1 00:00:00,200 --> 00:00:02,000 Speaker 1: She's on the Money. 2 00:00:02,160 --> 00:00:19,440 Speaker 2: She's on the Money. 3 00:00:20,520 --> 00:00:23,560 Speaker 1: Hello, and welcome to She's on the Money, the podcast 4 00:00:23,640 --> 00:00:27,479 Speaker 1: for millennials who want financial freedom. Today is the final 5 00:00:27,640 --> 00:00:30,560 Speaker 1: day of the financial year, which means tomorrow is the 6 00:00:30,560 --> 00:00:32,000 Speaker 1: start of a brand new one. 7 00:00:32,120 --> 00:00:33,120 Speaker 3: It's also my birthday. 8 00:00:33,320 --> 00:00:33,920 Speaker 1: Stop it. 9 00:00:33,920 --> 00:00:36,360 Speaker 3: It's the end of financial year, and it's also my birthday. 10 00:00:36,440 --> 00:00:38,959 Speaker 1: That is like the perfectly timed B day for a 11 00:00:39,000 --> 00:00:40,839 Speaker 1: financial Advisor's actually insane. 12 00:00:40,920 --> 00:00:43,400 Speaker 3: Also, how how many tickets have I got on myself 13 00:00:43,440 --> 00:00:45,680 Speaker 3: to like not even let you finish the for to 14 00:00:45,680 --> 00:00:47,360 Speaker 3: be like, it's my birthday, it's. 15 00:00:47,280 --> 00:00:50,080 Speaker 1: Important, it's important thirty today. So now everyone has got 16 00:00:50,120 --> 00:00:53,680 Speaker 1: that written down, let's actually get to you, let's get 17 00:00:53,720 --> 00:00:56,080 Speaker 1: in the episode. So we did think we would dedicate 18 00:00:56,080 --> 00:00:58,800 Speaker 1: today's episode to talking you through the tools that you'll 19 00:00:58,840 --> 00:01:01,880 Speaker 1: need if you're in the market for a midyear money reset, 20 00:01:02,080 --> 00:01:05,440 Speaker 1: which I feel like I could definitely be getting around myself. 21 00:01:05,480 --> 00:01:08,800 Speaker 3: I'm so here for this, and as a financial advisor, 22 00:01:08,920 --> 00:01:12,720 Speaker 3: and obviously someone who is, i'd say, just like mildly 23 00:01:12,760 --> 00:01:15,640 Speaker 3: passionate about finance, mildly I get to talk about this 24 00:01:15,720 --> 00:01:18,800 Speaker 3: on my thirtieth birthday, got to B day? What a 25 00:01:18,800 --> 00:01:20,959 Speaker 3: better way to celebrate absolutely now. 26 00:01:21,000 --> 00:01:24,080 Speaker 1: My name is Georgia King, and showning me on the 27 00:01:24,080 --> 00:01:27,960 Speaker 1: other end of the desk is Miss Victoria Divine talk 28 00:01:28,000 --> 00:01:30,480 Speaker 1: us through it. Why is the first of July a 29 00:01:30,520 --> 00:01:34,160 Speaker 1: good time to reset our money mindset? Because so many 30 00:01:34,200 --> 00:01:37,039 Speaker 1: times we fall off the bandwagon halfway through the year. 31 00:01:37,120 --> 00:01:39,480 Speaker 1: It is so easy to set goals at the start 32 00:01:39,520 --> 00:01:42,200 Speaker 1: of the year and then by June thirty we've kind 33 00:01:42,200 --> 00:01:45,640 Speaker 1: of like whatever, like I'll work it out later. 34 00:01:45,600 --> 00:01:47,920 Speaker 3: Yeah, And I feel like having a date that we 35 00:01:48,000 --> 00:01:50,720 Speaker 3: reset on is going to be really empowering so that 36 00:01:50,760 --> 00:01:52,840 Speaker 3: we can stay on track for the next six months. 