 00:10:34,640
Speaker 5: What about the people.

238
00:10:34,400 --> 00:10:37,160
Speaker 4: Who can't think of a small goal that they want

239
00:10:37,200 --> 00:10:39,600
Speaker 4: to reach. If maybe they're focusing their goal is to

240
00:10:39,600 --> 00:10:41,960
Speaker 4: buy the house. Yeah, that's they've woken up, They've gone Note,

241
00:10:41,960 --> 00:10:43,440
Speaker 4: that's really important to me. That's what I want to do.

242
00:10:44,000 --> 00:10:46,440
Speaker 6: But how do I want to run the marathon? Be Yeah,

243
00:10:46,480 --> 00:10:48,760
Speaker 6: stop trying to gas like me and not running a marathon?

244
00:10:48,880 --> 00:10:50,720
Speaker 4: Yeah, but how do I Buying a house is a

245
00:10:50,720 --> 00:10:52,600
Speaker 4: big goal? Like I can't buy a house for five

246
00:10:52,640 --> 00:10:54,959
Speaker 4: hundred dollars, So what's the small goal there?

247
00:10:55,040 --> 00:10:58,120
Speaker 6: So I don't think there there's no such thing as

248
00:10:58,160 --> 00:11:01,680
Speaker 6: not having small goals, because often small goals are just

249
00:11:01,760 --> 00:11:04,959
Speaker 6: really big goals that are broken down into smaller parts

250
00:11:05,120 --> 00:11:07,640
Speaker 6: so when we can celebrate them along the way. But

251
00:11:07,720 --> 00:11:10,160
Speaker 6: also we can prove to ourselves that we are capable.

252
00:11:10,200 --> 00:11:12,800
Speaker 6: We can prove to our selves that we can do this.

253
00:11:13,320 --> 00:11:14,200
Speaker 2: Sometimes we need that.

254
00:11:14,679 --> 00:11:16,959
Speaker 6: And while smaller goals you might be like V, Look,

255
00:11:17,480 --> 00:11:19,240
Speaker 6: a smaller financial goal is just not going to work

256
00:11:19,240 --> 00:11:22,280
Speaker 6: for me right now. It might actually be a better

257
00:11:22,360 --> 00:11:25,400
Speaker 6: use of your time to break this house goal into

258
00:11:25,480 --> 00:11:28,560
Speaker 6: smaller chunks. So maybe we're talking about setting up your

259
00:11:28,600 --> 00:11:31,840
Speaker 6: first emergency fund instead of making your goal to have,

260
00:11:31,920 --> 00:11:33,720
Speaker 6: like a five thousand dollars emergency fund.

261
00:11:33,760 --> 00:11:34,840
Speaker 2: If you've never had.

262
00:11:34,640 --> 00:11:39,080
Speaker 6: One before, Jess, it's going to feel overwhelming, uninspiring too much.

263
00:11:39,240 --> 00:11:41,520
Speaker 6: You might start and then be like, I'm only two

264
00:11:41,559 --> 00:11:43,400
Speaker 6: hundred dollars of the way there. I thought i'd be

265
00:11:43,440 --> 00:11:47,000
Speaker 6: better at it. What the hell? Maybe we actually set

266
00:11:47,000 --> 00:11:49,920
Speaker 6: the goal of saving your first hundred dollars, Like, let's

267
00:11:49,960 --> 00:11:52,280
Speaker 6: just save one hundred dollars. I know there's a bigger

268
00:11:52,320 --> 00:11:54,760
Speaker 6: goal at play in the future, but like, you've never

269
00:11:54,800 --> 00:11:57,320
Speaker 6: done this before, so let's start at the very start

270
00:11:57,679 --> 00:12:00,120
Speaker 6: one hundred bucks. This way, you could start using this

271
00:12:00,200 --> 00:12:02,800
Speaker 6: one hundred dollar figure as building blocks for your bigger goals.

272
00:12:02,800 --> 00:12:04,719
Speaker 6: One we can celebrate along the way and ere it

273
00:12:04,800 --> 00:12:06,760
Speaker 6: cheese on money. That's all we want to do. Like

274
00:12:07,080 --> 00:12:10,920
Speaker 6: if somebody every single week posted in my money Wins

275
00:12:10,920 --> 00:12:13,640
Speaker 6: thread and said, oh, yep, got another fifty bucks in

276
00:12:13,679 --> 00:12:15,760
Speaker 6: my emergency fund, I'd be like, slate, get it, Like

277
00:12:15,960 --> 00:12:18,120
Speaker 6: I'm so here for that, So please start sharing those.

278
00:12:18,600 --> 00:12:21,960
Speaker 6: But it proves to yourself that you can be good

279
00:12:21,960 --> 00:12:25,280
Speaker 6: at money. People aren't born good at money, just you

280
00:12:25,400 --> 00:12:27,800
Speaker 6: have to learn. It has to be ingrained, it has

281
00:12:27,840 --> 00:12:30,760
Speaker 6: to be taught so you can teach yourself that you

282
00:12:30,800 --> 00:12:33,600
Speaker 6: can be good at money. And then there's the idea

283
00:12:33,760 --> 00:12:37,520
Speaker 6: that small wins, again from more of a psychological perspective,

284
00:12:37,679 --> 00:12:40,120
Speaker 6: they're so good for your well being, They're so good

285
00:12:40,160 --> 00:12:44,199
Speaker 6: for your mental health because big wins and big losses

286
00:12:44,559 --> 00:12:47,640
Speaker 6: there's so much more dramatic. It's like being bipolar and

287
00:12:47,760 --> 00:12:51,000
Speaker 6: having these massive mood swings and going from one extreme

288
00:12:51,080 --> 00:12:53,800
Speaker 6: to another. Like you have a really big win, you're

289
00:12:53,840 --> 00:12:58,520
Speaker 6: gonna celebrate really big. But often people experiencing something like bipolar,

290
00:12:58,559 --> 00:13:01,320
Speaker 6: they can't just feel ok in the middle. So it's

291
00:13:01,400 --> 00:13:04,520
Speaker 6: finding that beautiful middle ground where we can celebrate the

292
00:13:04,559 --> 00:13:07,840
Speaker 6: small things and go these minor boosts. They come from

293
00:13:07,840 --> 00:13:10,959
Speaker 6: my day to day activities, and I'm happy along the journey,

294
00:13:11,000 --> 00:13:13,559
Speaker 6: not just with the destination. And I think, to me,

295
00:13:13,720 --> 00:13:15,120
Speaker 6: that's really really important.

