1 00:00:00,680 --> 00:00:04,920 Speaker 1: Hello, my name's Santasha Nabananga Bamblet. I'm a proud yor 2 00:00:04,960 --> 00:00:08,680 Speaker 1: the Order KERNI 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 --> 00:00:17,720 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 --> 00:00:54,080 Speaker 3: She's on the Money, She's on the Money. 12 00:00:57,680 --> 00:01:01,280 Speaker 4: Hello, and welcome to the last Wednesday of twenty twenty three. 13 00:01:01,160 --> 00:01:06,280 Speaker 2: With Shoes on the Money. Do you know what that means? 14 00:01:06,600 --> 00:01:10,520 Speaker 2: I don't actually means. It's been next year five years 15 00:01:10,560 --> 00:01:13,480 Speaker 2: of podcast. Oh my god, holy hecking. 16 00:01:13,680 --> 00:01:14,959 Speaker 4: Are you going to celebrate? 17 00:01:15,240 --> 00:01:18,560 Speaker 2: Probably not. I'm not very good at celebrating things. 18 00:01:18,880 --> 00:01:19,319 Speaker 4: That's fair. 19 00:01:19,440 --> 00:01:22,080 Speaker 2: I do like a little Instagram post. We could get 20 00:01:22,120 --> 00:01:23,080 Speaker 2: donuts or something. 21 00:01:23,360 --> 00:01:26,360 Speaker 4: Oh, I would love that. I mean, I haven't been 22 00:01:26,400 --> 00:01:27,280 Speaker 4: here for the whole five years. 23 00:01:27,280 --> 00:01:29,360 Speaker 2: But sorry, are you on the team? Are you off 24 00:01:29,440 --> 00:01:30,480 Speaker 2: the team? Are on the team. 25 00:01:30,520 --> 00:01:32,640 Speaker 4: I feel like I'm on it. Can I have a donut? 26 00:01:32,640 --> 00:01:34,480 Speaker 2: Still? Oh? You can have ten donuts? 27 00:01:34,720 --> 00:01:35,200 Speaker 4: Thank you? 28 00:01:35,280 --> 00:01:37,640 Speaker 2: My shower? All right, what are we doing? 29 00:01:37,800 --> 00:01:43,279 Speaker 5: Okay, So today we're talking about news resolutions, which I 30 00:01:43,319 --> 00:01:45,920 Speaker 5: think I feel like everyone's on top of mind right 31 00:01:45,959 --> 00:01:46,560 Speaker 5: now for everyone. 32 00:01:46,720 --> 00:01:47,880 Speaker 4: Yeah, can I ask what yours are? 33 00:01:47,960 --> 00:01:50,320 Speaker 2: You can ask what minor? Oh my gosh, I don't 34 00:01:50,320 --> 00:01:52,800 Speaker 2: know what minor. I have no idea. I feel like 35 00:01:52,840 --> 00:01:56,240 Speaker 2: it starts. Coming year is going to be crazy for me. 36 00:01:57,520 --> 00:01:59,480 Speaker 2: True the end of February, I'm going to become. 37 00:01:59,240 --> 00:02:00,720 Speaker 4: A Mom's got to be a mum? 38 00:02:00,840 --> 00:02:03,240 Speaker 2: What the heck? So I feel like everything is I 39 00:02:03,280 --> 00:02:05,800 Speaker 2: think I just want to be able to I guess yeah, 40 00:02:05,920 --> 00:02:07,880 Speaker 2: do that. There's nothing that I really want to change. 41 00:02:07,880 --> 00:02:10,679 Speaker 2: I feel like last year I had, or like last 42 00:02:10,760 --> 00:02:12,480 Speaker 2: year as in this year, I've had just had a 43 00:02:12,520 --> 00:02:15,560 Speaker 2: really productive year, Like I've smashed some really big goals. 44 00:02:15,919 --> 00:02:19,200 Speaker 2: I've gotten on track, I've done yeah to me a 45 00:02:19,280 --> 00:02:22,280 Speaker 2: lot yeap, And I'm super excited about it. But it's 46 00:02:22,360 --> 00:02:24,120 Speaker 2: just one of those things that you go do you 47 00:02:24,160 --> 00:02:26,919 Speaker 2: know what. I'm actually really proud of where I've come from. 48 00:02:27,160 --> 00:02:30,000 Speaker 2: So while we're talking about you know, smashing your new 49 00:02:30,040 --> 00:02:32,680 Speaker 2: financial goals for twenty twenty four. I also think it's 50 00:02:32,680 --> 00:02:34,880 Speaker 2: a good time to kind of like step back and go, 51 00:02:35,240 --> 00:02:37,240 Speaker 2: do you know what? Twenty twenty three was hard for 52 00:02:37,320 --> 00:02:42,120 Speaker 2: lots of us financially cooked, cost of living crisis cooked 53 00:02:42,240 --> 00:02:46,880 Speaker 2: for lots of us who have debt or mortgages, absolutely stressful. 54 00:02:47,160 --> 00:02:48,640 Speaker 2: So I think that we need to give ourselves a 55 00:02:48,639 --> 00:02:49,880 Speaker 2: bit of a pad on the back and go, you 56 00:02:49,919 --> 00:02:52,560 Speaker 2: know what, we didn't come this far or only come 57 00:02:52,600 --> 00:02:56,200 Speaker 2: this far? Yep, doesn't matter if you didn't achieve any 58 00:02:56,240 --> 00:02:58,359 Speaker 2: of the goals you set out to achieve this year? 59 00:02:58,760 --> 00:02:59,400 Speaker 2: Who cares? 60 00:02:59,800 --> 00:02:59,960 Speaker 1: Mean? 61 00:03:00,120 --> 00:03:02,760 Speaker 2: You probably care? That's all right. We can start fresh 62 00:03:02,800 --> 00:03:04,960 Speaker 2: next year. We can start on a really good foot. 63 00:03:05,200 --> 00:03:07,320 Speaker 2: But like beck, who cares? If you didn't achieve a 64 00:03:07,360 --> 00:03:10,080 Speaker 2: goal in twenty twenty three that you really really wanted to, 65 00:03:10,680 --> 00:03:12,880 Speaker 2: does it mean it's completely unobtainable for the rest of 66 00:03:12,919 --> 00:03:15,239 Speaker 2: your life? No, exactly, we can still do it. 67 00:03:15,040 --> 00:03:17,239 Speaker 4: It's never too late to start, exactly. 68 00:03:17,639 --> 00:03:20,079 Speaker 2: So do I know what my news resolutions are? 69 00:03:20,320 --> 00:03:20,480 Speaker 1: No? 70 00:03:20,760 --> 00:03:22,520 Speaker 2: Hopefully by the end of this episode, I have a 71 00:03:22,560 --> 00:03:25,440 Speaker 2: better clearer idea, and I do definitely need to sit 72 00:03:25,520 --> 00:03:28,280 Speaker 2: down over I guess you could say the New Year's 73 00:03:28,320 --> 00:03:31,919 Speaker 2: break and write some of my own ones out. But yeah, 74 00:03:31,960 --> 00:03:34,400 Speaker 2: I think sitting down and talking about smashing your new 75 00:03:34,480 --> 00:03:37,200 Speaker 2: year's financial goals, it's a good place to be. But 76 00:03:37,240 --> 00:03:39,960 Speaker 2: we need to, I guess, start it from a place 77 00:03:40,000 --> 00:03:43,040 Speaker 2: of kindness as well. Not kindness for each other, which 78 00:03:43,120 --> 00:03:46,360 Speaker 2: is always given, but more kindness for ourselves, because sometimes 79 00:03:46,880 --> 00:03:49,280 Speaker 2: coming to a point, like right now, you're listening to 80 00:03:49,280 --> 00:03:52,880 Speaker 2: this episode, going I didn't achieve anything. They I'm really disappointed. 81 00:03:52,960 --> 00:03:54,800 Speaker 2: That's fine, I'm not proud of you. Look at you. 82 00:03:54,800 --> 00:03:56,880 Speaker 2: You're still listening to the pod, You're still engaged in 83 00:03:56,920 --> 00:04:00,000 Speaker 2: the community, You're still wanting what is best for you, 84 00:04:00,040 --> 00:04:00,920 Speaker 2: And isn't that the best? 85 00:04:01,040 --> 00:04:02,200 Speaker 4: That's a really good way to look at it. 86 00:04:02,320 --> 00:04:04,080 Speaker 2: I think it's the only way we can look at it. 87 00:04:04,160 --> 00:04:05,680 Speaker 4: I love that, I think. 88 00:04:05,800 --> 00:04:07,440 Speaker 5: Yeah, So the start of the year kind of like 89 00:04:07,480 --> 00:04:09,680 Speaker 5: sees us all reaved up to set new Year's resolutions. 90 00:04:09,720 --> 00:04:12,160 Speaker 5: Whether we stick to someone or not is totally fine, 91 00:04:12,200 --> 00:04:14,240 Speaker 5: but we do kind of find ourselves more likely than 92 00:04:14,240 --> 00:04:17,120 Speaker 5: ever to set fitness goals or focus on life changes. 93 00:04:17,480 --> 00:04:19,920 Speaker 5: And while anytime is a good time to reassess your 94 00:04:19,960 --> 00:04:23,120 Speaker 5: financial goals, the beginning of a year feels like a 95 00:04:23,200 --> 00:04:27,640 Speaker 5: nice clean slate to set our new intentions on. Yeah, totally, 96 00:04:27,720 --> 00:04:28,360 Speaker 5: it really does. 97 00:04:28,400 --> 00:04:31,760 Speaker 2: You're like, new year, new media, financial goals. It feels good, 98 00:04:31,920 --> 00:04:35,760 Speaker 2: you know, she's fresh. Totally get a new diary and everything. 99 00:04:35,960 --> 00:04:38,640 Speaker 4: Yeah untainted? We can, Yeah we can leave everything. 100 00:04:38,640 --> 00:04:39,919 Speaker 2: Haven't even doodled all over it. 101 00:04:40,000 --> 00:04:41,480 Speaker 4: Yeah, that's exactly right. 102 00:04:41,560 --> 00:04:43,559 Speaker 5: And that's why today we're talking top tips for kicking 103 00:04:43,560 --> 00:04:45,680 Speaker 5: your New Year's financial goals. 104 00:04:45,920 --> 00:04:46,680 Speaker 2: I'm obsessed. 105 00:04:47,360 --> 00:04:48,960 Speaker 5: Did you know that seventy four percent of Aussie is 106 00:04:49,000 --> 00:04:51,560 Speaker 5: making New Year's resolutions and most common things to set 107 00:04:51,560 --> 00:04:54,279 Speaker 5: our sights on in twenty twenty four, according to the 108 00:04:54,480 --> 00:04:57,640 Speaker 5: Forbes Slash one pul survey are And this is probably 109 00:04:57,640 --> 00:04:59,359 Speaker 5: not shocking because. 110 00:04:58,920 --> 00:05:01,600 Speaker 2: I'm not surprised that seventy four percent of assi's make 111 00:05:01,720 --> 00:05:05,279 Speaker 2: news resolutions. I would have guessed higher, though, same actually said, like, 112 00:05:05,320 --> 00:05:08,599 Speaker 2: doesn't everyone set news resolutions or yeah, news goals even 113 00:05:08,640 --> 00:05:10,520 Speaker 2: a little bit doesn't mean you need to achieve them. 114 00:05:10,560 --> 00:05:12,480 Speaker 2: But I think I just feel like I have so 115 00:05:12,560 --> 00:05:15,480 Speaker 2: many conversations like what are you planning on doing next year? 116 00:05:15,560 --> 00:05:17,760 Speaker 5: Yes, you know the people that are like, I don't 117 00:05:17,760 --> 00:05:19,479 Speaker 5: really care about my birthday, it's just another day. I 118 00:05:19,480 --> 00:05:23,320 Speaker 5: think those are the people that right news resolutions resolutions, 119 00:05:23,640 --> 00:05:24,839 Speaker 5: which is totally fine. 120 00:05:24,640 --> 00:05:27,520 Speaker 2: But we have birthday months, so those are type of 121 00:05:27,520 --> 00:05:28,960 Speaker 2: people we are exactly. 