37 00:01:52,920 --> 00:01:54,800 Speaker 3: It's also a really good time to check in around 38 00:01:54,800 --> 00:01:57,400 Speaker 3: your goals and how you're tracking. Because if you said 39 00:01:57,440 --> 00:01:59,520 Speaker 3: to yourself, Okay, I'm going to save ten thousand dollars 40 00:01:59,600 --> 00:02:02,000 Speaker 3: this year, and by the thirtieth of June you don't 41 00:02:02,040 --> 00:02:04,760 Speaker 3: have five thousand dollars, we really need to check in 42 00:02:04,880 --> 00:02:07,960 Speaker 3: because if you're planning on getting to that ten grand, 43 00:02:08,040 --> 00:02:10,200 Speaker 3: like maybe you had plans to be more aggressive in 44 00:02:10,240 --> 00:02:12,600 Speaker 3: the last six months of that saving plan, but if 45 00:02:12,639 --> 00:02:16,720 Speaker 3: you didn't, unfortunately, you're just going to be disappointed. Come 46 00:02:16,760 --> 00:02:19,959 Speaker 3: December thirty first, that's last day of to say, yep, 47 00:02:20,080 --> 00:02:23,120 Speaker 3: come with actual New Year, and you'll just be feeling 48 00:02:23,120 --> 00:02:25,919 Speaker 3: a bit flat. Whereas right now we have the power 49 00:02:26,080 --> 00:02:28,399 Speaker 3: to change the plan, and if you're not on track 50 00:02:28,440 --> 00:02:30,400 Speaker 3: to meet a goal, we can update that plan or 51 00:02:30,480 --> 00:02:33,080 Speaker 3: change the goal or change the timeline so that we 52 00:02:33,120 --> 00:02:36,320 Speaker 3: don't get disappointed. And I think it's really important to 53 00:02:36,360 --> 00:02:38,960 Speaker 3: be on track and aware of what we're doing and 54 00:02:39,000 --> 00:02:41,360 Speaker 3: not just set goals once a year, because that's bland, 55 00:02:41,440 --> 00:02:43,440 Speaker 3: and I genuinely don't believe we should have to set 56 00:02:43,440 --> 00:02:45,480 Speaker 3: goals at certain periods of time, Like, if you want 57 00:02:45,480 --> 00:02:47,280 Speaker 3: to do it, set the goal, get it done, do 58 00:02:47,360 --> 00:02:49,320 Speaker 3: it now. But for a lot of people, we like 59 00:02:49,400 --> 00:02:51,720 Speaker 3: to have a specific date to get in order, and 60 00:02:51,880 --> 00:02:54,520 Speaker 3: like we like feeling like New Year, knew me. We 61 00:02:54,600 --> 00:02:56,760 Speaker 3: get that twice a year because it's a financial year, 62 00:02:56,840 --> 00:02:57,919 Speaker 3: my friend totally. 63 00:02:57,960 --> 00:03:01,040 Speaker 1: And so why do you think that that is such 64 00:03:01,080 --> 00:03:02,920 Speaker 1: a big thing for so many people? I know for 65 00:03:03,000 --> 00:03:05,040 Speaker 1: me it is. You know, if I'm like, all right, 66 00:03:05,320 --> 00:03:07,600 Speaker 1: start the gym, go on every day on Monday, like 67 00:03:07,720 --> 00:03:10,160 Speaker 1: you actually do that, though I know it was a 68 00:03:10,160 --> 00:03:15,040 Speaker 1: bad example relat she goes to the gym literally. 