Speaker 1: Hello, my name's Santasha Nabananga Bamblet. I'm a proud yr
Speaker 1: the Order Kerney Whoalbury and a waddery woman. And before
Speaker 1: we get started on She's on the Money podcast, I
Speaker 1: would like to acknowledge the traditional custodians of the land
Speaker 1: of which this podcast is recorded on a wondery country,
Speaker 1: acknowledging the elders, the ancestors and the next generation coming
Speaker 1: through as this podcast is about connecting, empowering, knowledge sharing
Speaker 1: and the storytelling of you to make a difference for
Speaker 1: today and lasting impact for tomorrow.
Speaker 2: Let's get into it.
Speaker 3: She's on the Money, She's on the Money.
Speaker 4: Hello, and welcome to She's on the Money, the pod
Speaker 4: cast millennials who want financial freedom. It will covers no
Speaker 4: surprise to those of you who listen often to the
Speaker 4: show that I'm bexay ed just kidding. If you're noted,
Speaker 4: is sick? Just greed? Sheese You've got me instead today,
Speaker 4: But hopefully I do her justice. And I'm really excited
Speaker 4: because today we're talking all things small money goals with
Speaker 4: financial Wizard Victoria to Fine.
Speaker 2: Oh, hello, you're here too. I'm excited about this. It's
Speaker 2: been a while since you've been on a deep dive.
Speaker 4: I know this is fun and I love a good
Speaker 4: goal setting moment.
Speaker 2: We were talking when I told you about the topic.
Speaker 2: I was like, look, be's not well. Do you think
Speaker 2: you can do this episode? You're like, oh, this was
Speaker 2: made for me.
Speaker 4: We love a good goal in this team. And V
Speaker 4: You're always throwing around the quote from Little Things, Big
Speaker 4: Things Grow.
Speaker 2: No, I'm not what are you talking about. I would never.
Speaker 4: Definitely don't have it printed on books inside.
Speaker 2: I would not plagiarize Paul Kelly's work ever.
Speaker 4: But it's been a little while since we've spoken about
Speaker 4: how this concept can apply to our finances, not just
Speaker 4: as like a fun little motivational quote.
Speaker 2: I love a little quote, but like it means a
Speaker 2: lot to me because it is true right like, and
Speaker 2: it's one of those things that I used to tell
Speaker 2: myself when I was getting out of debt or when
Speaker 2: I was doing things that were really hard. It was like,
Speaker 2: from little Things, Big Things Grow, It's okay. Later, I'm
Speaker 2: probably going to teach you about ants because like ants, Yeah, okay,
Speaker 2: I'm gonna teach you about ants, But like one ant
Speaker 2: you think is really like insignificant and like if you
Speaker 2: put it on a scale, it would not mean that much.
Speaker 2: But like the strengthen ant has is so mighty and powerful,
Speaker 2: Like they can live like more than twenty times their
Speaker 2: own body weight. Jess, Like, one, that's wild. Two that's terrifying.
Speaker 2: Imagine if there were trying ants on this planet, Like
Speaker 2: I'm done, I'm out. Like you were scared of spiders, No,
Speaker 2: I'm terrified of ants.
Speaker 4: Yeah, they run around and they're like yeah.
Speaker 2: But like they all come together and there are more
Speaker 2: ants that Like, if we looked at the world, there
Speaker 2: is a higher volume by weight of ants than there
Speaker 2: are people.
Speaker 4: Jess could have lived my day without knowing that.
Speaker 2: But movie, but they're little, but like they're mighty, and
Speaker 2: so will we. And so I think it's a really
Speaker 2: cool quote that a lot of people in our community
Speaker 2: really resonate with, which is why I bring it up
Speaker 2: so often. But also something that keeps me motivated because
Speaker 2: sometimes you don't feel like doing the little things, but
Speaker 2: you're like, no, the little things they actually make up
Speaker 2: the big things one hundred percent.
Speaker 4: And I feel like that really leans into what we're
Speaker 4: going to chat about today, which is the power of
Speaker 4: setting small goals, specifically a lot of people out there
Speaker 4: don't often set themselves financial goals, and I think that's
Speaker 4: because sometimes the big goals can seem unattainable. But setting
Speaker 4: a goal for twenty dollars or fifty dollars might feel
Speaker 4: like a bit of a waste of time. Do you
Speaker 4: think that's the case.
Speaker 2: Honestly, historically, I thought that was a waste of time.