296
00:13:15,360 --> 00:13:16,240
Speaker 5: Yeah, that's huge.

297
00:13:16,440 --> 00:13:18,240
Speaker 4: I feel like there's probably a lot of people listening

298
00:13:18,240 --> 00:13:20,559
Speaker 4: who are getting excited by the idea of what they

299
00:13:20,600 --> 00:13:21,080
Speaker 4: can do.

300
00:13:21,160 --> 00:13:25,120
Speaker 6: And I hope so because like New Year, new financial goals, babies.

301
00:13:24,800 --> 00:13:27,080
Speaker 4: The perfect time to be looking at this. So let's

302
00:13:27,120 --> 00:13:29,120
Speaker 4: head to a really quick break and when we come back,

303
00:13:29,200 --> 00:13:31,000
Speaker 4: I want to ask you a bit more about how

304
00:13:31,040 --> 00:13:33,840
Speaker 4: we can start looking for and celebrating those small money

305
00:13:33,880 --> 00:13:34,880
Speaker 4: goals so we can all have.

306
00:13:34,880 --> 00:13:37,120
Speaker 6: Our best to yet good quote, Jess, have your best

307
00:13:37,120 --> 00:13:39,040
Speaker 6: to you yet.

308
00:13:42,040 --> 00:13:46,000
Speaker 4: All Right, we're back VD, and I'm feeling very excited

309
00:13:46,040 --> 00:13:48,079
Speaker 4: about the idea of setting some small money goals. I'm

310
00:13:48,080 --> 00:13:50,040
Speaker 4: sure everybody else listening is as well.

311
00:13:50,240 --> 00:13:52,800
Speaker 2: Though it's just twenty twenty four, the year of celebration.

312
00:13:53,480 --> 00:13:55,200
Speaker 5: I love that it's this year, one big party. This

313
00:13:55,280 --> 00:13:57,240
Speaker 5: year is our year, Jess, I feel it.

314
00:13:57,480 --> 00:13:59,040
Speaker 2: I do genuinely feel.

315
00:13:58,760 --> 00:14:01,880
Speaker 6: Like we are making the conscious decision just to have

316
00:14:01,960 --> 00:14:03,920
Speaker 6: the best you yet, like, I feel like you're doing

317
00:14:03,960 --> 00:14:04,240
Speaker 6: this too.

318
00:14:04,280 --> 00:14:07,480
Speaker 2: You're like end of twenty twenty three absolute trash.

319
00:14:07,520 --> 00:14:09,720
Speaker 6: If you listen to our Friday Drinks episodes, you know

320
00:14:09,800 --> 00:14:14,920
Speaker 6: what Jess is going through. Iykiyk. But I guess my

321
00:14:15,240 --> 00:14:19,280
Speaker 6: whole entire point is to, I guess, celebrate more often

322
00:14:19,360 --> 00:14:22,760
Speaker 6: and give ourselves the credit that we deserve. I guess

323
00:14:23,000 --> 00:14:25,840
Speaker 6: the more you can prove to yourself that you can

324
00:14:25,920 --> 00:14:29,080
Speaker 6: in fact achieve small money goals, even life goals, Like

325
00:14:29,120 --> 00:14:30,840
Speaker 6: it doesn't just have to be small money goals.

326
00:14:31,120 --> 00:14:33,280
Speaker 2: It's going to build your confidence. Ye, You're going to

327
00:14:33,360 --> 00:14:36,480
Speaker 2: be like I can do this. I've done it before.

328
00:14:36,880 --> 00:14:38,560
Speaker 6: If I can deal with ten bucks, just so I

329
00:14:38,560 --> 00:14:40,720
Speaker 6: could do it with twenty bucks, could be twenty, I

330
00:14:40,760 --> 00:14:42,960
Speaker 6: could do it with forty, and it just compounds from there.

331
00:14:43,200 --> 00:14:45,440
Speaker 6: It's like investing, but investing in yourself.

332
00:14:45,840 --> 00:14:47,360
Speaker 5: Oh that I did.

333
00:14:47,440 --> 00:14:48,840
Speaker 2: There done, But you don't.

334
00:14:49,160 --> 00:14:51,400
Speaker 6: As I said in the first half of the episode,

335
00:14:51,440 --> 00:14:53,880
Speaker 6: you're not just gonna immediately wake up with all this

336
00:14:54,040 --> 00:14:57,480
Speaker 6: motivation and all this self discipline and I guess a

337
00:14:57,520 --> 00:14:59,960
Speaker 6: plan to create financial freedom, we actually need to bring

338
00:15:00,160 --> 00:15:03,680
Speaker 6: it down into smaller blocks. And these things sadly don't

339
00:15:03,720 --> 00:15:04,600
Speaker 6: happen overnight.

340
00:15:04,720 --> 00:15:07,320
Speaker 2: Like I could. I wish you know you and I could.