69 00:03:14,639 --> 00:03:15,320 Speaker 3: Every single day. 70 00:03:15,360 --> 00:03:17,320 Speaker 1: Guy makes me sound like lose that. But the idea 71 00:03:17,360 --> 00:03:19,720 Speaker 1: of like i'll start it on Monday, I'll start it 72 00:03:19,720 --> 00:03:23,000 Speaker 1: on jan first, I'll start it at the new financial year. 73 00:03:23,360 --> 00:03:26,760 Speaker 1: What is it about that fresh start that we're so 74 00:03:26,800 --> 00:03:27,360 Speaker 1: attracted to. 75 00:03:27,639 --> 00:03:30,720 Speaker 3: I think we just like having structure. People like feeling 76 00:03:30,800 --> 00:03:33,880 Speaker 3: like there's a clean slate. We love the feeling of 77 00:03:34,160 --> 00:03:36,120 Speaker 3: new year and new me like, we love feeling like 78 00:03:36,160 --> 00:03:39,360 Speaker 3: we've got another opportunity to succeed. And I think that 79 00:03:39,360 --> 00:03:42,720 Speaker 3: that's a really positive thing. But I also really don't 80 00:03:42,800 --> 00:03:46,600 Speaker 3: like the idea that if you've quote messed up, that 81 00:03:46,720 --> 00:03:48,920 Speaker 3: you need to hold yourself hostage over that. Like so 82 00:03:48,920 --> 00:03:52,360 Speaker 3: many people like, oh, well, I guess I've absolutely screwed 83 00:03:52,440 --> 00:03:54,760 Speaker 3: up this month. I'll just start again next month. I 84 00:03:54,800 --> 00:03:57,040 Speaker 3: don't subscribe to that notion at all. It's kind of 85 00:03:57,080 --> 00:03:58,840 Speaker 3: like if someone's been on a diet for a really 86 00:03:58,880 --> 00:04:00,560 Speaker 3: long time and then they go on a bit of 87 00:04:00,600 --> 00:04:03,320 Speaker 3: a bender with their friends and eat like fifty miles 88 00:04:03,320 --> 00:04:05,880 Speaker 3: bars in one sitting, and then the next day they're like, 89 00:04:05,920 --> 00:04:08,200 Speaker 3: you know what, I've screwed it up, Like I'm done 90 00:04:08,240 --> 00:04:11,560 Speaker 3: for Like no, you're not. Just get back on track today, Like, yeah, 91 00:04:11,600 --> 00:04:12,960 Speaker 3: there's been a bit of a bump in the road, 92 00:04:12,960 --> 00:04:14,520 Speaker 3: but it's not the end of the world, And like 93 00:04:14,640 --> 00:04:17,080 Speaker 3: sometimes we do need to go through that to remember 94 00:04:17,120 --> 00:04:19,640 Speaker 3: that that goal was really important to us and we 95 00:04:19,720 --> 00:04:21,680 Speaker 3: are getting back on track. So I think for a 96 00:04:21,680 --> 00:04:23,680 Speaker 3: lot of us, it's just a mental hurdle and it's 97 00:04:23,720 --> 00:04:26,160 Speaker 3: something that helps us reset and if we can all 98 00:04:26,200 --> 00:04:28,680 Speaker 3: do it together, I think we're more likely to succeed. 99 00:04:28,920 --> 00:04:32,080 Speaker 1: Love that teamwork makes the dream work. 100 00:04:32,360 --> 00:04:36,120 Speaker 3: Wow, that was really inspirational. Yeah, t shirt. 101 00:04:36,120 --> 00:04:37,000 Speaker 1: Put it on a cushion. 102 00:04:37,240 --> 00:04:40,839 Speaker 3: Yeah, on one of those like wood planks that mums 103 00:04:40,880 --> 00:04:42,000 Speaker 3: can put in their kitchens. 104 00:04:42,200 --> 00:04:45,360 Speaker 1: Oh, Joey has one that says, we've laugh love. How 105 00:04:45,400 --> 00:04:45,719 Speaker 1: do you know? 106 00:04:46,279 --> 00:04:50,120 Speaker 3: Does it actually yeah? Oh no, joe what are you doing? 107 00:04:50,320 --> 00:04:53,760 Speaker 1: Yeah, Joey, poor taste. She actually has good taste. She 108 00:04:53,800 --> 00:04:54,960 Speaker 1: we had it at the old house. 