Speaker 2: Like take her back to when I was like twenty three,
Speaker 2: twenty four getting out of debt. Like, and if you
Speaker 2: told me they like you need to set small financial goals,
Speaker 2: I'd be like, I'm in debt, Jessica, I have tens
Speaker 2: of thousands of dollars of debt, and you want me
Speaker 2: to set a fifty dollar financial goal? That is a
Speaker 2: waste of time. But that is absolutely not the case.
Speaker 2: I'm stat's girl in this House also quotes girl, So
Speaker 2: I have another one for you. I love You've heard
Speaker 2: this on the show before, But if you can't manage
Speaker 2: ten dollars, you definitely can't manage ten thousand dollars. And
Speaker 2: that's so so true. Like I created She's on the
Speaker 2: money because I obviously adore helping people when it comes
Speaker 2: to all things finance and if you just paid off
Speaker 2: your debt and bought a house and started the business
Speaker 2: or got the promotion. Like, I'm here to celebrate you,
Speaker 2: but I'm also here to celebrate the small things and
Speaker 2: the small steps because they're the building blocks. Like setting
Speaker 2: your first fifty dollar financial goal, it's all about confidence.
Speaker 2: It's instilling in you the idea that you definitely can
Speaker 2: do this and you can start scaling it, Like how
Speaker 2: many of us want to, you know, pay off all
Speaker 2: our debt, but it seems all consuming and overwhelming. And
Speaker 2: every other financial goal jest you've set, you've failed at
Speaker 2: because you haven't done the planning, or you haven't had
Speaker 2: the right tools or resources, or you haven't had the commitment.
Speaker 2: Let's be honest, I'm really good at going I want
Speaker 2: to do this this week, and to your dismay, Jessica,
Speaker 2: next week, I don't want to do that anymore. We
Speaker 2: do something else. So I think it's really important to
Speaker 2: kind of like celebrate the small things as well as
Speaker 2: the large things, because the small things become the large things.
Speaker 4: What would you say to someone who felt as though
Speaker 4: sharing the idea of a small money goal with maybe
Speaker 4: their friends or their family, You know, if they do
Speaker 4: decide to set that smaller twenty or fifty dollar goal,
Speaker 4: but they go, oh, it seems a bit lame, a
Speaker 4: bit embarrassing.
Speaker 2: It's a bit silly.
Speaker 4: Yeah, how do we kind of overcome that the.
Speaker 2: Small wins are the big wins?
Speaker 1: Yess?
Speaker 2: And they often go unnoticed? And I think that's because
Speaker 2: we usually see people, especially in twenty twenty four, Jess,
Speaker 2: like social media is insane. Yeah, let's be honest, like,
Speaker 2: let's make this a bit more relatable. I'm probably not
Speaker 2: going to post on my Instagram stories about achieving a
Speaker 2: fifty dollar financial goal, because how many times do you
Speaker 2: see people celebrating their really big financial goals social media
Speaker 2: where they're like, I bought my first house, I bought
Speaker 2: my first car, I got out of mass amounts of debt,
Speaker 2: And you're like, oh, like, is it that good? Yes,
Speaker 2: it is because the small things they're the transformational ones.
Speaker 2: They're the ones that are going to change our lives
Speaker 2: for the better. And it turns out that when we
Speaker 2: set the small ones, we are more likely to achieve
Speaker 2: the big ones. And when we see our goals as
Speaker 2: too big from a psychological perspective, it actually overstimulates our brain,
Speaker 2: like we get analysis paralysis. We feel overwhelmed and uninspired,
Speaker 2: and then we can't deal with our goals rationally. We go, oh,
Speaker 2: it's not enough, or it's too much, or it's too hard,
Speaker 2: and that's when we like to bury our heads in
Speaker 2: the sand. But when we actually focus on really specific,
Speaker 2: smaller things, they are smaller problems to solve. We're able
Speaker 2: to achieve them, but we're also able to build our
Speaker 2: confidence and we're able to learn from them and go, oh,
Speaker 2: I you know, I thought I could do that fifty dollars,
Speaker 2: but far out I actually need to tighten up my
Speaker 2: budget a little bit. You're not waiting an entire twelve
Speaker 2: month period, Jess, to find out that your budget was wrong. Like,
Speaker 2: we're doing small things, small steps in the right direction,
Speaker 2: and we're able to build them up and then that
Speaker 2: becomes the big thing. We're breaking things down so that
Speaker 2: we feel good about ourselves. And there's a researcher called
Speaker 2: Carl Weck and he put it, well, maybe this is
Speaker 2: a new quote to add to the quote our portfolio
Speaker 2: this year. He said, small wins are controllable opportunities that
Speaker 2: produce visible results.