341
00:15:07,120 --> 00:15:10,040
Speaker 6: Wake up one day and be like we today, today's

342
00:15:10,080 --> 00:15:11,760
Speaker 6: the day we're going to create financial freedom.

343
00:15:12,240 --> 00:15:13,600
Speaker 2: We'll be financially free tomorrow.

344
00:15:13,720 --> 00:15:14,720
Speaker 5: Just imagine.

345
00:15:14,800 --> 00:15:16,920
Speaker 2: It's just not going to happen. And that's okay, But

346
00:15:17,040 --> 00:15:18,560
Speaker 2: as human beings, we are the worst.

347
00:15:18,560 --> 00:15:21,960
Speaker 6: It delayed gratification, So like, let's work with that and

348
00:15:22,040 --> 00:15:24,600
Speaker 6: give you some gratification along the way. To do that,

349
00:15:24,640 --> 00:15:27,280
Speaker 6: we need to make the goals smaller because it turns

350
00:15:27,320 --> 00:15:29,880
Speaker 6: out weird, but money.

351
00:15:29,680 --> 00:15:30,440
Speaker 2: Is not infinite.

352
00:15:30,840 --> 00:15:32,680
Speaker 5: That seems kind of rude, kind of rude.

353
00:15:32,720 --> 00:15:36,000
Speaker 6: Not okay, but like, we don't actually have enough of

354
00:15:36,040 --> 00:15:39,120
Speaker 6: it to achieve absolutely everything at once, and if you do,

355
00:15:39,320 --> 00:15:41,480
Speaker 6: I really want am envious.

356
00:15:41,560 --> 00:15:43,480
Speaker 2: But to why are you listening to my podcast if

357
00:15:43,520 --> 00:15:44,640
Speaker 2: you're a multi billionaire?

358
00:15:44,920 --> 00:15:45,320
Speaker 4: Yeah?

359
00:15:45,360 --> 00:15:45,680
Speaker 7: Weird?

360
00:15:45,760 --> 00:15:48,720
Speaker 2: Okay, but hi welcome. If you need some financial advice,

361
00:15:48,720 --> 00:15:50,280
Speaker 2: I might go back into business.

362
00:15:50,320 --> 00:15:52,720
Speaker 6: But I guess as long as we don't put too

363
00:15:52,800 --> 00:15:55,880
Speaker 6: much pressure on ourselves, that's the plan. So we're going

364
00:15:55,960 --> 00:15:58,360
Speaker 6: to celebrate small goals this year, but we're also going

365
00:15:58,400 --> 00:16:01,480
Speaker 6: to take the pressure off because life is tough right now,

366
00:16:01,520 --> 00:16:03,520
Speaker 6: and I think we need to acknowledge that too, because

367
00:16:03,520 --> 00:16:06,400
Speaker 6: even if you're like the setting small financial goals sounds

368
00:16:06,440 --> 00:16:09,760
Speaker 6: really sexy, I do not have fifty bucks in my

369
00:16:09,800 --> 00:16:13,240
Speaker 6: budget right now. How about we just remember that every

370
00:16:13,320 --> 00:16:15,520
Speaker 6: part of your life is a season, and right now

371
00:16:15,560 --> 00:16:17,480
Speaker 6: you're going through a season that is a little bit

372
00:16:17,520 --> 00:16:20,080
Speaker 6: more complex, a little bit more pressure, And that's okay.

373
00:16:20,080 --> 00:16:23,000
Speaker 6: But you don't always have to be saving and investing.

374
00:16:23,040 --> 00:16:26,480
Speaker 6: I think so many times you hear from financial content

375
00:16:26,520 --> 00:16:29,880
Speaker 6: creators like you cannot stop. You have to invest consistently

376
00:16:29,920 --> 00:16:32,280
Speaker 6: and regularly. Don't get me wrong. That's where the power

377
00:16:32,280 --> 00:16:34,920
Speaker 6: of compound interest comes in. But if life is getting

378
00:16:34,920 --> 00:16:37,160
Speaker 6: in the way, you take that pressure off yourself and

379
00:16:37,240 --> 00:16:40,240
Speaker 6: you do you And I'm proud that one day you'll

380
00:16:40,240 --> 00:16:41,120
Speaker 6: be back on the horse.

381
00:16:41,320 --> 00:16:41,480
Speaker 7: Yeah.

382
00:16:41,520 --> 00:16:43,040
Speaker 4: I think there are lots of people who listen to

383
00:16:43,080 --> 00:16:46,080
Speaker 4: the show who are maybe learning about things that are

384
00:16:46,400 --> 00:16:48,560
Speaker 4: quite in the place to implement yet, and I feel

385
00:16:48,560 --> 00:16:49,760
Speaker 4: like there is but.

386
00:16:49,720 --> 00:16:50,360
Speaker 2: You'll be ready.

387
00:16:50,480 --> 00:16:53,840
Speaker 4: Yeah, you don't undervalue the power of educating yourself, I guess,

388
00:16:53,920 --> 00:16:55,360
Speaker 4: is what I'm trying to say. And like, if you're

389
00:16:55,400 --> 00:16:57,720
Speaker 4: listening to this and going, oh, I want to set goals,

390
00:16:57,720 --> 00:16:59,560
Speaker 4: what would those goals look likely? Even if you're just

391
00:16:59,600 --> 00:17:02,200
Speaker 4: thinking the goals and you're not, we can be aspirational.

392
00:17:02,520 --> 00:17:03,400
Speaker 2: We can make a plan.