122 00:05:29,000 --> 00:05:30,599 Speaker 5: Actually, I would say the month before, in the month 123 00:05:30,640 --> 00:05:32,359 Speaker 5: after birthday, it's our birthday. 124 00:05:32,440 --> 00:05:34,640 Speaker 2: It's rude not to also when it's your birthday back 125 00:05:35,080 --> 00:05:37,800 Speaker 2: basically my birthday, so we probably should share and celebrate. 126 00:05:37,920 --> 00:05:40,880 Speaker 4: We can do that combined birthday part Right. 127 00:05:41,040 --> 00:05:43,120 Speaker 2: Tell me about this survey. What did it find? 128 00:05:43,240 --> 00:05:47,320 Speaker 5: Okay, this is almost the same list as my own resolutions, 129 00:05:47,360 --> 00:05:50,120 Speaker 5: but top of the list, forty eight percent of people 130 00:05:50,200 --> 00:05:52,840 Speaker 5: want to improve their fitness, thirty eight percent of people 131 00:05:52,880 --> 00:05:56,000 Speaker 5: want to improve their finances, thirty six percent of people 132 00:05:56,080 --> 00:05:58,800 Speaker 5: want to improve their mental health, thirty four percent of 133 00:05:58,800 --> 00:06:01,280 Speaker 5: people want to lose weight whatever that looks like, and 134 00:06:01,320 --> 00:06:03,520 Speaker 5: thirty two percent of people want to improve their diet. 135 00:06:03,640 --> 00:06:07,320 Speaker 2: Yeah, I feel like those are so stereotypical, right, and 136 00:06:07,400 --> 00:06:08,000 Speaker 2: I'm over it. 137 00:06:08,320 --> 00:06:08,599 Speaker 4: Sure? 138 00:06:08,760 --> 00:06:11,040 Speaker 2: Yeah, anyway, you could kick me off on a round 139 00:06:11,080 --> 00:06:14,320 Speaker 2: about like the weight loss community, et cetera. If your 140 00:06:14,480 --> 00:06:16,800 Speaker 2: this is like a plug, but not a plug. It's 141 00:06:16,800 --> 00:06:20,000 Speaker 2: not paid, it's not sponsored, it's just run by two friends. 142 00:06:20,000 --> 00:06:23,000 Speaker 2: Of mine who I really really respect. If you're planning 143 00:06:23,000 --> 00:06:26,520 Speaker 2: on I guess improving your fitness or planning on losing 144 00:06:26,560 --> 00:06:30,280 Speaker 2: weight or improving your diet, I would go check out 145 00:06:30,360 --> 00:06:33,920 Speaker 2: kick You kick app. Yeah, they're on Instagram, and I 146 00:06:34,000 --> 00:06:38,320 Speaker 2: just I adore their approach to fitness and lifestyle and 147 00:06:38,360 --> 00:06:41,680 Speaker 2: diet because they don't talk about calories. They talk about 148 00:06:41,680 --> 00:06:44,039 Speaker 2: the best version of you and setting yourself up to 149 00:06:44,080 --> 00:06:47,640 Speaker 2: be the best version of you. And they are to 150 00:06:48,000 --> 00:06:50,160 Speaker 2: gorgeous people who have gone through it all when it 151 00:06:50,200 --> 00:06:53,919 Speaker 2: comes to I guess restricting themselves when it comes to 152 00:06:53,960 --> 00:06:56,240 Speaker 2: food and you know, over exercising and all of that, 153 00:06:56,320 --> 00:06:58,320 Speaker 2: and they don't want that for their community, so they 154 00:06:58,360 --> 00:07:01,160 Speaker 2: try so hard to make sure everything's well balanced. But 155 00:07:01,200 --> 00:07:03,200 Speaker 2: I would be checking something like that out if those 156 00:07:03,240 --> 00:07:06,719 Speaker 2: are your goals, and obviously sticking around She's on the 157 00:07:06,760 --> 00:07:09,520 Speaker 2: money when you want to talk about the financial aspects 158 00:07:09,560 --> 00:07:14,200 Speaker 2: of things, because obviously improved finances is great, But I 159 00:07:14,320 --> 00:07:17,280 Speaker 2: feel like we need to have a clearer outline because 160 00:07:17,280 --> 00:07:19,160 Speaker 2: you can't just say, oh, I'm going to lose weight 161 00:07:19,200 --> 00:07:22,320 Speaker 2: this year or I'm going to be better money this year. Yeah, 162 00:07:22,360 --> 00:07:24,200 Speaker 2: Like that's not tangible. 163 00:07:23,800 --> 00:07:25,680 Speaker 5: No, And what does that even look like, because like 164 00:07:26,200 --> 00:07:28,280 Speaker 5: I mean, I know we're not a weight loss podcast, 165 00:07:28,280 --> 00:07:29,840 Speaker 5: but like losing weight, does that mean you want to 166 00:07:29,880 --> 00:07:31,160 Speaker 5: lose muscle and bone density? 167 00:07:31,240 --> 00:07:32,400 Speaker 4: Or does that mean you want to lose fat? Like 168 00:07:32,400 --> 00:07:34,040 Speaker 4: we need to be more specific, bat, I don't. 169 00:07:33,880 --> 00:07:36,120 Speaker 2: Know, And also like why are you doing that? Do 170 00:07:36,160 --> 00:07:37,920 Speaker 2: you actually need to work on your mental health and 171 00:07:38,000 --> 00:07:41,000 Speaker 2: your mind exactly because I can almost guarantee that half 172 00:07:41,040 --> 00:07:43,080 Speaker 2: the people that are saying, oh, I need to lose weight, 173 00:07:43,160 --> 00:07:43,720 Speaker 2: you don't. 174 00:07:44,080 --> 00:07:46,760 Speaker 4: I know, I agree, So I can't. 175 00:07:46,880 --> 00:07:47,400 Speaker 2: We won't. 176 00:07:47,520 --> 00:07:50,160 Speaker 5: I think we feel exactly the same about this whole anyway, 177 00:07:50,360 --> 00:07:53,080 Speaker 5: Straight in the bin, straight in the bin. Just everyone's 178 00:07:53,120 --> 00:07:56,040 Speaker 5: beautiful anyway. So v where can we drop the ball 179 00:07:56,040 --> 00:07:58,360 Speaker 5: when it comes to actually following through on these. 180 00:07:58,360 --> 00:08:02,680 Speaker 2: Like everywhere if you're me everywhere? But most people actually 181 00:08:02,760 --> 00:08:06,640 Speaker 2: blame their failure or the inability to fulfill a resolution 182 00:08:06,800 --> 00:08:09,320 Speaker 2: on a lack of time, a lack of resources, a 183 00:08:09,400 --> 00:08:13,200 Speaker 2: lack of motivation, which is really important, or a loss 184 00:08:13,240 --> 00:08:16,280 Speaker 2: of zeal after starting. Like it's like when I used 185 00:08:16,320 --> 00:08:17,920 Speaker 2: to go to the gym, I don't anymore. I'm not 186 00:08:17,960 --> 00:08:19,600 Speaker 2: a gym bunny girly, and I had to come to 187 00:08:19,640 --> 00:08:22,000 Speaker 2: that realization. I wanted to be a gym bunny girly. 188 00:08:22,480 --> 00:08:24,520 Speaker 2: I so wanted to be like so fit and be 189 00:08:24,720 --> 00:08:26,200 Speaker 2: you know those people that get up at SA six 190 00:08:26,240 --> 00:08:27,680 Speaker 2: am and they go to the gym for half an 191 00:08:27,680 --> 00:08:30,600 Speaker 2: hour every single morning. I look at that and I go, wow, 192 00:08:30,960 --> 00:08:33,640 Speaker 2: the commitment, the motivation. I want to be like you. 193 00:08:33,920 --> 00:08:36,840 Speaker 2: I'm not like you. It's not going to happen. Never 194 00:08:36,840 --> 00:08:39,679 Speaker 2: going to be that gal. But like in January, when 195 00:08:39,679 --> 00:08:41,120 Speaker 2: I used to go to the gym, it would be 196 00:08:41,120 --> 00:08:44,560 Speaker 2: super full because everyone's motivated. Then come like February there's 197 00:08:44,600 --> 00:08:48,120 Speaker 2: less people. March there's less people. June everything's empty, like 198 00:08:48,240 --> 00:08:52,160 Speaker 2: we're all done. People lose their lack momentum. But only 199 00:08:52,240 --> 00:08:56,040 Speaker 2: about sixteen percent beck of people are able to follow 200 00:08:56,120 --> 00:08:59,640 Speaker 2: through with their resolutions, according to research, and the majority 201 00:08:59,720 --> 00:09:02,280 Speaker 2: give up within one to six weeks of starting. And 202 00:09:02,360 --> 00:09:05,959 Speaker 2: many of these resolutions they're just repeated year after year. Yes, 203 00:09:06,120 --> 00:09:09,840 Speaker 2: so I can almost guarantee that if improving your finances 204 00:09:09,920 --> 00:09:12,080 Speaker 2: is a goal that you have this year, it was 205 00:09:12,120 --> 00:09:14,880 Speaker 2: a goal that you had last year, potentially the year before. 206 00:09:15,640 --> 00:09:18,440 Speaker 2: But what we're doing this year back, we're getting it done, 207 00:09:18,520 --> 00:09:21,160 Speaker 2: getting it done, getting it done, this year is going 208 00:09:21,200 --> 00:09:23,120 Speaker 2: to be our best year yet when it comes to 209 00:09:23,160 --> 00:09:26,040 Speaker 2: twenty twenty four. So I've got a list of five 210 00:09:26,200 --> 00:09:29,400 Speaker 2: things that seem to get people off track really quickly. 211 00:09:29,760 --> 00:09:31,439 Speaker 2: So the first thing I'm going to run through these 212 00:09:31,480 --> 00:09:35,320 Speaker 2: really quickly is setting unrealistic resolutions. So you set something 213 00:09:35,400 --> 00:09:38,000 Speaker 2: that honestly was never going to happen. So if I 214 00:09:38,120 --> 00:09:40,200 Speaker 2: set the goal of going to the gym five times 215 00:09:40,240 --> 00:09:42,640 Speaker 2: a week, I can guarantee never going to happen because 216 00:09:42,679 --> 00:09:45,480 Speaker 2: I do not have the motivation, I don't have the time, 217 00:09:45,920 --> 00:09:48,400 Speaker 2: I don't have the zeal. It's not going to happen. 