Speaker 4: I love that.
Speaker 2: I love that too. It's not as easy as like,
Speaker 2: from little things, big things grow, but like, I just
Speaker 2: really like the intention behind it.
Speaker 4: Anecdotally. That's why I love our Money Wins threat that
Speaker 4: we put in the Facebook group and that we run
Speaker 4: through on a Friday episode, because yes, we do have
Speaker 4: people going, oh, I paid off my credit card, I
Speaker 4: did this, or I did that. But sometimes mue Go's
Speaker 4: got some free chips at macas this week, and.
Speaker 2: You're like slay queen, although saying like I did my
Speaker 2: budget in cash flow and I've been doing it for
Speaker 2: a year, and Jess, for the first time, I've got
Speaker 2: twenty bucks left over queen behavior, Is there.
Speaker 4: Such a thing as too small of a money goal?
Speaker 2: I like that you're asking, but you and I both
Speaker 2: know that suggests yes or no. I'm going to say no.
Speaker 1: No.
Speaker 2: Of course, It's all about consistency and proving to yourself
Speaker 2: that you can do it. I think so many of
Speaker 2: us are in this circumstance where we're so empowered to
Speaker 2: change our financial goals and our financial lives, and we're
Speaker 2: so excited about that, but we also need to recognize
Speaker 2: that our money stories are such big parts of this
Speaker 2: and they could be working against you, So if you
Speaker 2: didn't grow up with the tools and the resources, and
Speaker 2: then all of a sudden you've joined the She's on
Speaker 2: the Money community, or you've joined any other finance community,
Speaker 2: and you're really excited about getting it done, and then
Speaker 2: you're really overwhelmed because you're like, oh, saving for a house.
Speaker 2: I've gone from having absolutely no restriction on how I
Speaker 2: spend or like structure or any type of plan when
Speaker 2: it comes to finances, and now I'm saving for my
Speaker 2: first house. It's a massive change. Like and as much
Speaker 2: as that's a noble one, if you're doing that, then
Speaker 2: I'm so proud of you. But let's be honest. You
Speaker 2: don't just wake up one day and go, do you
Speaker 2: know what, Jess, I've been thinking. I don't even like
Speaker 2: the gym. I don't like exercising. Sometimes I justify the
Speaker 2: walk to the coffee shop as my exercise. Six months
Speaker 2: from now, I'm going to run a marathon.
Speaker 3: Yeah?
Speaker 2: Would I do that? Would you like? Probably? I have
Speaker 2: ADHD and sometimes I just get fix. But is that reasonable?
Speaker 2: You would go? Fee? That's way too much to bite off.
Speaker 2: You don't even run five k now, you couldn't even
Speaker 2: run five k and Jess. You know what, there are
Speaker 2: some people in this world who have done that. They've
Speaker 2: woken up one day and gone, I'm going to run
Speaker 2: a marathon. Yeah, it's psychotic. I am not one of
Speaker 2: those I am not one of those people. But also,
Speaker 2: you can't just wake up one day and all of
Speaker 2: a sudden be able to do these really big things
Speaker 2: without some practice. First, we need to run a few
Speaker 2: five ks, we need to learn to run the first
Speaker 2: one hundred meters. So these small goals are what creates
Speaker 2: the big goal. And I think it's obviously going to
Speaker 2: depend on your financial situation and you know what you
Speaker 2: want to create in life and what job you have
Speaker 2: and what cash flow you've got accessible. But so many
Speaker 2: small money wins are actually quite personal. And again there's
Speaker 2: no right or wrong, but you need to find your
Speaker 2: own inner motivation. Yeah, but you also need to be reasonable,
Speaker 2: Like you can't just wake up tomorrow and be like,
Speaker 2: all of a sudden, I can run a marathon.
Speaker 4: Yeah. I can't be like I'm going to walk on
Speaker 4: the moon this month.
Speaker 2: It's just not going to happen. Like, there's got to
Speaker 2: be a plan in place.
Speaker 4: What about the people who can't think of a small
Speaker 4: goal that they want to reach. If maybe they're focusing
Speaker 4: their goal is to buy the house. Yeah, that's they've
Speaker 4: woken up, They've gone note, that's really important to me.
Speaker 4: That's what I want to do.
Speaker 2: But how do I want to run the marathon?
Speaker 1: Be?
Speaker 2: Yeah, stop trying to gas like me and not running
Speaker 2: a marathon?
Speaker 4: Yeah, but how do I Buying the house is a
Speaker 4: big goal? Like I can't buy a house for five
Speaker 4: hundred dollars, So what's the small goal there?