393
00:17:03,520 --> 00:17:06,040
Speaker 6: We can be like, oh, well, in the future, you know,

394
00:17:06,160 --> 00:17:08,480
Speaker 6: maybe one to daycare is over, or maybe once you're

395
00:17:08,520 --> 00:17:10,800
Speaker 6: out of personal debt, or maybe once you get a

396
00:17:10,880 --> 00:17:13,000
Speaker 6: job again, like you can get back on track with

397
00:17:13,080 --> 00:17:14,600
Speaker 6: these things. But that doesn't mean we have to like

398
00:17:14,680 --> 00:17:16,760
Speaker 6: hide from the fact that we want to achieve these

399
00:17:16,760 --> 00:17:19,760
Speaker 6: things in the future. Isn't it motivational to like be like, no, no, no,

400
00:17:19,800 --> 00:17:21,960
Speaker 6: I'm totally capable. I just don't have the right tool

401
00:17:22,000 --> 00:17:23,000
Speaker 6: in my hand right now.

402
00:17:23,240 --> 00:17:25,639
Speaker 4: And that is setting yourself up for success just as

403
00:17:25,720 --> 00:17:28,080
Speaker 4: much as setting those goals could be as well.

404
00:17:28,320 --> 00:17:32,600
Speaker 5: Exactly, I know that you love a tactical, tangible way

405
00:17:32,600 --> 00:17:33,200
Speaker 5: to do things.

406
00:17:33,280 --> 00:17:35,000
Speaker 2: I love setting a goal, I love a plan, I

407
00:17:35,040 --> 00:17:35,840
Speaker 2: love a spreadsheet.

408
00:17:35,920 --> 00:17:37,920
Speaker 4: Save it's like the perfect woman to be running this episode.

409
00:17:37,960 --> 00:17:40,400
Speaker 4: So tell me have you got anything for us when

410
00:17:40,400 --> 00:17:41,439
Speaker 4: it comes to goal setting?

411
00:17:41,720 --> 00:17:44,080
Speaker 6: So obviously, these small goals are going to build up

412
00:17:44,080 --> 00:17:46,760
Speaker 6: our confidence, and in my head they actually create like

413
00:17:46,800 --> 00:17:49,600
Speaker 6: a snowball effect. It's like debt reduction. We've talked about

414
00:17:49,600 --> 00:17:52,880
Speaker 6: the avalanche method. We've also hystorically talked about the snowball method,

415
00:17:52,920 --> 00:17:55,080
Speaker 6: and that's where like you have a really small snowball

416
00:17:55,119 --> 00:17:56,800
Speaker 6: and drop it at the top of the mountain and

417
00:17:56,880 --> 00:17:58,800
Speaker 6: as it starts to roll down, it starts to pick

418
00:17:58,840 --> 00:18:01,280
Speaker 6: up more and more snow and bigger and bigger. And

419
00:18:01,400 --> 00:18:03,800
Speaker 6: you know, a snowflake tiny, not gonna have an impact

420
00:18:03,840 --> 00:18:06,240
Speaker 6: on anything, but get heaps of them together and you

421
00:18:06,280 --> 00:18:09,119
Speaker 6: have a snowball and I could literally throw it at you, sligh.

422
00:18:09,240 --> 00:18:10,920
Speaker 2: That would be so fun. You've never been to the

423
00:18:10,960 --> 00:18:12,640
Speaker 2: snow so no, have you been to the.

424
00:18:12,600 --> 00:18:14,919
Speaker 5: Snow I saw it once on top of mountain ten.

425
00:18:15,080 --> 00:18:18,200
Speaker 6: Now, yeah, okay, I remember this conversation because I feel

426
00:18:18,240 --> 00:18:20,119
Speaker 6: like this year, I'm gonna take you to the snow

427
00:18:20,400 --> 00:18:23,040
Speaker 6: and I'm going to put you on some skis, push.

428
00:18:23,640 --> 00:18:26,840
Speaker 2: Mountain, achieve your goals by it's your best use.

429
00:18:26,920 --> 00:18:31,160
Speaker 6: Yeah, Jessica, you wait, you wait, But I guess on

430
00:18:31,200 --> 00:18:34,120
Speaker 6: your own small money wins.

431
00:18:33,800 --> 00:18:35,080
Speaker 2: They can just feel boring.

432
00:18:35,320 --> 00:18:36,440
Speaker 5: Yeah, they can feel black.

433
00:18:37,160 --> 00:18:38,280
Speaker 2: It's not that exciting.

434
00:18:38,480 --> 00:18:40,320
Speaker 6: So I think we need to tap into the power

435
00:18:40,359 --> 00:18:43,159
Speaker 6: of small winds so that I guess they have meaning

436
00:18:43,320 --> 00:18:46,960
Speaker 6: and they don't feel like useless tasks that you don't

437
00:18:46,960 --> 00:18:49,200
Speaker 6: know why you did them. And I guess we need

438
00:18:49,240 --> 00:18:51,359
Speaker 6: to start seeing it that way. It's a bit of

439
00:18:51,359 --> 00:18:54,240
Speaker 6: a mind frame reset as well, and we need to

440
00:18:54,280 --> 00:18:57,280
Speaker 6: talk about I guess, recognizing why they matter and giving

441
00:18:57,280 --> 00:18:59,840
Speaker 6: yourself credit for that, because how many times do you

442
00:18:59,840 --> 00:19:01,320
Speaker 6: do something you're like, yeah, I guess it was the

443
00:19:01,400 --> 00:19:02,680
Speaker 6: right thing to do, Like.

444
00:19:02,800 --> 00:19:05,000
Speaker 2: On to the next, onto the next, no worries.