218 00:09:48,679 --> 00:09:54,280 Speaker 2: But people either establish excessively difficult objectives that quickly become unreachable, 219 00:09:54,760 --> 00:09:57,319 Speaker 2: or they set relatively easy goals that they quickly become 220 00:09:57,360 --> 00:10:00,160 Speaker 2: bored with. So, like, if you're planning on setting a goal, 221 00:10:00,360 --> 00:10:02,760 Speaker 2: and I'm using the gym as an example here because 222 00:10:02,800 --> 00:10:05,720 Speaker 2: I feel like we can all immediately connect with that mindset, 223 00:10:05,920 --> 00:10:08,280 Speaker 2: whether you like the gym or not, But like, how 224 00:10:08,400 --> 00:10:10,880 Speaker 2: unrealistic to go I'm going to go to the gym 225 00:10:10,920 --> 00:10:13,440 Speaker 2: five times a week? Do you go to the gym 226 00:10:13,440 --> 00:10:14,120 Speaker 2: once a week? Back? 227 00:10:14,559 --> 00:10:16,240 Speaker 4: Sometimes not you? 228 00:10:16,400 --> 00:10:18,280 Speaker 2: But like I don't go to the gym even once 229 00:10:18,320 --> 00:10:21,240 Speaker 2: a week, So why would going straight for five actually 230 00:10:21,280 --> 00:10:21,840 Speaker 2: be smart? 231 00:10:22,080 --> 00:10:23,040 Speaker 4: Yes, exactly. 232 00:10:23,160 --> 00:10:25,560 Speaker 2: Maybe my goal should be I'm going to work up 233 00:10:25,600 --> 00:10:28,200 Speaker 2: to five times a week over the next twelve months, 234 00:10:28,360 --> 00:10:30,200 Speaker 2: and I'm going to start by going once a week 235 00:10:30,240 --> 00:10:30,840 Speaker 2: in January. 236 00:10:31,040 --> 00:10:32,360 Speaker 4: That's a really good way to do it. 237 00:10:32,679 --> 00:10:35,840 Speaker 2: Lack of accountability. So if you're working with a coach 238 00:10:35,920 --> 00:10:39,520 Speaker 2: or a mentor or an accountability partner, that guarantees that 239 00:10:39,559 --> 00:10:41,760 Speaker 2: the proper energy and drive are present to help you 240 00:10:41,800 --> 00:10:44,600 Speaker 2: be more accomplished, more and have more. Now, I'm not 241 00:10:44,679 --> 00:10:47,079 Speaker 2: saying you need to go pay someone for this privilege. 242 00:10:47,120 --> 00:10:50,200 Speaker 2: And I guess spicy opinion, I don't believe in a 243 00:10:50,200 --> 00:10:53,160 Speaker 2: lot of life coaches or life mentors or business mentors 244 00:10:53,200 --> 00:10:55,920 Speaker 2: because I just go, how would they know how to 245 00:10:56,000 --> 00:10:58,599 Speaker 2: run your life better than you do? That accountability is 246 00:10:58,640 --> 00:11:01,520 Speaker 2: important and that's why she's on the community exists. So 247 00:11:01,600 --> 00:11:04,240 Speaker 2: this year, we're going to have accountability lists in our 248 00:11:04,240 --> 00:11:06,400 Speaker 2: Facebook group and I want you to check in. I 249 00:11:06,440 --> 00:11:07,960 Speaker 2: want you to be like, oh, I set this goal 250 00:11:08,040 --> 00:11:10,320 Speaker 2: and I haven't done it, and I promise you so 251 00:11:10,440 --> 00:11:13,840 Speaker 2: many other beautiful human beings from our community and jump 252 00:11:13,840 --> 00:11:16,320 Speaker 2: on and be like Beck, don't worry. You've got tomorrow, Beck, 253 00:11:16,360 --> 00:11:18,880 Speaker 2: don't worry. We can do it next week. Oh my gosh, Beck, 254 00:11:18,960 --> 00:11:21,760 Speaker 2: this is how I motivated myself to do it. We've 255 00:11:21,760 --> 00:11:24,360 Speaker 2: got your back, and we've got your back all the time. 256 00:11:25,240 --> 00:11:28,679 Speaker 2: People don't track or review their resolutions. So you need 257 00:11:28,720 --> 00:11:31,200 Speaker 2: to make sure you've got a weekly or fortnightly review 258 00:11:31,360 --> 00:11:33,600 Speaker 2: to allow you to keep on track of your progress 259 00:11:33,960 --> 00:11:37,960 Speaker 2: and turn excuses into opportunities. Yeah, because if you're not 260 00:11:38,000 --> 00:11:39,320 Speaker 2: on top of it, you're going to bury your head 261 00:11:39,360 --> 00:11:41,440 Speaker 2: in the sand. And if you bury your head in 262 00:11:41,440 --> 00:11:43,240 Speaker 2: the sand, you wake up in six months time ago. 263 00:11:43,280 --> 00:11:46,320 Speaker 2: Oh that never happened. But like, if you are two 264 00:11:46,360 --> 00:11:48,079 Speaker 2: weeks in and you haven't done it, well, let's just 265 00:11:48,160 --> 00:11:50,520 Speaker 2: reframe that goal. Maybe it's not working. What can we do? 266 00:11:50,760 --> 00:11:51,040 Speaker 4: Sure? 267 00:11:51,360 --> 00:11:54,600 Speaker 2: The next is self doubt. So so many of us 268 00:11:54,640 --> 00:11:58,960 Speaker 2: suffer from this. Don't allow your past failures to dictate 269 00:11:59,080 --> 00:12:03,360 Speaker 2: your future, Beck, I could not scream it louder. Your 270 00:12:03,520 --> 00:12:07,320 Speaker 2: financial circumstance does not dictate whether you are a good 271 00:12:07,440 --> 00:12:11,080 Speaker 2: human being or not. If you have not been good 272 00:12:11,080 --> 00:12:15,400 Speaker 2: with money historically, that does not mean anything. It just 273 00:12:15,480 --> 00:12:18,520 Speaker 2: means you didn't have the tools and the resources that 274 00:12:18,559 --> 00:12:22,240 Speaker 2: you needed. To manage money. Does that mean that you're silly? 275 00:12:22,640 --> 00:12:22,720 Speaker 3: No? 276 00:12:23,080 --> 00:12:25,520 Speaker 2: Does it mean you're dumb? No? Does it make you 277 00:12:25,880 --> 00:12:27,360 Speaker 2: really really bad with money? 278 00:12:28,000 --> 00:12:28,080 Speaker 1: No? 279 00:12:28,280 --> 00:12:30,800 Speaker 2: Because how were you supposed to be good with money? Beck? 280 00:12:31,000 --> 00:12:31,240 Speaker 4: Yeah? 281 00:12:31,280 --> 00:12:33,320 Speaker 2: If no one taught that to you, if no one 282 00:12:33,440 --> 00:12:36,360 Speaker 2: role modeled that to you, how were you just supposed 283 00:12:36,400 --> 00:12:36,679 Speaker 2: to know? 284 00:12:37,280 --> 00:12:38,920 Speaker 4: That's so true? I feel like that's a big thing. 285 00:12:39,200 --> 00:12:41,800 Speaker 2: And so many times you'll be harsh on yourself and 286 00:12:41,840 --> 00:12:43,280 Speaker 2: I've seen you do it and you go, I'm just 287 00:12:43,320 --> 00:12:44,079 Speaker 2: not that good at money. 288 00:12:44,200 --> 00:12:45,840 Speaker 4: Yeah, but that can be changed. 289 00:12:45,920 --> 00:12:47,079 Speaker 2: But why aren't you good at money? 290 00:12:47,080 --> 00:12:47,320 Speaker 4: Beck? 291 00:12:47,720 --> 00:12:49,880 Speaker 2: Is it because you grew up in a world where, 292 00:12:50,080 --> 00:12:52,320 Speaker 2: you know, lots of your family and friends they just 293 00:12:52,320 --> 00:12:55,000 Speaker 2: didn't have a lot of financial literacy too. Sure, nothing 294 00:12:55,000 --> 00:12:58,040 Speaker 2: to be ashamed of. It's just something to identify and go, wow, 295 00:12:58,280 --> 00:12:59,160 Speaker 2: I could work on that. 296 00:12:59,440 --> 00:13:00,720 Speaker 4: Yeah, how good? 297 00:13:01,240 --> 00:13:03,680 Speaker 2: Do you know what? The further we start backwards, the 298 00:13:03,720 --> 00:13:05,199 Speaker 2: further we can go forwards. Right. 299 00:13:05,360 --> 00:13:05,520 Speaker 1: Yeah. 300 00:13:05,559 --> 00:13:07,400 Speaker 2: It's like if you're in debt today and you're going, oh, 301 00:13:07,400 --> 00:13:09,960 Speaker 2: I just don't know, Like, you know, I've been pretty 302 00:13:09,960 --> 00:13:12,280 Speaker 2: shitty in my past. I'm not very good at money, 303 00:13:12,320 --> 00:13:14,520 Speaker 2: and you know, I haven't even paid off the debt 304 00:13:14,520 --> 00:13:16,079 Speaker 2: that I said I was going to pay off last year. 305 00:13:16,440 --> 00:13:19,120 Speaker 2: So how cool is it that we now have that 306 00:13:19,200 --> 00:13:22,640 Speaker 2: opportunity to do that, And ultimately how cool is it 307 00:13:22,679 --> 00:13:25,400 Speaker 2: that we can set up that goal and it will 308 00:13:25,400 --> 00:13:27,680 Speaker 2: actually carry us into the future. We can like look 309 00:13:27,679 --> 00:13:29,800 Speaker 2: at the bigger picture, right Like, if you owe five 310 00:13:29,920 --> 00:13:33,120 Speaker 2: grand and you're really really stressed about it, and you're like, look, 311 00:13:33,120 --> 00:13:35,480 Speaker 2: I'm paying back you know the minimum payments each and 312 00:13:35,480 --> 00:13:37,560 Speaker 2: every single month, have a look at what that minimum 313 00:13:37,600 --> 00:13:40,480 Speaker 2: payment is. Go all right, well, if I'm paying back, 314 00:13:40,520 --> 00:13:43,880 Speaker 2: you know, two hundred dollars a month, at what month 315 00:13:44,040 --> 00:13:46,120 Speaker 2: will I be out of debt? Let's put that in 316 00:13:46,120 --> 00:13:48,719 Speaker 2: your calendar. Then you've got that two hundred dollars a 317 00:13:48,800 --> 00:13:52,120 Speaker 2: month that can start to become savings. Let's keep that 318 00:13:52,240 --> 00:13:55,800 Speaker 2: I guess structure and that clarity around our goals to go. 319 00:13:56,040 --> 00:13:58,640 Speaker 2: I'm getting out of debt, but every single time I 320 00:13:58,800 --> 00:14:02,400 Speaker 2: make a repayment, that's me investing in my future self 321 00:14:02,400 --> 00:14:05,200 Speaker 2: and my future mentality and having that habit of quote 322 00:14:05,200 --> 00:14:07,880 Speaker 2: paying off debt, because one day paying off debt is 323 00:14:07,880 --> 00:14:11,200 Speaker 2: actually going to be savings. Yes, paying off debt one 324 00:14:11,280 --> 00:14:13,840 Speaker 2: day is going to be your investment and the more 325 00:14:13,880 --> 00:14:16,079 Speaker 2: you can prioritize that one, the more you're going to 326 00:14:16,120 --> 00:14:19,040 Speaker 2: smash down debt quicker. But two, the more you'll have 327 00:14:19,080 --> 00:14:21,680 Speaker 2: to invest in the future. Isn't that exciting? 