Speaker 2: So I don't think there there's no such thing as
Speaker 2: not having small goals, because often small goals are just
Speaker 2: really big goals that are broken down into smaller parts.
Speaker 2: So when we can celebrate them along the way, but
Speaker 2: also we can prove to ourselves that we are capable.
Speaker 2: We can prove to our selves that we can do this.
Speaker 2: Sometimes we need that. And while smaller goals, you might
Speaker 2: be like V, Look, a smaller financial goal is just
Speaker 2: not going to work for me right now. It might
Speaker 2: actually be a better use of your time to break
Speaker 2: this house goal into smaller chunks. So maybe we're talking
Speaker 2: about setting up your first emergency fund instead of making
Speaker 2: your goal to have like a five thousand dollars emergency fund.
Speaker 2: If you've never had one before, Jess, it's going to
Speaker 2: feel overwhelming, uninspiring too much. You might start and then
Speaker 2: be like, I'm only two hundred dollars of the way there.
Speaker 2: I thought i'd be better at it. What the hell?
Speaker 2: Maybe we actually set the goal of saving your first
Speaker 2: hundred dollars, Like, let's just save one hundred dollars. I
Speaker 2: know there's a bigger goal at play in the future,
Speaker 2: but like, you've never done this before, so let's start
Speaker 2: at the very start one hundred bucks. This way, you
Speaker 2: could start using this one hundred dollar figure as building
Speaker 2: blocks for your bigger goals. One we can celebrate along
Speaker 2: the way and ere it cheese on money. That's all
Speaker 2: we want to do. Like if somebody every single week
Speaker 2: posted in my money Wins thread and said, oh, yep,
Speaker 2: got another fifty bucks in my emergency fund, I'd.
Speaker 4: Be like slate, get it, Like I'm.
Speaker 2: So here for that, So please start sharing those. But
Speaker 2: it proves to yourself that you can be good at money.
Speaker 2: People aren't born good at money, just you have to learn.
Speaker 2: It has to be ingrained, it has to be taught,
Speaker 2: so you can teach yourself that you can be good
Speaker 2: at money. And then there's the idea that small wins,
Speaker 2: again from more of a psychological perspective, they're so good
Speaker 2: for your well being, they're so good for your mental
Speaker 2: health because big wins and big losses there's so much
Speaker 2: more dramatic. It's like being bipolar and having these massive
Speaker 2: mood swings and going from one extreme to another. Like
Speaker 2: you have a really big win, you're gonna celebrate really big.
Speaker 2: But often people experiencing something like bipolar, they can't just
Speaker 2: feel ok in the middle. So it's finding that beautiful
Speaker 2: middle ground where we can celebrate the small things and
Speaker 2: go these minor boosts. They come from my day to
Speaker 2: day activities, and I'm happy along the journey, not just
Speaker 2: with the destination. And I think, to me, that's really
Speaker 2: really important.
Speaker 4: Yeah, that's huge. I feel like there's probably a lot
Speaker 4: of people listening who are getting excited by the idea
Speaker 4: of what they can do.
Speaker 2: And I hope so because like New Year, new financial goals, babies.
Speaker 4: The perfect time to be looking at this. So let's
Speaker 4: head to a really quick break and when we come back,
Speaker 4: I want to ask you a bit more about how
Speaker 4: we can start looking for and celebrating those small money
Speaker 4: goals so we can all have.
Speaker 2: Our best to yet good quote Jess, have your best
Speaker 2: to you yet.
Speaker 4: All right, we're back VD, and I'm feeling very excited
Speaker 4: about the idea of setting some small money goals. I'm
Speaker 4: sure everybody else listening is as well.
Speaker 2: No, it's just twenty twenty four the year of celebration.
Speaker 4: I love that it's this year, one big party. This
Speaker 4: year is our year, Jess. I feel it.
Speaker 2: I do genuinely feel like we are making the conscious
Speaker 2: decision just to have the best you yet like I
Speaker 2: feel like you're doing this too. You're like end of
Speaker 2: twenty twenty three absolute trash. If you listen to our
Speaker 2: Friday Drinks episodes, you know what Jess is going through. Iykiyk.
Speaker 2: But I guess my whole entire point is to, I guess,
Speaker 2: celebrate more often and give ourselves the credit that we deserve.
Speaker 2: I guess the more you can prove to yourself that
Speaker 2: you can in fact achieve small money goals, even life goals,
Speaker 2: like it doesn't just have to be small money goals.
Speaker 2: It's going to build your confidence. Yeah, you're going to
Speaker 2: be like I can do this. I've done it before.