109 00:04:56,040 --> 00:04:59,360 Speaker 3: She's to actually say, Yeah, I'm gonna laugh. 110 00:04:59,400 --> 00:05:00,880 Speaker 1: I think I have an photo of me with it. 111 00:05:01,040 --> 00:05:04,200 Speaker 1: I'll post coast that in the group. Bless you. Joey 112 00:05:04,200 --> 00:05:08,919 Speaker 1: shall be listening. I'm sorry, I'm sorry, no judgment, Okay, 113 00:05:08,960 --> 00:05:11,359 Speaker 1: be back to it. Would you say that it is 114 00:05:11,480 --> 00:05:14,320 Speaker 1: quite normal for people to experience these money ruts at 115 00:05:14,320 --> 00:05:15,239 Speaker 1: this time of year. 116 00:05:15,120 --> 00:05:19,840 Speaker 3: No, absolutely, it is because everything's overwhelming, like especially here 117 00:05:19,880 --> 00:05:23,560 Speaker 3: in Australia, it's cold. Yep, we're at home more, we're 118 00:05:23,560 --> 00:05:26,240 Speaker 3: not going out as often as we were before. We're 119 00:05:26,240 --> 00:05:28,360 Speaker 3: feeling a little bit flat because I think a lot 120 00:05:28,360 --> 00:05:32,320 Speaker 3: of us actually experience emotional change with the weather, which 121 00:05:32,360 --> 00:05:35,040 Speaker 3: is very, very common, and we should talk about that more. 122 00:05:35,080 --> 00:05:36,880 Speaker 3: Like I feel like people just in general are a 123 00:05:36,880 --> 00:05:39,839 Speaker 3: little bit flatter come winter, and that's okay. There's actually 124 00:05:39,839 --> 00:05:41,680 Speaker 3: a lot of science behind that. I'm not just. 125 00:05:41,640 --> 00:05:43,160 Speaker 1: Saying seasonal depression. 126 00:05:43,240 --> 00:05:45,560 Speaker 3: Yeah, it's called seasonal depression, and I'm not saying everybody 127 00:05:45,640 --> 00:05:46,960 Speaker 3: has it, but I do think that we're all a 128 00:05:46,960 --> 00:05:50,000 Speaker 3: little bit just like flat anyway. I do think that 129 00:05:50,080 --> 00:05:52,200 Speaker 3: it is a nice period of time because six months 130 00:05:52,279 --> 00:05:54,599 Speaker 3: is a long period of time if you set goals 131 00:05:54,600 --> 00:05:57,040 Speaker 3: at the start of the year, Like six months is 132 00:05:57,160 --> 00:06:00,360 Speaker 3: actually a very significant period of time to have not 133 00:06:00,520 --> 00:06:03,000 Speaker 3: checked in with yourself if you haven't. But also it's 134 00:06:03,040 --> 00:06:04,800 Speaker 3: just a nice time to check in and say, hey, 135 00:06:04,960 --> 00:06:07,880 Speaker 3: even if I am achieving my goals right now, I've 136 00:06:07,880 --> 00:06:10,000 Speaker 3: been working hard on them for the last six months, 137 00:06:10,520 --> 00:06:13,080 Speaker 3: where am I going now, Like are they still of 138 00:06:13,160 --> 00:06:15,120 Speaker 3: value to me? Are they steal things I want to do, 139 00:06:15,680 --> 00:06:18,039 Speaker 3: and you know, a lot of us have been very 140 00:06:18,040 --> 00:06:23,000 Speaker 3: significantly impacted by COVID. Yay, maybe you had a travel 141 00:06:23,040 --> 00:06:25,520 Speaker 3: goal and now that's going to be pushed out even further, 142 00:06:25,680 --> 00:06:27,960 Speaker 3: like what are your goals in the interim? Should we 143 00:06:28,000 --> 00:06:30,640 Speaker 3: be changing what that looks