328 00:14:21,880 --> 00:14:23,920 Speaker 4: Yeah, I'm so that. I think it's really good, but 329 00:14:23,960 --> 00:14:24,760 Speaker 4: it's so motivating. 330 00:14:24,880 --> 00:14:26,640 Speaker 2: Self doubt sucks. Kick it out. 331 00:14:26,720 --> 00:14:27,160 Speaker 4: Kick it out. 332 00:14:27,200 --> 00:14:29,680 Speaker 2: I promise nobody is ever going to talk to you 333 00:14:29,800 --> 00:14:31,440 Speaker 2: worse than you talk to yourself. 334 00:14:31,520 --> 00:14:33,520 Speaker 5: Yeah, I totally agree. Just Like a quick side note 335 00:14:33,520 --> 00:14:36,040 Speaker 5: and maybe maybe number five is that I read the 336 00:14:36,040 --> 00:14:37,800 Speaker 5: Power of habit. I'm not sure if you read this one, 337 00:14:37,840 --> 00:14:39,760 Speaker 5: but it's kind of like something I took away from 338 00:14:39,800 --> 00:14:42,000 Speaker 5: that is if you are just like making a plan, 339 00:14:42,200 --> 00:14:44,080 Speaker 5: it's all like positive stuff like I'm going to do 340 00:14:44,120 --> 00:14:46,320 Speaker 5: this and this and this, but we're not really planning 341 00:14:46,360 --> 00:14:49,600 Speaker 5: for when we're going to fail because we're not expecting to. 342 00:14:49,720 --> 00:14:51,720 Speaker 4: We don't want to plan for failure. I don't want 343 00:14:51,720 --> 00:14:53,680 Speaker 4: to fail. But I didn't set up goal because I'm 344 00:14:53,680 --> 00:14:54,720 Speaker 4: not bay exactly. 345 00:14:54,920 --> 00:14:58,160 Speaker 5: But if we hit a point or a usual blocker 346 00:14:58,280 --> 00:15:00,880 Speaker 5: where we would fail, and we plan for how we're 347 00:15:00,880 --> 00:15:04,000 Speaker 5: not going to fail, that's I think really beneficial. We 348 00:15:04,120 --> 00:15:05,920 Speaker 5: keep going back to like weight loss in the gym. 349 00:15:05,960 --> 00:15:09,640 Speaker 5: But let's say you know, on a Thursday night, you're 350 00:15:09,680 --> 00:15:11,920 Speaker 5: so tired you probably not going to go to the 351 00:15:11,960 --> 00:15:15,480 Speaker 5: gym on Friday morning. Let's think about what our mind 352 00:15:15,520 --> 00:15:17,680 Speaker 5: is telling us in that moment. Let's prepare ourselves for 353 00:15:17,720 --> 00:15:20,880 Speaker 5: those moments where we have no motivation. So planning for failure, 354 00:15:20,920 --> 00:15:23,480 Speaker 5: which sounds really weird, I think is also a good 355 00:15:23,560 --> 00:15:24,480 Speaker 5: thing to take on board. 356 00:15:24,520 --> 00:15:26,480 Speaker 2: I think it's really smart and it actually reminds me 357 00:15:26,560 --> 00:15:28,840 Speaker 2: something that I have been thinking about a lot, I 358 00:15:28,840 --> 00:15:32,400 Speaker 2: guess in the last twelve months, because I'm often asked fee, 359 00:15:32,400 --> 00:15:34,160 Speaker 2: where do you get your motivation? Where do you get 360 00:15:34,200 --> 00:15:38,160 Speaker 2: self discipline? And like, I've had to really reflect on 361 00:15:39,080 --> 00:15:41,400 Speaker 2: why I have these things because I don't have them 362 00:15:41,400 --> 00:15:43,200 Speaker 2: in every aspect of my life. But when it comes 363 00:15:43,200 --> 00:15:45,720 Speaker 2: to work and you know, getting stuff done and all 364 00:15:45,760 --> 00:15:47,240 Speaker 2: of that, I think a lot of people go WOWV 365 00:15:47,440 --> 00:15:50,960 Speaker 2: like you're doing so much, and that can be overwhelming 366 00:15:50,960 --> 00:15:52,440 Speaker 2: because that puts a lot of pressure on you if 367 00:15:52,440 --> 00:15:54,320 Speaker 2: they are like, oh, Beck, you're doing so well that 368 00:15:54,400 --> 00:15:57,280 Speaker 2: you can't then drop the ball, can you? But people 369 00:15:57,320 --> 00:15:59,560 Speaker 2: often go, well, how did you get motivated? And I'm like, 370 00:15:59,600 --> 00:16:02,040 Speaker 2: I didn't, I just did it like there's actually no 371 00:16:02,680 --> 00:16:05,640 Speaker 2: key to motivation. And when it comes to self discipline, 372 00:16:05,920 --> 00:16:08,440 Speaker 2: the way I see it is self discipline is the 373 00:16:08,560 --> 00:16:12,520 Speaker 2: highest form of self care, like doing something for future 374 00:16:12,560 --> 00:16:14,920 Speaker 2: you when today you doesn't really want to do it, 375 00:16:15,800 --> 00:16:18,560 Speaker 2: and like overcoming that and that book that you've recommended 376 00:16:18,600 --> 00:16:21,040 Speaker 2: is a really great place to start, but like overcoming 377 00:16:21,720 --> 00:16:23,920 Speaker 2: the lack of self discipline because so many people say 378 00:16:23,960 --> 00:16:26,080 Speaker 2: I don't have any self discipline, Victoria and I go, 379 00:16:26,400 --> 00:16:28,520 Speaker 2: but you have to find that no one's going to 380 00:16:28,520 --> 00:16:30,440 Speaker 2: gift it to you, Like there's no book you can 381 00:16:30,480 --> 00:16:34,080 Speaker 2: read or podcast you can listen to, or inspirational mentor 382 00:16:34,160 --> 00:16:36,240 Speaker 2: you can turn to that's ultimately going to turn on 383 00:16:36,280 --> 00:16:38,680 Speaker 2: your motivation. You've actually got to do it for you 384 00:16:39,000 --> 00:16:41,280 Speaker 2: and for future you. And if you go, all right, well, 385 00:16:41,320 --> 00:16:46,080 Speaker 2: self discipline is the highest form, according to Victoria, of 386 00:16:46,480 --> 00:16:49,040 Speaker 2: you know, self love, that's actually going to put you 387 00:16:49,040 --> 00:16:51,600 Speaker 2: in the best possible position. Because if you start seeing 388 00:16:51,680 --> 00:16:54,640 Speaker 2: it as like no, no, no, I'm actually going to 389 00:16:54,640 --> 00:16:57,360 Speaker 2: look at my budget this week because I'm overwhelmed, but 390 00:16:57,440 --> 00:16:59,120 Speaker 2: also I'm going to look at it because it puts 391 00:16:59,120 --> 00:17:01,120 Speaker 2: me in the best possible position, and I really love 392 00:17:01,160 --> 00:17:04,120 Speaker 2: myself and I deserve it. It changes your mindset. 393 00:17:03,840 --> 00:17:06,120 Speaker 5: Absolutely and can be small little things that will build 394 00:17:06,160 --> 00:17:08,159 Speaker 5: up your self discipline. But the I always want to 395 00:17:08,160 --> 00:17:10,040 Speaker 5: know what are some good like mental health checks to 396 00:17:10,080 --> 00:17:12,120 Speaker 5: do before we actually start setting goals. 397 00:17:12,320 --> 00:17:14,199 Speaker 2: I think it's a really good thing to have a 398 00:17:14,280 --> 00:17:17,720 Speaker 2: framework around goal setting. So obviously inside She's on the Money, 399 00:17:17,720 --> 00:17:20,280 Speaker 2: we use the She's on the Money goal setting framework. 400 00:17:20,359 --> 00:17:23,040 Speaker 2: So we want to be specific about the goals that 401 00:17:23,119 --> 00:17:26,359 Speaker 2: we are setting, so clearly defining it. We're not just saying, 402 00:17:26,880 --> 00:17:30,720 Speaker 2: you know, I want to save more money. You're saying 403 00:17:31,200 --> 00:17:34,000 Speaker 2: I want to be able to save ten dollars every 404 00:17:34,040 --> 00:17:36,960 Speaker 2: single week for the next twelve months. Like we are 405 00:17:37,000 --> 00:17:42,160 Speaker 2: being very specific. Beck the next is O so SotM 406 00:17:42,520 --> 00:17:46,720 Speaker 2: it's revolutionary watch out. But that's optimistic. So like we 407 00:17:46,840 --> 00:17:51,000 Speaker 2: need to really focus on mindset. So are we optimistic 408 00:17:51,000 --> 00:17:54,080 Speaker 2: about this goal? Are we passionate? Are we excited? Are 409 00:17:54,119 --> 00:17:56,840 Speaker 2: we actually wanting to do this? It's kind of like 410 00:17:56,880 --> 00:17:59,159 Speaker 2: a check in point because sometimes we set goals that 411 00:17:59,200 --> 00:18:02,200 Speaker 2: we quote think should set, not goals that we actually 412 00:18:02,240 --> 00:18:05,000 Speaker 2: want to set. True, so are we being optimistic? Are 413 00:18:05,040 --> 00:18:09,000 Speaker 2: we positive about this? Is this framed correctly goes back 414 00:18:09,080 --> 00:18:12,159 Speaker 2: to you know, people talking a lot about weight loss 415 00:18:12,240 --> 00:18:15,000 Speaker 2: and stuff like that. Are you optimistic about this or 416 00:18:15,000 --> 00:18:17,359 Speaker 2: are you just feeling like pretty negative? And that's probably 417 00:18:17,400 --> 00:18:20,159 Speaker 2: a really terrible goal to set for yourself. Like is 418 00:18:20,200 --> 00:18:24,479 Speaker 2: your mindset okay in this moment? T? So T is 419 00:18:24,640 --> 00:18:29,000 Speaker 2: time bound, So setting a realistic time frame for something, 420 00:18:29,440 --> 00:18:32,080 Speaker 2: and to do this we often have to work backwards. 421 00:18:32,440 --> 00:18:34,359 Speaker 2: So is there a date we're working towards? So if 422 00:18:34,400 --> 00:18:36,320 Speaker 2: you say the I really want to have ten thousand 423 00:18:36,320 --> 00:18:38,440 Speaker 2: dollars in my savings account by the end of the year, 424 00:18:38,760 --> 00:18:42,600 Speaker 2: big goal, Beck, possible, I'm excited for you. But if 425 00:18:42,640 --> 00:18:45,040 Speaker 2: you said to me v I want to save ten 426 00:18:45,080 --> 00:18:49,680 Speaker 2: thousand dollars this year, great, Beck? Is it time bound? 427 00:18:49,720 --> 00:18:51,200 Speaker 2: What days are we having this by? 428 00:18:52,080 --> 00:18:52,359 Speaker 5: Right? 