Speaker 2: If I can deal with ten bucks, just so I
Speaker 2: could do it with twenty bucks, could be twenty, I
Speaker 2: could do it with forty, and it just compounds from there.
Speaker 2: It's like investing, but investing in yourself. Oh that I did,
Speaker 2: there done, But you don't. As I said in the
Speaker 2: first half of the episode, you're not just gonna immediately
Speaker 2: wake up with all this motivation and all this self
Speaker 2: discipline and I guess a plan to create financial freedom.
Speaker 2: We actually need to bring it down into smaller blocks.
Speaker 2: And these things sadly don't happen overnight. Like I could.
Speaker 2: I wish you know you and I could wake up
Speaker 2: one day and be like we today, today's the day
Speaker 2: we're going to create financial freedom. We'll be financially free tomorrow.
Speaker 4: Just imagine.
Speaker 2: It's just not going to happen. And that's okay, But
Speaker 2: as human beings, we are the worst. It delayed gratification,
Speaker 2: So like, let's work with that and give you some
Speaker 2: gratification along the way. To do that, we need to
Speaker 2: make the goals smaller because it turns out weird, but
Speaker 2: money is not infinite.
Speaker 4: That seems kind of Rude's kind of rude.
Speaker 2: Not okay, but like, we don't actually have enough of
Speaker 2: it to achieve absolutely everything at once, and if you do,
Speaker 2: I really want am enbus. But to why are you
Speaker 2: listening to my podcast if you're a multi billionaire?
Speaker 4: Yeah?
Speaker 5: Weird?
Speaker 2: Okay, but hi welcome. If you need some financial advice,
Speaker 2: I might go back into business, But I guess as
Speaker 2: long as we don't put too much pressure on ourselves,
Speaker 2: that's the plan. So we're going to celebrate small goals
Speaker 2: this year, but we're also going to take the pressure
Speaker 2: off because life is tough right now, and I think
Speaker 2: we need to acknowledge that too, because even if you're
Speaker 2: like the setting small financial goals sounds really sexy, I
Speaker 2: do not have fifty bucks in my budget right now.
Speaker 2: How about we just remember that every part of your
Speaker 2: life is a season, and right now you're going through
Speaker 2: a season that is a little bit more complex, a
Speaker 2: little bit more pressure, And that's okay. But you don't
Speaker 2: always have to be saving and investing. I think so
Speaker 2: many times you hear from financial content creators like you
Speaker 2: cannot stop. You have to invest consistently and regularly. Don't
Speaker 2: get me wrong, that's where the power of compound interest
Speaker 2: comes in. But if life is getting in the way.
Speaker 2: You take that pressure off yourself and you do you
Speaker 2: and I'm proud that one day you'll be back on
Speaker 2: the horse.
Speaker 1: Yeah.
Speaker 4: I think there are lots of people who listen to
Speaker 4: the show who are maybe learning about things that are
Speaker 4: quite in the place to implement yet, and I feel
Speaker 4: like there is but.
Speaker 2: You'll be ready.
Speaker 4: Yeah, you don't undervalue the power of educating yourself, I guess,
Speaker 4: is what I'm trying to say. And like, if you're
Speaker 4: listening to this and going, oh, I want to set goals,
Speaker 4: what would those goals look likely? Even if you're just
Speaker 4: thinking the goals and you're not, we can be aspirational.
Speaker 2: We can make a plan. We can be like, oh, well,
Speaker 2: in the future, you know, maybe one to daycare is over,
Speaker 2: or maybe once you're out of personal debt, or maybe
Speaker 2: once you get a job again, like you can get
Speaker 2: back on track with these things. But that doesn't mean
Speaker 2: we have to like hide from the fact that we
Speaker 2: want to achieve these things in the future. Isn't it
Speaker 2: motivational to like be like, no, no, no, I'm totally capable.
Speaker 2: I just don't have the right tool in my hand
Speaker 2: right now.
Speaker 4: And that is setting yourself up for success just as
Speaker 4: much as setting those goals could be as well. Exactly,
Speaker 4: I know that you love a tactical, tangible way to
Speaker 4: do things.
Speaker 2: I love setting a goal, I love a plan, I
Speaker 2: love a spreadsheet.
Speaker 4: Save It's like the perfect woman to be running this episode.
Speaker 4: So tell me have you got anything for us when
Speaker 4: it comes to goal setting?