445
00:19:05,000 --> 00:19:07,280
Speaker 6: But let's give ourselves credit for stuff like that and

446
00:19:07,359 --> 00:19:09,840
Speaker 6: celebrate them as they happen. I'm not saying you need

447
00:19:09,880 --> 00:19:12,399
Speaker 6: to have a party every single time you have a

448
00:19:12,440 --> 00:19:15,200
Speaker 6: money win, jess Or like to crack a bottle of

449
00:19:15,280 --> 00:19:18,520
Speaker 6: expensive champagne to celebrate that you saved fifty dollars, but

450
00:19:18,520 --> 00:19:21,119
Speaker 6: you spent eighty dollars on the shampas. Like, that's not

451
00:19:21,160 --> 00:19:22,840
Speaker 6: the type of celebrating. I think it's more of a

452
00:19:22,960 --> 00:19:24,560
Speaker 6: like be proud of yourself.

453
00:19:24,600 --> 00:19:25,160
Speaker 2: Cayge a minute.

454
00:19:25,200 --> 00:19:27,600
Speaker 6: They're like, oh, yeah, I did it, and I'm going

455
00:19:27,640 --> 00:19:30,520
Speaker 6: to do it again. Like I think that that's really important. Obviously,

456
00:19:30,560 --> 00:19:32,359
Speaker 6: share it with us. There are so many ways that

457
00:19:32,480 --> 00:19:37,360
Speaker 6: you can actually celebrate. I'm liszt scal. I love this episode.

458
00:19:37,400 --> 00:19:40,280
Speaker 6: I've reminded you that I'm stat scale, I'm quote scale,

459
00:19:40,520 --> 00:19:42,760
Speaker 6: and so list girl also spreadsheet girl.

460
00:19:42,840 --> 00:19:44,320
Speaker 2: Oh god, do you know in Vegas they have a

461
00:19:44,359 --> 00:19:45,840
Speaker 2: spreadsheet competition.

462
00:19:45,880 --> 00:19:46,440
Speaker 5: You would win?

463
00:19:46,680 --> 00:19:48,480
Speaker 2: I have no I don't know if i'd win.

464
00:19:49,080 --> 00:19:51,199
Speaker 6: But like if I was ever single, that might be

465
00:19:51,240 --> 00:19:52,880
Speaker 6: where I go to find another husband.

466
00:19:53,000 --> 00:19:55,320
Speaker 5: Yeah, the love of your life. You're a real outside

467
00:19:55,359 --> 00:19:56,000
Speaker 5: of spreadsheets.

468
00:19:56,119 --> 00:19:58,960
Speaker 2: Just think the guy who's a freaking the sheets. Anyway,

469
00:19:59,359 --> 00:19:59,840
Speaker 2: very well done.

470
00:20:00,000 --> 00:20:02,040
Speaker 6: Given I am the queen of lists, I have clearly

471
00:20:02,280 --> 00:20:04,919
Speaker 6: written you a list to help you keep the momentum up.

472
00:20:05,680 --> 00:20:09,720
Speaker 6: So first things first, do you celebrate your wins? Obviously,

473
00:20:09,760 --> 00:20:12,560
Speaker 6: because we're not going to be going hard every single

474
00:20:12,600 --> 00:20:14,520
Speaker 6: time we have a small money win, because you should

475
00:20:14,520 --> 00:20:16,879
Speaker 6: be having them regularly. We're going to keep a journal,

476
00:20:17,080 --> 00:20:19,320
Speaker 6: like we're going to keep a list of things that

477
00:20:19,359 --> 00:20:21,960
Speaker 6: we have won, a list of wins that you want

478
00:20:22,000 --> 00:20:25,159
Speaker 6: to achieve, because obviously all of these wins are going

479
00:20:25,200 --> 00:20:27,520
Speaker 6: to add up, and all of the little things that

480
00:20:27,560 --> 00:20:29,880
Speaker 6: you're doing in the list, you might think they're their mundane,

481
00:20:29,880 --> 00:20:31,359
Speaker 6: but I promise when you get to the end of

482
00:20:31,400 --> 00:20:33,240
Speaker 6: the year and you reflect on them, you're going.

483
00:20:33,160 --> 00:20:35,520
Speaker 2: To have this book of all the stuff that you

484
00:20:35,640 --> 00:20:38,240
Speaker 2: did for you. Isn't that kind of cool to like

485
00:20:38,280 --> 00:20:39,960
Speaker 2: flip through And I don't know.

486
00:20:40,080 --> 00:20:42,240
Speaker 6: I like reading my diary from when I was younger

487
00:20:42,240 --> 00:20:44,000
Speaker 6: and I look at it and I go, oh, gosh,

488
00:20:44,119 --> 00:20:47,800
Speaker 6: that was lame, but also go boo, like I love it.

489
00:20:47,840 --> 00:20:50,000
Speaker 6: So I think keeping a list is going to keep

490
00:20:50,040 --> 00:20:51,639
Speaker 6: your momentum up, but it also kind of keeps you

491
00:20:51,680 --> 00:20:54,800
Speaker 6: accountable because you're writing that list. Yeap the done list

492
00:20:54,840 --> 00:20:57,520
Speaker 6: as well, So not just these ideas that you're going

493
00:20:57,560 --> 00:21:00,600
Speaker 6: to achieve, write those down, but of these, write down

494
00:21:00,600 --> 00:21:04,680
Speaker 6: the things that you've actually learned. Make room and make

495
00:21:04,720 --> 00:21:08,840
Speaker 6: space celebrate them. Find a little accountability partner like Jess,

496
00:21:08,880 --> 00:21:11,879
Speaker 6: I know if I did something, I do usually text

497
00:21:11,920 --> 00:21:14,320
Speaker 6: you to tell you. But if you don't have that

498
00:21:14,440 --> 00:21:18,119
Speaker 6: friend or that person in your life, oh she's on

499
00:21:18,160 --> 00:21:21,280
Speaker 6: the money's there. We have our money wins and confessions.