429 00:18:52,440 --> 00:18:55,080 Speaker 2: What does that look like? Where's that ten thousand dollars 430 00:18:55,119 --> 00:18:59,360 Speaker 2: coming from? Which leads into m which is measurable? And 431 00:18:59,400 --> 00:19:03,040 Speaker 2: that's can we measure that goal? So like, if you 432 00:19:03,160 --> 00:19:04,960 Speaker 2: get to let's say you want it by the thirtieth 433 00:19:05,000 --> 00:19:06,560 Speaker 2: of December next year and you're going to start on 434 00:19:06,600 --> 00:19:09,760 Speaker 2: the first of January, how are we measuring that? Are 435 00:19:09,760 --> 00:19:12,640 Speaker 2: we going to break down that goal? Is it actually achievable? 436 00:19:12,760 --> 00:19:14,760 Speaker 2: So like if you told me they want to save 437 00:19:14,840 --> 00:19:17,399 Speaker 2: ten grand. Okay, beck, do you have eight hundred and 438 00:19:17,440 --> 00:19:21,040 Speaker 2: thirty three dollars a month to save? But like ten 439 00:19:21,080 --> 00:19:21,720 Speaker 2: thousand dollars? 440 00:19:21,800 --> 00:19:21,919 Speaker 1: Right? 441 00:19:21,920 --> 00:19:24,400 Speaker 2: If you set that goal, you go, all right, well, 442 00:19:24,400 --> 00:19:26,560 Speaker 2: that doesn't seem too big over twelve months, I'll break 443 00:19:26,560 --> 00:19:28,600 Speaker 2: it down into smaller chunks. All right, Well, that means 444 00:19:28,600 --> 00:19:32,200 Speaker 2: eight hundred and thirty three dollars a month. Sure, can 445 00:19:32,240 --> 00:19:33,960 Speaker 2: you do that? And you might go, oh, that feels 446 00:19:34,000 --> 00:19:36,760 Speaker 2: like a lot. Let's contextualize it a little bit more. 447 00:19:37,000 --> 00:19:39,960 Speaker 2: There are fifty two weeks in a year. Back that 448 00:19:40,040 --> 00:19:42,919 Speaker 2: means you would need to save about one hundred and 449 00:19:43,000 --> 00:19:47,439 Speaker 2: ninety two dollars every week to achieve ten thousand dollars. 450 00:19:47,960 --> 00:19:50,480 Speaker 2: Can we do that? You might go, oh, I actually 451 00:19:50,520 --> 00:19:52,359 Speaker 2: don't have one hundred and ninety two dollars in my 452 00:19:52,400 --> 00:19:56,080 Speaker 2: budget each week. I could probably like do like half 453 00:19:56,160 --> 00:19:58,760 Speaker 2: of that. I could probably do like one hundred dollars 454 00:19:58,800 --> 00:20:02,400 Speaker 2: a week, So maybe like ninety six bucks a week. Okay, Well, 455 00:20:02,400 --> 00:20:05,119 Speaker 2: maybe our goal needs to change to five thousand dollars 456 00:20:05,119 --> 00:20:09,160 Speaker 2: by the end of the year. Let's set measurable goals 457 00:20:09,520 --> 00:20:12,440 Speaker 2: that we know we can achieve. Because if you set 458 00:20:12,440 --> 00:20:14,720 Speaker 2: a goal like ten thousand dollars and you don't have 459 00:20:14,800 --> 00:20:17,120 Speaker 2: that free cash flow. Do you know what's gonna happen 460 00:20:17,200 --> 00:20:21,359 Speaker 2: on the thirtieth of December. You're going to feel like trash. 461 00:20:21,600 --> 00:20:25,280 Speaker 2: You're gonna tell yourself this narrative of I'm not good 462 00:20:25,280 --> 00:20:28,280 Speaker 2: at money, beck, I suck at money. I tried to 463 00:20:28,320 --> 00:20:31,000 Speaker 2: save ten thousand dollars this year and it just never happens. 464 00:20:31,240 --> 00:20:33,280 Speaker 2: I do it all the time, like I set these 465 00:20:33,320 --> 00:20:35,520 Speaker 2: goals and then I can't achieve them because I'm not 466 00:20:35,640 --> 00:20:38,399 Speaker 2: good with money. Becky, you're not good with money or 467 00:20:38,440 --> 00:20:41,359 Speaker 2: you're just not good with planning because I think not 468 00:20:41,440 --> 00:20:43,680 Speaker 2: you personally don't look at me like I'm attacking you, 469 00:20:44,600 --> 00:20:47,639 Speaker 2: but like, if you set that goal of ten thousand 470 00:20:47,720 --> 00:20:50,240 Speaker 2: dollars but we actually hadn't broken it down and looked 471 00:20:50,240 --> 00:20:52,720 Speaker 2: at whether it was feasible for you or not, you're 472 00:20:52,760 --> 00:20:55,400 Speaker 2: just gonna set yourself up for failure and you're gonna 473 00:20:55,400 --> 00:20:58,840 Speaker 2: feel like trash. Why don't we set a reasonable goal 474 00:20:58,960 --> 00:21:02,320 Speaker 2: for the financial circuitcumstances that you're in so that when 475 00:21:02,400 --> 00:21:04,960 Speaker 2: you achieve it, it can validate that you are good 476 00:21:05,000 --> 00:21:07,360 Speaker 2: at money. Beck All you have to do is put 477 00:21:07,359 --> 00:21:09,639 Speaker 2: a plan in place, put your mind to it, and 478 00:21:09,680 --> 00:21:12,399 Speaker 2: we can do it. A lot of people might be 479 00:21:12,400 --> 00:21:14,240 Speaker 2: in the position where they're thinking that there's no way 480 00:21:14,280 --> 00:21:16,600 Speaker 2: I can save ten grand this year, and I go, 481 00:21:16,720 --> 00:21:19,720 Speaker 2: that's fine, but there might be some more creative ways 482 00:21:19,720 --> 00:21:22,200 Speaker 2: that you want to do that. So maybe you looked 483 00:21:22,200 --> 00:21:24,240 Speaker 2: at me before and you were eight hundred and thirty 484 00:21:24,240 --> 00:21:27,520 Speaker 2: three bucks a month. Absolutely not technic, but you might 485 00:21:27,560 --> 00:21:29,679 Speaker 2: still be like, but I really want to save ten grand. 486 00:21:30,160 --> 00:21:33,600 Speaker 2: Just be creative. Do you get a second job? If 487 00:21:33,600 --> 00:21:35,560 Speaker 2: you've got a second job, how many hours would you 488 00:21:35,600 --> 00:21:37,800 Speaker 2: need to do it that second job to get about 489 00:21:37,800 --> 00:21:40,480 Speaker 2: eight hundred bucks a month? In addition? What could that 490 00:21:40,520 --> 00:21:42,960 Speaker 2: look like? Could we you know, every month? 491 00:21:43,080 --> 00:21:43,240 Speaker 1: Go? 492 00:21:43,320 --> 00:21:45,399 Speaker 2: All right? Well, I might have, you know, a little 493 00:21:45,400 --> 00:21:48,560 Speaker 2: cafe job in addition. But then are there things I 494 00:21:48,600 --> 00:21:51,040 Speaker 2: could sell? Other things I could do? Do I have 495 00:21:51,080 --> 00:21:53,280 Speaker 2: a friend who owns a cafe like you? Do you 496 00:21:53,320 --> 00:21:54,919 Speaker 2: work at your friend's cafe occasionally? 497 00:21:55,000 --> 00:21:55,240 Speaker 4: Yes? 498 00:21:55,320 --> 00:21:57,320 Speaker 2: Could I go and you know, do a few shifts 499 00:21:57,320 --> 00:22:00,760 Speaker 2: there to like bulk that up? R? Does that look 500 00:22:00,840 --> 00:22:03,240 Speaker 2: like for you? So let's make it realistic and time 501 00:22:03,320 --> 00:22:06,680 Speaker 2: bound so that we actually get to achieve these things. Yeah, 502 00:22:06,760 --> 00:22:09,800 Speaker 2: because there's nothing more disheartening than setting a goal, not 503 00:22:09,840 --> 00:22:12,280 Speaker 2: achieving it and thinking it was your fault because you're 504 00:22:12,320 --> 00:22:14,879 Speaker 2: not good enough. That's not how it works. 505 00:22:15,000 --> 00:22:17,400 Speaker 5: Yeah, totally, that makes so much sense. But I think 506 00:22:17,440 --> 00:22:18,720 Speaker 5: let's sit on that for a second. Let's go for 507 00:22:18,720 --> 00:22:21,960 Speaker 5: a quick break, but don't go anywhere, because after the break, 508 00:22:22,080 --> 00:22:24,280 Speaker 5: VD is going to give us her top tips for 509 00:22:24,400 --> 00:22:26,520 Speaker 5: kicking your New Year finance goals. 510 00:22:31,560 --> 00:22:32,600 Speaker 4: Welcome back everyone. 511 00:22:32,720 --> 00:22:35,000 Speaker 5: We are talking a new year, new you in this 512 00:22:35,119 --> 00:22:38,119 Speaker 5: final Wednesday with She's on the money for the years. 513 00:22:38,920 --> 00:22:40,080 Speaker 4: I know it is really sad. 514 00:22:40,080 --> 00:22:41,359 Speaker 2: How's at the end of the year. 515 00:22:41,600 --> 00:22:42,920 Speaker 4: What are we going to do with ourselves? 516 00:22:43,119 --> 00:22:44,960 Speaker 2: Not even joking every time you say that, I'm like, 517 00:22:45,000 --> 00:22:47,240 Speaker 2: il David, Il sad. 518 00:22:47,840 --> 00:22:50,080 Speaker 5: But don't be too sad, because VD, we want to 519 00:22:50,119 --> 00:22:52,240 Speaker 5: know what are your top tips for kicking your New 520 00:22:52,320 --> 00:22:53,560 Speaker 5: year finance goals? 521 00:22:53,760 --> 00:22:56,120 Speaker 2: Right, so you are not going to be surprised. We're 522 00:22:56,119 --> 00:22:59,080 Speaker 2: going to make it as easy as possible. Thank you 523 00:22:59,160 --> 00:23:01,840 Speaker 2: to smash twenty twenty four and make it your best 524 00:23:01,880 --> 00:23:05,200 Speaker 2: year yet. Cannot wait for it because I'm also planning 525 00:23:05,200 --> 00:23:06,919 Speaker 2: on making it my best year yet. So I just 526 00:23:06,920 --> 00:23:09,800 Speaker 2: feel like as a team, as a community, we should 527 00:23:09,840 --> 00:23:12,160 Speaker 2: all be on board. Yes, we're gonna have the best 528 00:23:12,200 --> 00:23:14,880 Speaker 2: year ever. I think we will by doing the following things. 