Speaker 2: So obviously, these small goals are going to build up
Speaker 2: our confidence, and in my head, they actually create like
Speaker 2: a snowball effect. It's like debt reduction. We've talked about
Speaker 2: the avalanche method. We've also hystorically talked about the snowball method,
Speaker 2: and that's where like, you have a really small snowball
Speaker 2: and drop it at the top of the mountain and
Speaker 2: as it starts to roll down, it starts to pick
Speaker 2: up more and more snow and bigger and bigger. And
Speaker 2: you know, a snowflake tiny, not gonna have an impact
Speaker 2: on anything, but get heaps of them together and you
Speaker 2: have a snowball and I could literally throw it at you, sligh.
Speaker 2: That would be so fun. You've never been to the
Speaker 2: snow so no, have you been to the.
Speaker 4: Snow I saw it once on top of Mountain ten.
Speaker 2: Now, yeah, Okay, I remember this conversation because I feel
Speaker 2: like this year, I'm gonna take you to the snow
Speaker 2: and I'm going to put you on some skis, push.
Speaker 4: Mountain, achieve your goals by it's.
Speaker 2: Your best use. Yeah, Jessica, you wait, you wait, But
Speaker 2: I guess on your own small money wins, they can
Speaker 2: just feel boring. Yeah, they can feel black. It's not
Speaker 2: that exciting. So I think we need to tap into
Speaker 2: the power of small winds so that I guess they
Speaker 2: have meaning and they don't feel like useless tasks that
Speaker 2: you don't know why you did them. And I guess
Speaker 2: we need to start seeing it that way. It's a
Speaker 2: bit of a mind frame reset as well, and we
Speaker 2: need to talk about I guess, recognizing why they matter
Speaker 2: and giving yourself credit for that, because how many times
Speaker 2: do you do something you're like, yeah, I guess it
Speaker 2: was the right thing to do, Like on to the next,
Speaker 2: onto the next, no worries. But let's give ourselves credit
Speaker 2: for stuff like that and celebrate them as they happen.
Speaker 2: I'm not saying you need to have a party every
Speaker 2: single time you have a money win, jess or like
Speaker 2: to crack a bottle of expensive champagne to celebrate that
Speaker 2: you saved fifty dollars, but you spent eighty dollars on
Speaker 2: the shampas. Like, that's not the type of celebrating. I
Speaker 2: think it's more of a like be proud of yourself.
Speaker 2: Cayge a minute. They're like, oh, yeah, I did it,
Speaker 2: and I'm going to do it again. Like I think
Speaker 2: that that's really important. Obviously, share it with us. There
Speaker 2: are so many ways that you can actually celebrate. I'm
Speaker 2: liszt scal. I love this episode. I've reminded you that
Speaker 2: I'm stat scale, I'm quote scale, and so list girl
Speaker 2: also spreadsheet girl. Oh god, do you know in Vegas
Speaker 2: they have a spreadsheet competition.
Speaker 4: You would win?
Speaker 2: I have no I don't know if i'd win, but
Speaker 2: like if I was ever single, that might be where
Speaker 2: I go to find another husband.
Speaker 4: Yeah, the love of your life. You're a real outside
Speaker 4: of spreadsheets.
Speaker 2: Just think the guy who's a freaking the sheets. Anyway,
Speaker 2: very well done. Given I am the queen of lists,
Speaker 2: I have clearly written you a list to help you
Speaker 2: keep the momentum up. So first things first, do you
Speaker 2: celebrate your wins? Obviously, because we're not going to be
Speaker 2: going hard every single time we have a small money win,
Speaker 2: because you should be having them regularly. We're going to
Speaker 2: keep a journal, like we're going to keep a list
Speaker 2: of things that we have won, a list of wins
Speaker 2: that you want to achieve, because obviously all of these
Speaker 2: wins are going to add up, and all of the
Speaker 2: little things that you're doing in the list, you might
Speaker 2: think they're their mundane, but I promise when you get
Speaker 2: to the end of the year and you reflect on them,
Speaker 2: you're going to have this book of all the stuff
Speaker 2: that you did for you. Isn't that kind of cool
Speaker 2: to like flip through and I don't know. I like
Speaker 2: reading my diary from when I was younger and I
Speaker 2: look at it and I go, oh, gosh, that was lame,
Speaker 2: but also go boo, like I love it. So I
Speaker 2: think keeping a list is going to keep your momentum up,
Speaker 2: but it also kind of keeps you accountable because you're
Speaker 2: writing that list. Yeap the done list as well. So
Speaker 2: not just these ideas that you're going to achieve, write
Speaker 2: those down, but obviously write down the things that you've
Speaker 2: actually learned. Make room and make space, celebrate them, find
Speaker 2: a little accountability partner like Jess, I know if I
Speaker 2: did something, I do usually text you to tell you.