500
00:21:21,320 --> 00:21:24,720
Speaker 6: Thread Also, don't be too harsh on yourself when you

501
00:21:24,760 --> 00:21:27,480
Speaker 6: don't achieve something, like even if it was little and

502
00:21:27,520 --> 00:21:29,600
Speaker 6: you're like, far, I can't even achieve that, that's fine.

503
00:21:29,640 --> 00:21:31,919
Speaker 2: Let's talk about it. Post it in the group. What

504
00:21:31,960 --> 00:21:32,440
Speaker 2: went wrong?

505
00:21:32,520 --> 00:21:34,960
Speaker 6: How can I help you reframe that so that one

506
00:21:35,000 --> 00:21:37,040
Speaker 6: you see it as a learning instead of something that

507
00:21:37,119 --> 00:21:39,560
Speaker 6: was really awful that happened to you. But two, how

508
00:21:39,600 --> 00:21:41,560
Speaker 6: do we do it better next time? Is there something

509
00:21:41,560 --> 00:21:44,160
Speaker 6: else we need to tweak? Like, I promise, we've got.

510
00:21:43,960 --> 00:21:45,960
Speaker 5: Your back, so does the rest of the community.

511
00:21:46,119 --> 00:21:48,480
Speaker 6: So does the rest of the community. And then I guess,

512
00:21:48,520 --> 00:21:51,000
Speaker 6: remember why you're here and why you're doing it. Like

513
00:21:51,280 --> 00:21:53,520
Speaker 6: we always say on the podcast, when in doubt, zoom out.

514
00:21:53,600 --> 00:21:56,080
Speaker 6: Sometimes you might be doubting why you're doing little things.

515
00:21:56,440 --> 00:21:56,960
Speaker 2: Zoom out.

516
00:21:57,080 --> 00:22:00,320
Speaker 6: You're creating this level of financial literacy for yourself that

517
00:22:00,359 --> 00:22:03,359
Speaker 6: you have never had. You are teaching yourself this confidence

518
00:22:03,440 --> 00:22:06,720
Speaker 6: that you have never had. You're teaching yourself these positive

519
00:22:06,760 --> 00:22:11,440
Speaker 6: habits and behaviors that you've never had, Like, isn't that cool?

520
00:22:11,840 --> 00:22:13,800
Speaker 6: Let's zoom out and see why we're doing this. It's

521
00:22:13,800 --> 00:22:16,400
Speaker 6: not just because you want another fifty bucks in your account, Jess,

522
00:22:16,680 --> 00:22:19,280
Speaker 6: like it is from little things, big things grow.

523
00:22:19,400 --> 00:22:21,440
Speaker 4: Yeah, And you're doing the groundwork so that the big

524
00:22:21,440 --> 00:22:24,520
Speaker 4: things that seem so huge now eventually don't seem so big.

525
00:22:24,560 --> 00:22:26,560
Speaker 2: And it can take time, but I promise it is

526
00:22:26,680 --> 00:22:27,120
Speaker 2: worth it.

527
00:22:27,240 --> 00:22:29,600
Speaker 4: Yeah. Absolutely, But before we go, can you tell me

528
00:22:29,680 --> 00:22:31,960
Speaker 4: is there anything we should be avoiding when we're setting

529
00:22:31,960 --> 00:22:32,919
Speaker 4: these small money goals?

530
00:22:33,000 --> 00:22:36,199
Speaker 6: Obviously, positive mindset is everything. If you're going to be

531
00:22:36,240 --> 00:22:38,120
Speaker 6: negative about it, we're not going to get very far,

532
00:22:38,280 --> 00:22:38,880
Speaker 6: very quickly.

533
00:22:39,400 --> 00:22:42,359
Speaker 2: I don't know if you know this quote scal are you?

534
00:22:42,600 --> 00:22:44,520
Speaker 5: Yeah? Quote Scout Jess.

535
00:22:44,640 --> 00:22:48,000
Speaker 2: Quote here comparison is the thief of all joy. That's

536
00:22:48,040 --> 00:22:49,920
Speaker 2: a classic. Yeah, it's a classic quote.

537
00:22:50,000 --> 00:22:50,720
Speaker 5: It's so true.

538
00:22:50,800 --> 00:22:52,080
Speaker 2: Though I've never been quoted.

539
00:22:52,119 --> 00:22:54,760
Speaker 6: I just quote other people, so one day maybe if

540
00:22:54,800 --> 00:22:57,600
Speaker 6: I stopped stealing everybody else's quotes, I could come up

541
00:22:57,600 --> 00:22:58,160
Speaker 6: with my own.

542
00:22:58,320 --> 00:23:01,880
Speaker 2: But it's true, right in every single area.

543
00:23:01,600 --> 00:23:04,080
Speaker 6: Of our lives, we need to cut out this idea

544
00:23:04,160 --> 00:23:06,760
Speaker 6: of comparison. So we need to cut out the idea

545
00:23:06,800 --> 00:23:09,919
Speaker 6: that I would compare myself to your financial goals and

546
00:23:10,040 --> 00:23:12,600
Speaker 6: vice versa. But when it comes to small things, you

547
00:23:12,600 --> 00:23:15,399
Speaker 6: shouldn't just be avoiding comparing yourself to each other and

548
00:23:15,440 --> 00:23:18,119
Speaker 6: your peers and your friends. You should actually be avoiding

549
00:23:18,520 --> 00:23:21,960
Speaker 6: comparing yourself to pass you. Yeah, because past you they

550
00:23:21,960 --> 00:23:23,679
Speaker 6: did the best they could, but they might not have

551
00:23:23,760 --> 00:23:24,720
Speaker 6: been as good at it.

552
00:23:25,040 --> 00:23:26,520
Speaker 2: Also, they might have been great at it.