529 00:23:15,000 --> 00:23:17,800 Speaker 2: Ah again, So first thing first, we're going to decide 530 00:23:17,840 --> 00:23:21,080 Speaker 2: what we actually want to achieve. January clean slate. As 531 00:23:21,080 --> 00:23:23,280 Speaker 2: you were saying before, it is the perfect time to 532 00:23:23,359 --> 00:23:27,200 Speaker 2: take stock of where we're at financially, particularly because we've 533 00:23:27,240 --> 00:23:30,760 Speaker 2: just gone through like that post December like bills role 534 00:23:30,880 --> 00:23:33,480 Speaker 2: that's just come through the month. Yeah, and it's like 535 00:23:33,560 --> 00:23:35,760 Speaker 2: at the end of a quarter, so like you're gonna 536 00:23:35,800 --> 00:23:37,840 Speaker 2: get your bills, you're gonna get your bader, you're gonna 537 00:23:37,840 --> 00:23:41,320 Speaker 2: get your electricity. So like, now's the time to really 538 00:23:41,320 --> 00:23:44,160 Speaker 2: sit down and go new year. Knew me. We're gonna 539 00:23:44,200 --> 00:23:46,640 Speaker 2: set some goals. So perhaps you would like to start 540 00:23:46,680 --> 00:23:49,440 Speaker 2: paying off some more debt, or commence a savings plan 541 00:23:49,520 --> 00:23:52,280 Speaker 2: for a new car, or maybe a holiday or you know, 542 00:23:52,359 --> 00:23:54,480 Speaker 2: you might want to go to Meredith this year that yes, 543 00:23:54,720 --> 00:23:56,399 Speaker 2: you might actually go you know what, that's on my 544 00:23:56,480 --> 00:23:58,520 Speaker 2: goals list. I didn't get to do it last year. 545 00:23:58,840 --> 00:24:02,639 Speaker 2: Let's make a clean, clean budget and automate our transfers 546 00:24:02,680 --> 00:24:05,040 Speaker 2: so that you know, maybe five bucks every week or 547 00:24:05,040 --> 00:24:07,560 Speaker 2: every couple of days goes from your account into a 548 00:24:07,560 --> 00:24:09,639 Speaker 2: different account, and then we know you're not going to 549 00:24:09,680 --> 00:24:10,080 Speaker 2: miss out. 550 00:24:10,200 --> 00:24:11,480 Speaker 4: It's actually a really good year. 551 00:24:11,680 --> 00:24:14,640 Speaker 2: But like, isn't that exciting to go, Oh, I can 552 00:24:14,640 --> 00:24:17,480 Speaker 2: set this goal, especially because you missed out on Meredith 553 00:24:17,600 --> 00:24:20,600 Speaker 2: this year. Set a goal will be like, actually, what's 554 00:24:20,640 --> 00:24:22,760 Speaker 2: Meredith going to cost me? Like a couple hundred bucks 555 00:24:22,760 --> 00:24:24,480 Speaker 2: for the ticket, a couple of hundred bucks for accommodation, 556 00:24:24,520 --> 00:24:27,080 Speaker 2: et cetera, et cetera. You've got heaps of time to 557 00:24:27,160 --> 00:24:30,040 Speaker 2: plan so that it doesn't knock you about. When it 558 00:24:30,080 --> 00:24:31,920 Speaker 2: pops up, you'll be like, oh my gosh, I actually 559 00:24:31,960 --> 00:24:34,440 Speaker 2: have a separate saver for this. It's going to happen, 560 00:24:34,520 --> 00:24:35,560 Speaker 2: and I deserve it. 561 00:24:35,720 --> 00:24:37,160 Speaker 4: Yes, it will feel free as well. 562 00:24:37,359 --> 00:24:41,240 Speaker 2: Exactly exactly. That's girl, math girl, your genius is. But 563 00:24:41,560 --> 00:24:45,520 Speaker 2: the same thing can happen there for Christmas time. If 564 00:24:45,560 --> 00:24:48,159 Speaker 2: you were really stressed at Christmas this year, now is 565 00:24:48,240 --> 00:24:50,760 Speaker 2: the time to do a little bit of reflecting and go, well, 566 00:24:50,760 --> 00:24:53,200 Speaker 2: how much did I spend? Did you spend five hundred dollars? 567 00:24:53,280 --> 00:24:56,240 Speaker 2: Did you spend one thousand dollars? Can we start popping 568 00:24:56,280 --> 00:25:00,720 Speaker 2: some cash aside today before the end of the year 569 00:25:01,240 --> 00:25:03,879 Speaker 2: so next year is not nearly as financially stressful as 570 00:25:03,880 --> 00:25:06,560 Speaker 2: it was this year. Yeah, like, you can set yourself 571 00:25:06,640 --> 00:25:09,679 Speaker 2: up now. But if we are trying to set ourselves up, 572 00:25:09,720 --> 00:25:11,240 Speaker 2: you know, if it was the start of December and 573 00:25:11,280 --> 00:25:14,080 Speaker 2: you're like, wow, Christmas is in a month, scraping together 574 00:25:14,119 --> 00:25:16,760 Speaker 2: an extra one thousand dollars, if that's what you needed, 575 00:25:17,520 --> 00:25:19,840 Speaker 2: it's not gonna help. It's gonna make you depressed, it's 576 00:25:19,880 --> 00:25:22,119 Speaker 2: gonna make you feel really icky. But we can do 577 00:25:22,200 --> 00:25:24,560 Speaker 2: that right now. In fact, if you started in the 578 00:25:24,600 --> 00:25:27,359 Speaker 2: first week of January and you said to yourself, all 579 00:25:27,400 --> 00:25:30,240 Speaker 2: right on a thousand dollars by Christmas next year, I'm 580 00:25:30,240 --> 00:25:32,959 Speaker 2: gonna set up a separate, like little Christmas savings account, 581 00:25:33,080 --> 00:25:37,600 Speaker 2: can't touch it, automate a transfer of twenty bucks a week. Okay, 582 00:25:37,880 --> 00:25:41,080 Speaker 2: thousand dollars at Christmas time. That seems doable, right, And 583 00:25:41,119 --> 00:25:43,000 Speaker 2: if it's automated out of sight, out. 584 00:25:42,800 --> 00:25:44,399 Speaker 4: Of mind, Yes, that's what we need. 585 00:25:44,520 --> 00:25:46,879 Speaker 2: I've seen you spend more than twenty bucks in a 586 00:25:46,880 --> 00:25:51,760 Speaker 2: week on coffee before bet, so like, that's not unachievable, right, 587 00:25:51,800 --> 00:25:54,399 Speaker 2: So decide what you want to achieve. The next is 588 00:25:54,440 --> 00:25:57,919 Speaker 2: to take stock of your current spending. Essentially with the 589 00:25:57,960 --> 00:26:00,600 Speaker 2: excess of the festive season, just wrapping up and probably 590 00:26:00,640 --> 00:26:03,119 Speaker 2: still very fresh in your mind. The new year is 591 00:26:03,160 --> 00:26:06,880 Speaker 2: the perfect time to take control of your current spending habits. 592 00:26:07,119 --> 00:26:09,200 Speaker 2: So whether that is just setting up a new little 593 00:26:09,240 --> 00:26:11,640 Speaker 2: account with an automatic transfer suit that you're not stressed 594 00:26:11,640 --> 00:26:15,600 Speaker 2: next Christmas, or taking some time to work out exactly 595 00:26:15,680 --> 00:26:18,119 Speaker 2: where your money is being spent, which I think is 596 00:26:18,200 --> 00:26:21,919 Speaker 2: really really important. Obviously, a great place to start is 597 00:26:21,960 --> 00:26:24,840 Speaker 2: with I guess a recent bank statement, going through that, 598 00:26:25,200 --> 00:26:28,000 Speaker 2: making sure that you list out each transaction that's happened. 599 00:26:28,119 --> 00:26:31,240 Speaker 2: We're not judging ourselves, but looking at what you're actually 600 00:26:31,280 --> 00:26:33,440 Speaker 2: spending in a month or a quarter or even over 601 00:26:33,480 --> 00:26:35,760 Speaker 2: the year is going to help. Here's where I'm going 602 00:26:35,800 --> 00:26:38,399 Speaker 2: to tell you about my very shiny money master class 603 00:26:38,440 --> 00:26:41,199 Speaker 2: that I do. So it's online, you can go and 604 00:26:41,240 --> 00:26:44,080 Speaker 2: sign up now. In fact, we'll do a little discount. 605 00:26:44,080 --> 00:26:45,879 Speaker 2: We'll put it in the show notes so you don't 606 00:26:45,880 --> 00:26:49,840 Speaker 2: miss out. But Pod five zero, so Pod fifty we'll 607 00:26:49,840 --> 00:26:51,000 Speaker 2: get you fifty bucks off. 608 00:26:51,080 --> 00:26:51,960 Speaker 4: That is very kind. 609 00:26:52,320 --> 00:26:55,600 Speaker 2: I know, it's also really great marketing for my business. Yeah, Like, 610 00:26:55,640 --> 00:26:58,760 Speaker 2: if we're being honest, But the reason I'm plugging the 611 00:26:58,880 --> 00:27:02,159 Speaker 2: money master Class here is we go through how to 612 00:27:02,240 --> 00:27:05,159 Speaker 2: do a proper bank account audit, how to set up 613 00:27:05,200 --> 00:27:07,800 Speaker 2: your spending, how to get through those I guess mind 614 00:27:07,920 --> 00:27:10,240 Speaker 2: blocks of you know, am I good enough? Am I 615 00:27:10,280 --> 00:27:12,360 Speaker 2: not good enough? Having a look at where your spending 616 00:27:12,400 --> 00:27:15,000 Speaker 2: habits have come from in your money story. And then 617 00:27:15,080 --> 00:27:19,080 Speaker 2: it's the most comprehensive spreadsheet. It's obviously on Excel or 618 00:27:19,160 --> 00:27:22,639 Speaker 2: Google sheets, really accessible. And also if you're not good 619 00:27:22,680 --> 00:27:25,520 Speaker 2: at Google sheets or Excel, don't worry. It's actually all automated. 620 00:27:25,640 --> 00:27:28,240 Speaker 2: I've locked everything there so you can't mess it up. 621 00:27:28,400 --> 00:27:28,960 Speaker 4: She's good. 622 00:27:29,119 --> 00:27:31,880 Speaker 2: I just can't trust everyone, you know, so you can 623 00:27:31,920 --> 00:27:35,399 Speaker 2: customize it. But it will essentially take you through your budget, 624 00:27:35,480 --> 00:27:37,640 Speaker 2: so what are you spending? And then it will tell 625 00:27:37,680 --> 00:27:39,800 Speaker 2: you what surplus you have and it will help you 626 00:27:39,880 --> 00:27:43,040 Speaker 2: allocate to Okay, well you've got excess this year or 627 00:27:43,200 --> 00:27:46,160 Speaker 2: coming into the new financial year of maybe ten thousand 628 00:27:46,200 --> 00:27:48,800 Speaker 2: dollars in your budget? Sure, what are now your goals? 629 00:27:48,880 --> 00:27:50,760 Speaker 2: So it'll ask you what your goals are and you 630 00:27:50,760 --> 00:27:53,840 Speaker 2: can pop them together. Then my favorite part about it 631 00:27:53,920 --> 00:27:55,760 Speaker 2: is the bank account structure. So it's not going to 632 00:27:55,840 --> 00:27:58,280 Speaker 2: tell you what bank to use, because that would be 633 00:27:58,320 --> 00:28:01,160 Speaker 2: wildly unethical and it would change. It would obviously depend 634 00:28:01,200 --> 00:28:04,040 Speaker 2: on you personally, but it will tell you have this 635 00:28:04,240 --> 00:28:07,880 Speaker 2: bank account specifically and have this money going into here, 636 00:28:08,000 --> 00:28:10,960 Speaker 2: and then because of your goals, you need to put 637 00:28:11,160 --> 00:28:13,640 Speaker 2: X in these bank accounts each week or month or 638 00:28:13,800 --> 00:28:15,840 Speaker 2: you know, fortnite or whatever works for you, because it's 639 00:28:15,880 --> 00:28:18,760 Speaker 2: all changeable, but it will make sure that you're actually 640 00:28:18,800 --> 00:28:22,400 Speaker 2: achieving the goals that you're setting because you're literally setting 641 00:28:22,400 --> 00:28:25,320 Speaker 2: a plan up for success. So it's not going to 642 00:28:25,440 --> 00:28:28,080 Speaker 2: leave you high and dry. You're looking at me confused. 