Speaker 2: But if you don't have that friend or that person
Speaker 2: in your life, oh she's on the money's there. We
Speaker 2: have our money wins and confessions. Thread Also, don't be
Speaker 2: too harsh on yourself when you don't achieve something like
Speaker 2: even if it was little and you're like, far, I
Speaker 2: can't even achieve that, that's fine. Let's talk about it.
Speaker 2: Post it in the group. What went wrong? How can
Speaker 2: I help you reframe that so that one you see
Speaker 2: it as a learning instead of something that was really
Speaker 2: awful that happened to you. But two, how do we
Speaker 2: do it better next time? Is there something else we
Speaker 2: need to tweak? Like, I promise, we've got.
Speaker 4: Your back, so does the rest of the community.
Speaker 2: So does the rest of the community. And then I guess,
Speaker 2: remember why you're here and why you're doing it. Like
Speaker 2: we always say on the podcast, when in doubt, zoom out.
Speaker 2: Sometimes you might be doubting why you're doing little things.
Speaker 2: Zoom out. You're creating this level of financial literacy for
Speaker 2: yourself that you have never had. You are teaching yourself
Speaker 2: this confidence that you have never had. You're teaching yourself
Speaker 2: these positive habits and behaviors that you've never had, Like,
Speaker 2: isn't that cool? Let's zoom out and see why we're
Speaker 2: doing this. It's not just because you want another fifty
Speaker 2: bucks in your account, Jess, Like it is from little things,
Speaker 2: big things grow.
Speaker 4: Yeah, And you're doing the groundwork so that the big
Speaker 4: things that seem so huge now eventually don't seem so big.
Speaker 2: And it can take time, but I promise it is
Speaker 2: worth it.
Speaker 4: Yeah. Absolutely, But before we go, can you tell me
Speaker 4: is there anything we should be avoiding when we're setting
Speaker 4: these small money goals?
Speaker 2: Obviously, positive mindset is everything. If you're going to be
Speaker 2: negative about it, we're not going to get very far,
Speaker 2: very quickly. I don't know if you know this. Quotes
Speaker 2: scal are you? Yeah? Quote Scout, Jess. Quote here comparison
Speaker 2: is the thief of all joy. That's a classic. Yeah,
Speaker 2: it's a classic quote. It's so true though I've never
Speaker 2: been quoted. I just quote other people, So one day
Speaker 2: maybe if I stopped stealing everybody else's quotes, I could
Speaker 2: come up with my own. But it's true, right in
Speaker 2: every single area of our lives, we need to cut
Speaker 2: out this idea of comparison. So we need to cut
Speaker 2: out the idea that I would compare myself to your
Speaker 2: financial goals and vice versa. But when it comes to
Speaker 2: small things, you shouldn't just be avoiding comparing yourself to
Speaker 2: each other and your peers and your friends. You should
Speaker 2: actually be avoiding comparing yourself to pass you. Yeah, because
Speaker 2: past you they did the best they could, but they
Speaker 2: might not have been as good at it. Also, they
Speaker 2: might have been great at it. Like maybe one time
Speaker 2: you saved for a house and our life has completely changed. Yess,
Speaker 2: you've got young kids, you're not that on top of finances.
Speaker 2: Maybe finances used to be really easy, and you're like,
Speaker 2: I used to be able to do this, Why can't
Speaker 2: I do it now? Skin ourselves a little bit of
Speaker 2: grace and understand why that might be the case. As
Speaker 2: I've said before, life is about seasons, and sometimes we
Speaker 2: go through easier seasons, sometimes we go through harder seasons,
Speaker 2: And I think it's really important to just, I guess,
Speaker 2: look at that, but also not compare a little stuff
Speaker 2: to our big stuff and go, oh, well, that goal
Speaker 2: doesn't matter because I want to save for a house future,
Speaker 2: If that makes sense. Totally. I watched a Ted talk recently.
Speaker 2: It was actually a snippet from a TikTok, but it
Speaker 2: was a Ted talk. I feel like I'm really good
Speaker 2: at TikTok. And the talk was called Weighing Ants. I
Speaker 2: told you I was going to bring here we go.
Speaker 4: I was wondering.