553
00:23:26,560 --> 00:23:29,000
Speaker 6: Like maybe one time you saved for a house and

554
00:23:29,080 --> 00:23:32,359
Speaker 6: our life has completely changed. Yess, you've got young kids,

555
00:23:32,440 --> 00:23:35,440
Speaker 6: you're not that on top of finances. Maybe finances used

556
00:23:35,480 --> 00:23:37,760
Speaker 6: to be really easy, and you're like, I used to

557
00:23:37,760 --> 00:23:39,800
Speaker 6: be able to do this, Why can't I do it now?

558
00:23:40,240 --> 00:23:42,560
Speaker 6: Skin ourselves a little bit of grace and understand why

559
00:23:42,600 --> 00:23:45,320
Speaker 6: that might be the case. As I've said before, life

560
00:23:45,359 --> 00:23:47,880
Speaker 6: is about seasons, and sometimes we go through easier seasons,

561
00:23:48,000 --> 00:23:50,520
Speaker 6: sometimes we go through harder seasons, And I think it's

562
00:23:50,600 --> 00:23:53,680
Speaker 6: really important to just, I guess, look at that, but

563
00:23:53,720 --> 00:23:56,679
Speaker 6: also not compare a little stuff to our big stuff

564
00:23:56,720 --> 00:23:58,760
Speaker 6: and go, oh, well, that goal doesn't matter because I

565
00:23:58,800 --> 00:24:01,440
Speaker 6: want to save for a house. Future if that makes

566
00:24:01,440 --> 00:24:04,240
Speaker 6: sense totally. I watched a TED talk recently. It was

567
00:24:04,280 --> 00:24:06,480
Speaker 6: actually a snippet from a TikTok, but it was a

568
00:24:06,520 --> 00:24:10,040
Speaker 6: TED talk. I feel like I'm really good at TikTok.

569
00:24:10,680 --> 00:24:13,280
Speaker 6: And the talk was called Weighing Ants.

570
00:24:13,359 --> 00:24:14,919
Speaker 2: I told you I was going to bring here we go.

571
00:24:15,000 --> 00:24:15,720
Speaker 5: I was wondering.

572
00:24:15,880 --> 00:24:19,240
Speaker 6: So there's an educator out there called Mrnaz Bassiri, and

573
00:24:19,400 --> 00:24:22,080
Speaker 6: they said that we can't take the tiniest wins and

574
00:24:22,080 --> 00:24:24,480
Speaker 6: accomplishments of our lives and throw them on the scales

575
00:24:24,520 --> 00:24:28,600
Speaker 6: and expect to see the needle move. But Jess, I

576
00:24:28,640 --> 00:24:32,439
Speaker 6: told you earlier, ants are really powerful. So ants have

577
00:24:32,520 --> 00:24:35,600
Speaker 6: been documented here this is now becoming she's on the

578
00:24:35,640 --> 00:24:38,119
Speaker 6: ant fax instead of she's on the money. But ants

579
00:24:38,160 --> 00:24:40,320
Speaker 6: have been documented to be able to carry up to

580
00:24:40,400 --> 00:24:43,120
Speaker 6: twenty times their own body weight. And if a human

581
00:24:43,160 --> 00:24:45,560
Speaker 6: could lift twenty times their own body weight, Jess, they'd

582
00:24:45,600 --> 00:24:49,320
Speaker 6: be able to lift like just over two thousand kilograms. Wow,

583
00:24:49,520 --> 00:24:52,560
Speaker 6: I mean, she's on the ant facts. But also the

584
00:24:52,600 --> 00:24:55,800
Speaker 6: purpose of that is from little things, big things grow,

585
00:24:55,960 --> 00:24:58,680
Speaker 6: and those small money wins they become the big money wins,

586
00:24:58,720 --> 00:25:02,800
Speaker 6: and to me they are so wildly important. And then

587
00:25:02,880 --> 00:25:06,000
Speaker 6: I guess what you need to really really remember is

588
00:25:06,040 --> 00:25:09,800
Speaker 6: that small wins are honestly more important in so many

589
00:25:09,840 --> 00:25:13,399
Speaker 6: ways than the really big ones, like ticking off life milestones.

590
00:25:13,440 --> 00:25:14,360
Speaker 2: I totally get it.

591
00:25:14,680 --> 00:25:18,200
Speaker 6: But your beliefs, your values, your behaviors are being reiterated

592
00:25:18,240 --> 00:25:22,160
Speaker 6: every time you celebrate a small goal, set a small goal,

593
00:25:22,240 --> 00:25:26,040
Speaker 6: achieve a small goal. Because often just looking at your

594
00:25:26,080 --> 00:25:29,040
Speaker 6: small wins in a series, often this can only happen

595
00:25:29,080 --> 00:25:31,720
Speaker 6: in hindsight, like keeping a journal, you can just see

596
00:25:31,720 --> 00:25:33,920
Speaker 6: how much progress you've made and how much maybe your

597
00:25:33,920 --> 00:25:36,680
Speaker 6: mindset has changed. And we can do that this year.

598
00:25:36,920 --> 00:25:39,199
Speaker 6: Like I think that that is so beautiful, and I

599
00:25:39,200 --> 00:25:43,120
Speaker 6: think being able to seize that opportunity and go, no, I.

600
00:25:43,080 --> 00:25:46,440
Speaker 2: Can really do this, Like it's a small step in

601
00:25:46,480 --> 00:25:47,119
Speaker 2: the right direction.

602
00:25:47,400 --> 00:25:48,560
Speaker 5: Yeah, one hundred percent.

603
00:25:48,600 --> 00:25:51,520
Speaker 4: I feel like that is really exemplified in on our

604
00:25:51,520 --> 00:25:54,440
Speaker 4: website on the freebies page, the savings have Oh they're

605
00:25:54,480 --> 00:25:57,119
Speaker 4: my favorite, They're wonderful, and we have them for one day.