643 00:28:28,680 --> 00:28:30,919 Speaker 2: I'm going to give it to you obviously, and you 644 00:28:30,960 --> 00:28:34,280 Speaker 2: can do it as well. But I think that you know, 645 00:28:34,359 --> 00:28:36,960 Speaker 2: taking stock of your spending and that obviously leads into 646 00:28:37,040 --> 00:28:40,720 Speaker 2: my second one of actually keeping a realistic budget. It 647 00:28:40,880 --> 00:28:43,600 Speaker 2: just makes sense to have a really structured approach to that, 648 00:28:43,720 --> 00:28:45,800 Speaker 2: especially if you've never done it before. Yeah, because it 649 00:28:45,800 --> 00:28:49,320 Speaker 2: can feel overwhelming, and like if you're thinking that going 650 00:28:49,360 --> 00:28:51,880 Speaker 2: and sitting down and writing out a budget of what 651 00:28:51,920 --> 00:28:53,800 Speaker 2: you're spending and what you're hoping to spend is going 652 00:28:53,880 --> 00:28:56,440 Speaker 2: to do it. It's not. You need the follow through 653 00:28:56,480 --> 00:28:59,240 Speaker 2: of well, what does my banking structure then look? Like 654 00:28:59,320 --> 00:29:01,440 Speaker 2: how much money it comes into my account. How much 655 00:29:01,480 --> 00:29:04,280 Speaker 2: money goes out of my account? What does that look like? 656 00:29:04,680 --> 00:29:07,200 Speaker 2: And how do I control it? Because back, how many 657 00:29:07,200 --> 00:29:09,760 Speaker 2: times have you sat down and written down all your expenses? 658 00:29:09,920 --> 00:29:11,440 Speaker 4: Maybe once in my entire life. 659 00:29:11,800 --> 00:29:14,480 Speaker 2: You are the worst example here. But if you were 660 00:29:14,560 --> 00:29:16,840 Speaker 2: to then you might go, oh, I'm spending too much 661 00:29:16,880 --> 00:29:19,760 Speaker 2: on groceries. I want to spend less. Sure, how are 662 00:29:19,760 --> 00:29:22,880 Speaker 2: you actually implementing that? It's not going to help, so 663 00:29:23,360 --> 00:29:26,800 Speaker 2: set a realistic budget. The next is, Baby, it's time 664 00:29:26,840 --> 00:29:29,880 Speaker 2: to consolidate your debts. Yep, it is time to have 665 00:29:29,920 --> 00:29:32,160 Speaker 2: a look at your debt with your head not in 666 00:29:32,200 --> 00:29:35,160 Speaker 2: the sand. So if you're paying off several personal loans 667 00:29:35,240 --> 00:29:38,400 Speaker 2: or credit card balances at once, you're probably finding it 668 00:29:38,440 --> 00:29:41,720 Speaker 2: really difficult to juggle different payments. It gets overwhelming. Beck, 669 00:29:41,760 --> 00:29:44,040 Speaker 2: you've spoken on the podcast before about how this has 670 00:29:44,040 --> 00:29:47,640 Speaker 2: given you mad anxiety. Yes, consolidating your debts into a 671 00:29:47,680 --> 00:29:50,800 Speaker 2: single loan might I'm not saying guaranteed, but it might 672 00:29:50,840 --> 00:29:53,440 Speaker 2: be an option for you, and it might make budgeting 673 00:29:53,480 --> 00:29:56,600 Speaker 2: easier and it could potentially save you money on interest 674 00:29:56,680 --> 00:29:59,840 Speaker 2: and fees. So giving you just I guess one payment 675 00:30:00,000 --> 00:30:02,920 Speaker 2: every single month to pay instead of multiple across the 676 00:30:02,920 --> 00:30:06,520 Speaker 2: board if you're in that circumstance is going to help. Yeah, 677 00:30:06,840 --> 00:30:09,120 Speaker 2: and it just takes the mental load off as well. 678 00:30:09,320 --> 00:30:11,680 Speaker 2: Having a chat to someone about it, making sure that 679 00:30:11,880 --> 00:30:14,200 Speaker 2: you know you're not alone on this is more. 680 00:30:14,080 --> 00:30:15,280 Speaker 4: Important makes you feel good. 681 00:30:15,440 --> 00:30:17,320 Speaker 5: Like in my experience, like even when I called someone 682 00:30:17,320 --> 00:30:19,880 Speaker 5: to ask about consolidating loans, when the person on the 683 00:30:19,880 --> 00:30:23,200 Speaker 5: outer line didn't scream at the idea of the debts 684 00:30:23,240 --> 00:30:25,040 Speaker 5: that I had, They were just kind of like, yeah, okay, 685 00:30:25,040 --> 00:30:25,920 Speaker 5: well blah blah. 686 00:30:25,720 --> 00:30:27,160 Speaker 2: Blah, like they still without every day. 687 00:30:27,280 --> 00:30:29,520 Speaker 4: Hey, that was so nice. 688 00:30:29,520 --> 00:30:32,479 Speaker 2: That's liliberating. It makes you feel, I guess, empowered and 689 00:30:32,480 --> 00:30:33,600 Speaker 2: that it's not you. 690 00:30:34,000 --> 00:30:36,160 Speaker 5: Yeah, and it's like, oh, there surely are other people 691 00:30:36,240 --> 00:30:37,120 Speaker 5: out there in this case. 692 00:30:38,920 --> 00:30:42,840 Speaker 2: I'm telling you right now, debt consolidation loans exist because 693 00:30:43,040 --> 00:30:46,560 Speaker 2: lots of people, Beck experience debt? Yes, Does it make 694 00:30:46,560 --> 00:30:50,800 Speaker 2: you a bad person, Beck, I would not think so. Exactly, 695 00:30:50,920 --> 00:30:54,480 Speaker 2: absolutely not. The next you're never going to see this coming, 696 00:30:55,000 --> 00:30:58,000 Speaker 2: sit down. I want you to have an emergency fund. Okay, 697 00:30:58,240 --> 00:31:00,560 Speaker 2: start building an emergency fund. If you don't have one. 698 00:31:00,640 --> 00:31:03,600 Speaker 2: If you have one, revisited, is it still enough we 699 00:31:03,680 --> 00:31:05,760 Speaker 2: have just gone through or are still in a cost 700 00:31:05,800 --> 00:31:09,120 Speaker 2: of living crisis. Your emergency fund might need a little 701 00:31:09,120 --> 00:31:12,360 Speaker 2: bit of a bump up. This could feel really overwhelming 702 00:31:12,400 --> 00:31:14,600 Speaker 2: hearing this right now, because you probably dug into your 703 00:31:14,600 --> 00:31:17,680 Speaker 2: emergency fund in the last few months. So don't worry 704 00:31:17,760 --> 00:31:20,560 Speaker 2: if it's looking a little less healthy than it was once. 705 00:31:21,280 --> 00:31:24,360 Speaker 2: This is just a season of life back Sometimes money 706 00:31:24,360 --> 00:31:27,480 Speaker 2: and finances are really hard. Sometimes they ease up a 707 00:31:27,520 --> 00:31:29,880 Speaker 2: bit and become really easy, and then they might go 708 00:31:30,000 --> 00:31:32,280 Speaker 2: back to hard. This is a season of life. It's 709 00:31:32,280 --> 00:31:37,120 Speaker 2: not reflective of your ability to manage money, but keeping 710 00:31:37,160 --> 00:31:40,760 Speaker 2: your emergency fund as a priority is really really important. 711 00:31:41,360 --> 00:31:45,240 Speaker 2: The next this is sexy. It's it's not Eve going 712 00:31:45,320 --> 00:31:48,360 Speaker 2: to review all your PaperWorks. Oh sorry, you can have 713 00:31:48,440 --> 00:31:50,160 Speaker 2: like a little cheeky glass of wine, or, if you're 714 00:31:50,200 --> 00:31:53,480 Speaker 2: in my situation, a really nice peppermint tea. Set yourself 715 00:31:53,520 --> 00:31:55,400 Speaker 2: a little date night. You know what, I'm giving you 716 00:31:55,440 --> 00:31:59,800 Speaker 2: permission you can get takeaway. Oh yes, you takeaway right. 717 00:32:00,440 --> 00:32:02,520 Speaker 2: And we're going to start with insurances. Do you have 718 00:32:02,560 --> 00:32:05,400 Speaker 2: life insurance, house insurance, car insurance? Are they all up 719 00:32:05,400 --> 00:32:07,600 Speaker 2: to date? When was the last time you reviewed your 720 00:32:07,600 --> 00:32:11,600 Speaker 2: car insurance? Get online compare a few different car insurance quotes. 721 00:32:11,680 --> 00:32:13,920 Speaker 2: I guarantee you'll probably save a couple of hundred bucks 722 00:32:13,960 --> 00:32:18,560 Speaker 2: by moving car insurance companies because they're all just reissuing 723 00:32:18,600 --> 00:32:21,120 Speaker 2: their car insurance statements at this point in the year. 724 00:32:21,760 --> 00:32:24,440 Speaker 2: And you know what you can do. Better, go save 725 00:32:24,440 --> 00:32:26,880 Speaker 2: yourself a couple of hundred bucks. I promise the takeaway 726 00:32:26,880 --> 00:32:29,479 Speaker 2: will be worth it. Make sure that you're adequately covered. 727 00:32:29,560 --> 00:32:32,400 Speaker 2: Are your premiums actually appropriate for the amount of cover 728 00:32:32,520 --> 00:32:37,240 Speaker 2: that you're getting. Assess your superannuation and if you haven't before, Beck, 729 00:32:37,560 --> 00:32:41,160 Speaker 2: nominate your beneficiary. Okay, do you ever know what that means? 