Speaker 2: So there's an educator out there called Mrnaz Bassiri, and
Speaker 2: they said that we can't take the tiniest wins and
Speaker 2: accomplishments of our lives and throw them on the scales
Speaker 2: and expect to see the needle move. But Jess, I
Speaker 2: told you earlier, ants are really vowerful. So ants have
Speaker 2: been documented here this is now becoming she's on the
Speaker 2: ant fax instead of she's on the money. But ants
Speaker 2: have been documented to be able to carry up to
Speaker 2: twenty times their own body weight. And if a human
Speaker 2: could lift twenty times their own body weight, Jess, they'd
Speaker 2: be able to lift like just over two thousand kilograms. Wow,
Speaker 2: I mean, she's on the ant facts. But also the
Speaker 2: purpose of that is from little things, big things grow,
Speaker 2: and those small money wins they become the big money wins,
Speaker 2: and to me they are so wildly important. And then
Speaker 2: I guess what you need to really really remember is
Speaker 2: that small wins are honestly more important in so many
Speaker 2: ways than the really big ones, like ticking off life milestones.
Speaker 2: I totally get it. But your beliefs, your values, your
Speaker 2: behaviors are being reiterated every time you celebrate a small goal,
Speaker 2: set a small goal, achieve a small goal. Because often
Speaker 2: just looking at your small wins in a series, often
Speaker 2: this can only happen in hindsight, like keeping a journal,
Speaker 2: you can just see how much progress you've made and
Speaker 2: how much maybe your mindset has changed. And we can
Speaker 2: do that this year. Like I think that that is
Speaker 2: so beautiful, and I think being able to seize that
Speaker 2: opportunity and go, no, I can really do this, Like
Speaker 2: it's a small step in the right direction.
Speaker 4: Yeah, one hundred percent. I feel like that is really
Speaker 4: exemplified in on our website on the freebies page, the
Speaker 4: savings have Oh they're my favorite, They're wonderful, and we
Speaker 4: have them for one time. We've just redesigned them so
Speaker 4: they're all in the new branding. Guys, so if you
Speaker 4: have the old ones, go get the new ones. Yeah,
Speaker 4: they're in one thousand and twenty thousand dollars increment. And
Speaker 4: the idea is that you take a said amount of
Speaker 4: money every week, can you pop it in, So you
Speaker 4: have fifty two deposits that you make over the course
Speaker 4: of the year. And those deposits range everywhere from you know,
Speaker 4: maybe one hundred dollars, some of them are seven dollars.
Speaker 2: And there's also like a free weeks like you have
Speaker 2: no cash hole, it's okay with Alex, We've given you
Speaker 2: a free pass.
Speaker 4: Yeah, but it's one of those things where I think
Speaker 4: people would look at and go seven dollars.
Speaker 2: That's the point.
Speaker 4: That's not going to get me to a thousand. But
Speaker 4: those little things, when you put them all together, they
Speaker 4: add up to a lot. And like you said, sometimes
Speaker 4: keeping track of that is such a good way to
Speaker 4: be able to reflect on all the small things that
Speaker 4: you've done to put yourself first, which I just think is.
Speaker 2: I'm as usual Galie though. Like I love a spreadsheet,
Speaker 2: I love a tracker. I left printing things out and
Speaker 2: putting them on my walls. I love a vision board.
Speaker 2: You do too, Like if I can see it, I
Speaker 2: can believe it. If you can believe it, I can
Speaker 2: achieve it. Oh, I'm going to see myself. Well, I'm
Speaker 2: going to see myself out.
Speaker 4: It's enough for today.
Speaker 2: I think, you know what, we could even cut that
Speaker 2: one out. That's fine. I just know that our produce
Speaker 2: aren't though. They're like she's straight under the bus. If
Speaker 2: she thought she was having a good year this year,
Speaker 2: she is not. But I feel like this has been
Speaker 2: a fun EP. Thank you for joining me. I love
Speaker 2: a little Wednesday EP, but also I feel like it's
Speaker 2: been a good one. Get ourselves back on track and
Speaker 2: start smashing goals that could be back on Friday. Don't
Speaker 2: you worry, and we'll see you then. Guys, have the
Speaker 2: best week.
Speaker 4: Bye.
Speaker 5: The advice shared on She's on the Money is general
Speaker 5: in nature and does not consider your individual circumstances.
Speaker 2: She's on the Money exists purely for.
Speaker 5: Educational purposes and should not be relied upon to make
Speaker 5: an investment or financial decision. If you do choose to
Speaker 5: buy a financial product, read the PDS TMD and obtain
Speaker 5: appropriate financial advice tailored towards your needs. Victoria Divine and
Speaker 5: She's on the Money are authorized representatives of Money SHERPA
Speaker 5: pty Ltd ABN three two one is six four nine
Speaker 5: two seven seven zero eight, AFSL four five one eight
Speaker 5: nine