606
00:25:57,200 --> 00:25:59,960
Speaker 4: We've just redesigned them so they're all in the new branding. Guys,

607
00:26:00,000 --> 00:26:01,399
Speaker 4: so if you have the old ones, go get the

608
00:26:01,440 --> 00:26:04,960
Speaker 4: new ones. Yeah, they're in one thousand and twenty thousand

609
00:26:05,000 --> 00:26:07,320
Speaker 4: dollars increment. And the idea is that you take a

610
00:26:07,640 --> 00:26:10,159
Speaker 4: said amount of money every week, can you pop it in,

611
00:26:10,280 --> 00:26:12,040
Speaker 4: So you have fifty two deposits that you make over

612
00:26:12,040 --> 00:26:14,080
Speaker 4: the course of the year. And those deposits range everywhere

613
00:26:14,119 --> 00:26:15,920
Speaker 4: from you know, maybe one hundred dollars, some of them

614
00:26:15,920 --> 00:26:16,719
Speaker 4: are seven dollars.

615
00:26:16,880 --> 00:26:18,679
Speaker 6: And there's also like a free weeks like you have

616
00:26:18,760 --> 00:26:20,720
Speaker 6: no cash hole, it's okay with Alex, We've given.

617
00:26:20,520 --> 00:26:21,160
Speaker 5: You a free pass.

618
00:26:21,240 --> 00:26:23,320
Speaker 4: Yeah, but it's one of those things where I think

619
00:26:23,320 --> 00:26:24,920
Speaker 4: people would look at and go seven dollars.

620
00:26:25,200 --> 00:26:25,879
Speaker 2: That's the point.

621
00:26:26,000 --> 00:26:27,960
Speaker 4: That's not going to get me to a thousand. But

622
00:26:28,080 --> 00:26:31,080
Speaker 4: those little things, when you put them all together, they

623
00:26:31,200 --> 00:26:33,000
Speaker 4: add up to a lot. And like you said, sometimes

624
00:26:33,080 --> 00:26:34,760
Speaker 4: keeping track of that is such a good way to

625
00:26:34,760 --> 00:26:36,399
Speaker 4: be able to reflect on all the small things that

626
00:26:36,400 --> 00:26:38,320
Speaker 4: you've done to put yourself first, which I just think is.

627
00:26:38,359 --> 00:26:41,480
Speaker 6: I'm as usual Galie though. Like I love a spreadsheet,

628
00:26:41,520 --> 00:26:43,679
Speaker 6: I love a tracker. I left printing things out and

629
00:26:43,680 --> 00:26:47,040
Speaker 6: putting them on my walls. I love a vision board.

630
00:26:47,320 --> 00:26:49,280
Speaker 6: You do too, Like if I can see it, I

631
00:26:49,320 --> 00:26:51,240
Speaker 6: can believe it. If you can believe it, I can

632
00:26:51,280 --> 00:26:51,800
Speaker 6: achieve it.

633
00:26:51,960 --> 00:26:54,800
Speaker 2: Oh, I'm going to see myself. Well, I'm going to

634
00:26:54,880 --> 00:26:56,080
Speaker 2: see myself that it's.

635
00:26:55,960 --> 00:26:56,440
Speaker 5: Enough for today.

636
00:26:56,480 --> 00:26:58,080
Speaker 2: I think, you know what, we could even cut that

637
00:26:58,119 --> 00:26:58,960
Speaker 2: one out. That's fine.

638
00:26:59,000 --> 00:27:01,080
Speaker 6: I just know that our produce aren't though. They're like

639
00:27:01,240 --> 00:27:03,000
Speaker 6: she's straight under the bus. If she thought she was

640
00:27:03,000 --> 00:27:05,399
Speaker 6: having a good year this year, she is not. But

641
00:27:05,600 --> 00:27:07,280
Speaker 6: I feel like this has been a fun EPP. Thank

642
00:27:07,320 --> 00:27:10,320
Speaker 6: you for joining me. I love a little Wednesday EP.

643
00:27:10,119 --> 00:27:12,040
Speaker 2: But also I feel like it's been a good one.

644
00:27:12,119 --> 00:27:15,119
Speaker 6: Get ourselves back on track and start smashing goals that

645
00:27:15,240 --> 00:27:16,400
Speaker 6: could be back on Friday.

646
00:27:16,400 --> 00:27:17,879
Speaker 2: Don't you worry, and we'll see you then.

647
00:27:18,000 --> 00:27:27,320
Speaker 7: Guys, have the best week bie. The advice shared on

648
00:27:27,440 --> 00:27:29,880
Speaker 7: She's on the Money is general in nature and does

649
00:27:29,920 --> 00:27:32,119
Speaker 7: not consider your individual circumstances.

650
00:27:32,480 --> 00:27:34,600
Speaker 2: She's on the Money exists purely for.

651
00:27:34,680 --> 00:27:37,520
Speaker 7: Educational purposes and should not be relied upon to make

652
00:27:37,560 --> 00:27:39,440
Speaker 7: an investment or financial decision.

653
00:27:39,840 --> 00:27:42,440
Speaker 2: If you do choose to buy a financial product.

654
00:27:42,119 --> 00:27:46,040
Speaker 7: Read the PDS TMD and obtain appropriate financial advice tailored

655
00:27:46,119 --> 00:27:49,600
Speaker 7: towards your needs. Victoria Divine and She's on the Money

656
00:27:49,640 --> 00:27:54,560
Speaker 7: are authorized representatives of Money SHERPA pty Ltd ABN three

657
00:27:54,600 --> 00:27:57,880
Speaker 7: two one is six four nine two seven seven zero eight,

658
00:27:58,160 --> 00:28:08,160
Speaker 7: AFSL four five one eight nine