730 00:32:41,160 --> 00:32:42,840 Speaker 2: You're looking at me like, what the heck can. 731 00:32:42,800 --> 00:32:44,600 Speaker 4: Why do you remember this from Super days? 732 00:32:44,800 --> 00:32:46,920 Speaker 2: Yes, so it's essentially what happens when you die. Beck, 733 00:32:46,960 --> 00:32:49,760 Speaker 2: who's going to take it over? Nominate that person. Make 734 00:32:49,880 --> 00:32:52,680 Speaker 2: your financial life not be a burden on your family 735 00:32:52,720 --> 00:32:55,280 Speaker 2: if something were to happen to you. Is your will 736 00:32:55,320 --> 00:32:58,840 Speaker 2: up to date or have your circumstances changed? Recently we 737 00:32:58,960 --> 00:33:01,120 Speaker 2: have had to go and read our wills, so Steve 738 00:33:01,160 --> 00:33:03,280 Speaker 2: and I because we now have a baby that we're 739 00:33:03,320 --> 00:33:06,200 Speaker 2: going to have to think about. Oh, isn't that scary? Yeah, 740 00:33:06,280 --> 00:33:09,480 Speaker 2: So I'm looking at my life insurance, going ah, that's 741 00:33:09,560 --> 00:33:11,840 Speaker 2: not going to be enough to sustain a whole other 742 00:33:11,960 --> 00:33:15,400 Speaker 2: human being who doesn't have an income. Sure, So if 743 00:33:15,480 --> 00:33:17,160 Speaker 2: you are looking at that and going, oh, I'm so 744 00:33:17,280 --> 00:33:20,480 Speaker 2: overwhelmed with life insurance and you know, TPD and all 745 00:33:20,520 --> 00:33:23,800 Speaker 2: of those fun things, Sky Wealth is who you want 746 00:33:23,840 --> 00:33:26,240 Speaker 2: to talk to. Obviously, this is a not so subtle 747 00:33:26,240 --> 00:33:29,160 Speaker 2: plug for my friend Phil. Take it or leave it. 748 00:33:29,320 --> 00:33:31,640 Speaker 2: Go see any financial advisor you want. The reason I 749 00:33:31,680 --> 00:33:34,120 Speaker 2: like Phil is he only does insurances, So you're not 750 00:33:34,240 --> 00:33:36,800 Speaker 2: going to go and have someone be like, oh, hello, Beck, 751 00:33:36,880 --> 00:33:39,480 Speaker 2: you came for insurances. Can I upsell you to look 752 00:33:39,520 --> 00:33:42,760 Speaker 2: at your superannuation? Can I make a fancy investment plan? 753 00:33:43,080 --> 00:33:45,360 Speaker 2: Can I charge you thousands of dollars the stuff you 754 00:33:45,400 --> 00:33:47,760 Speaker 2: didn't ask me for? He doesn't do that. He just 755 00:33:47,840 --> 00:33:51,160 Speaker 2: has a very low fee for his statement of advice. 756 00:33:51,280 --> 00:33:54,440 Speaker 2: He only does insurances, and he's who my husband and 757 00:33:54,480 --> 00:33:56,560 Speaker 2: I go through and I've had a really positive experience, 758 00:33:56,560 --> 00:33:58,480 Speaker 2: and I know you will too if you chose that. 759 00:33:59,160 --> 00:34:01,840 Speaker 2: But if you don't want to work with Phil, that's fine. 760 00:34:02,360 --> 00:34:05,880 Speaker 2: Go work with anybody to get your insurances sorted, because 761 00:34:05,920 --> 00:34:09,799 Speaker 2: it is so damn important. You can get matched on 762 00:34:10,080 --> 00:34:13,080 Speaker 2: that she's on the Money website with a financial advisor 763 00:34:13,239 --> 00:34:16,239 Speaker 2: just for insurance, or a holistic financial advisor if that's 764 00:34:16,280 --> 00:34:18,040 Speaker 2: what you want to do. This is so also check 765 00:34:18,080 --> 00:34:21,239 Speaker 2: out that she's on the money website. This feels very informercial, 766 00:34:21,239 --> 00:34:22,960 Speaker 2: but it's not meant to I'm just like trying to 767 00:34:22,960 --> 00:34:25,319 Speaker 2: get through it quickly so you get the information. But 768 00:34:25,360 --> 00:34:27,200 Speaker 2: I can keep talking to you about all of the 769 00:34:27,200 --> 00:34:29,440 Speaker 2: tips and tricks I've written down. But yes, I think 770 00:34:29,440 --> 00:34:32,320 Speaker 2: it's actually really important to know that that resource on 771 00:34:32,360 --> 00:34:34,520 Speaker 2: the she's on the Money website actually exists because we 772 00:34:34,560 --> 00:34:37,160 Speaker 2: don't actually talk about it that much. True, but it's 773 00:34:37,200 --> 00:34:40,759 Speaker 2: a service that she's on the Money offers because I 774 00:34:40,920 --> 00:34:42,960 Speaker 2: just have had so many people message me going, oh 775 00:34:43,080 --> 00:34:46,520 Speaker 2: v I want a financial advisor, and I go, oh, well, 776 00:34:46,600 --> 00:34:48,680 Speaker 2: I recommend to this person, but I actually need to 777 00:34:48,719 --> 00:34:50,719 Speaker 2: ask so many questions about like, oh, Beck, well what 778 00:34:50,760 --> 00:34:52,600 Speaker 2: are you looking for? Why do you want an advisor? 779 00:34:52,640 --> 00:34:55,320 Speaker 2: Because if you came to me and said, oh, Ve 780 00:34:55,680 --> 00:34:58,200 Speaker 2: like it's really unfortunate, but I've just come into a 781 00:34:58,200 --> 00:35:02,600 Speaker 2: massive inheritance, that's very different, and the type of advisor 782 00:35:02,640 --> 00:35:04,840 Speaker 2: I would you match you with is very different to 783 00:35:04,880 --> 00:35:06,520 Speaker 2: the type of advisor if you're like, oh, I just 784 00:35:06,560 --> 00:35:08,719 Speaker 2: really want to get my life insurance sort it, so 785 00:35:08,800 --> 00:35:11,440 Speaker 2: I think it's important to understand that's hard. But then 786 00:35:11,480 --> 00:35:14,839 Speaker 2: also so many people in our community struggle with like, well, 787 00:35:14,960 --> 00:35:17,360 Speaker 2: I don't have a family member or a friend that 788 00:35:17,400 --> 00:35:20,040 Speaker 2: can recommend a good advisor or a good mortgage broker. 789 00:35:20,760 --> 00:35:22,640 Speaker 2: So I will be that friend and we do that 790 00:35:22,800 --> 00:35:25,920 Speaker 2: in the background. Sweet. The last thing is tidy up 791 00:35:25,960 --> 00:35:29,279 Speaker 2: your damn filing cabinet, beck our physical one. I don't 792 00:35:29,320 --> 00:35:32,120 Speaker 2: know lots of us have filing cabinets. You should see 793 00:35:32,160 --> 00:35:34,720 Speaker 2: the drawer beside my desk. It's just full of absolute trash. 794 00:35:34,880 --> 00:35:38,000 Speaker 2: According to the Australian Taxation Office, you should be keeping 795 00:35:38,040 --> 00:35:41,160 Speaker 2: your financial records for about five years. Anything older than 796 00:35:41,200 --> 00:35:45,279 Speaker 2: that you can bin shred financial paperwork. Don't just put 797 00:35:45,280 --> 00:35:47,480 Speaker 2: it in the bin so that you know some guy 798 00:35:47,680 --> 00:35:50,080 Speaker 2: walking down the street can open your bin and steal 799 00:35:50,120 --> 00:35:53,520 Speaker 2: your personal information, shred it, rip it up into tiny 800 00:35:53,560 --> 00:35:56,279 Speaker 2: pieces of paper, take it to work and shred it 801 00:35:56,320 --> 00:35:59,600 Speaker 2: in their shredder. Like, don't just put a whole heap 802 00:35:59,640 --> 00:36:04,040 Speaker 2: of your information, especially on bulk, right into the bin. 803 00:36:04,640 --> 00:36:07,480 Speaker 2: You're asking for your identity to be stolen, Beck. If 804 00:36:07,520 --> 00:36:10,759 Speaker 2: you do that, but make sure that you're cleaning anything out, 805 00:36:10,880 --> 00:36:14,239 Speaker 2: making yourself feel fresh and refreshed and revived this year. 806 00:36:14,440 --> 00:36:17,440 Speaker 2: And remember that any filing system you implement should actually 807 00:36:17,520 --> 00:36:21,040 Speaker 2: be very quickly and very easily maintained so that you're 808 00:36:21,080 --> 00:36:24,319 Speaker 2: motivated to keep like your records straight. I promise if 809 00:36:24,360 --> 00:36:26,120 Speaker 2: you do this at the start of the year, come 810 00:36:26,200 --> 00:36:28,240 Speaker 2: tax time. Tax time is going to be a breeze 811 00:36:28,239 --> 00:36:30,239 Speaker 2: for you. Yeah. Tax time does not need to be 812 00:36:30,280 --> 00:36:33,840 Speaker 2: stressful this year, I promise. So those are all of 813 00:36:33,840 --> 00:36:36,399 Speaker 2: my hot tips, Beck. That's what I've got. I got 814 00:36:36,440 --> 00:36:37,120 Speaker 2: I'm fresh out. 815 00:36:37,360 --> 00:36:39,279 Speaker 5: Well, I was especially like that last one. I really 816 00:36:39,280 --> 00:36:41,800 Speaker 5: feels good when you have a clear space, get a 817 00:36:41,880 --> 00:36:42,960 Speaker 5: clean mind, and. 818 00:36:43,040 --> 00:36:45,680 Speaker 2: It's clean, like you know when you were in like 819 00:36:45,719 --> 00:36:47,120 Speaker 2: I don't know if you were like this, but you 820 00:36:47,160 --> 00:36:49,920 Speaker 2: were like I don't know, early teen, and you rearrange 821 00:36:49,920 --> 00:36:53,000 Speaker 2: your room like you come home and just like drag 822 00:36:53,160 --> 00:36:57,440 Speaker 2: everything around and make it look different, like it's that vibe. 823 00:36:57,480 --> 00:37:00,840 Speaker 4: But as an adult, yes, it feels really good. Exactly 824 00:37:01,000 --> 00:37:02,080 Speaker 4: do you have anything else before? 825 00:37:02,080 --> 00:37:02,440 Speaker 5: You're right now? 826 00:37:02,560 --> 00:37:03,520 Speaker 2: I don't. I'm fresh out. 827 00:37:03,560 --> 00:37:04,200 Speaker 4: She's fresh out. 828 00:37:04,320 --> 00:37:06,520 Speaker 2: I'm fresh out, and I need a coffee. All right, 829 00:37:06,680 --> 00:37:09,000 Speaker 2: let's go do it all right, Have a good week, guys. 830 00:37:09,040 --> 00:37:15,239 Speaker 2: We will see you on Friday. Bye. 831 00:37:17,239 --> 00:37:19,800 Speaker 6: The advice shared on She's on the Money is general 832 00:37:19,840 --> 00:37:23,720 Speaker 6: in nature and does not consider your individual circumstances. She's 833 00:37:23,760 --> 00:37:27,200 Speaker 6: on the Money exists purely for educational purposes and should 834 00:37:27,239 --> 00:37:30,400 Speaker 6: not be relied upon to make an investment or financial decision. 835 00:37:30,800 --> 00:37:33,239 Speaker 6: If you do choose to buy a financial product, read 836 00:37:33,280 --> 00:37:36,600 Speaker 6: the PDS TMD and obtain appropriate financial. 837 00:37:36,200 --> 00:37:38,000 Speaker 2: Advice tailored towards your needs. 838 00:37:38,320 --> 00:37:42,280 Speaker 6: Victoria Divine and She's on the Money are authorized representatives 839 00:37:42,320 --> 00:37:46,200 Speaker 6: of money. Sheirper Pty Ltd ABN three two one IS 840 00:37:46,239 --> 00:37:50,120 Speaker 6: six four nine two seven seven zero eight AFSL four 841 00:37:50,200 --> 00:38:04,840 Speaker 6: five one two eight nine