like to create more financial 144 00:06:30,640 --> 00:06:33,560 Speaker 3: security in the short term instead of having a really 145 00:06:33,560 --> 00:06:35,840 Speaker 3: long term goal. So it's just a really good time 146 00:06:35,920 --> 00:06:38,360 Speaker 3: to check in. And I think that often we feel 147 00:06:38,400 --> 00:06:41,279 Speaker 3: really inspired by the new year, new me vibes, because 148 00:06:41,279 --> 00:06:44,039 Speaker 3: I know I am, and I know that I'm like, yeah, cool, 149 00:06:44,279 --> 00:06:46,760 Speaker 3: a fresh slate, and I've always seen it that way 150 00:06:47,120 --> 00:06:50,559 Speaker 3: because I am in a June thirty baby. But also 151 00:06:50,800 --> 00:06:53,680 Speaker 3: it's kind of like new financial year, like why can't 152 00:06:53,680 --> 00:06:56,279 Speaker 3: I reset my finances now and have a really good 153 00:06:56,360 --> 00:06:57,679 Speaker 3: financial year to come? 154 00:06:58,880 --> 00:07:02,039 Speaker 1: Do you think as well, that being in Australia in 155 00:07:02,320 --> 00:07:05,240 Speaker 1: June July that is bang on in the middle of winter, 156 00:07:05,760 --> 00:07:08,480 Speaker 1: do you think there is a tendency for people to 157 00:07:08,560 --> 00:07:11,840 Speaker 1: spend more on like treating themselves at this time of 158 00:07:11,920 --> 00:07:13,720 Speaker 1: year or is that more of a summer thing because 159 00:07:13,760 --> 00:07:14,840 Speaker 1: you're like out and about more. 160 00:07:15,000 --> 00:07:17,360 Speaker 3: I don't know, if I'm honest, we should do some 161 00:07:17,440 --> 00:07:20,760 Speaker 3: research into that when do you most treat yourself Because 162 00:07:21,080 --> 00:07:23,640 Speaker 3: I'm pretty good at treating myself with an apparol with 163 00:07:23,680 --> 00:07:26,600 Speaker 3: my girlfriends in the middle of summer, Yeah, very good 164 00:07:26,680 --> 00:07:29,880 Speaker 3: at that. Arguably it's one of my best talents. But 165 00:07:30,040 --> 00:07:32,720 Speaker 3: in winter, I'm far more likely to order Uber eats, 166 00:07:32,840 --> 00:07:35,600 Speaker 3: that's true dinner. Yeah, and like stay in and be like, oh, 167 00:07:35,680 --> 00:07:38,080 Speaker 3: I can't be bothered. Like it's raining, it's pouring outside, 168 00:07:38,080 --> 00:07:40,000 Speaker 3: I don't want to go to the supermarket, and like, 169 00:07:40,200 --> 00:07:42,040 Speaker 3: I'm really lucky to be able to do that. But 170 00:07:42,120 --> 00:07:45,280 Speaker 3: I also just think that maybe we treat ourselves in 171 00:07:45,320 --> 00:07:47,920 Speaker 3: different ways depending on this season. But I also think 172 00:07:47,960 --> 00:07:49,920 Speaker 3: it's just a good time to check in and just 173 00:07:50,040 --> 00:07:53,000 Speaker 3: check what's going on and how we can reset ourselves 174 00:07:53,040 --> 00:07:55,480 Speaker 3: and how we can track our goals better or you know, 175 00:07:55,800 --> 00:07:58,720 Speaker 3: create new habits if we really want to, or change 176 00:07:58,720 --> 00:08:01,080 Speaker 3: habits that aren't serving us anymore. And I think that 177 00:08:01,600 --> 00:08:04,080 Speaker 3: it's just a nice time and I want this podcast 178 00:08:04,080 --> 00:08:05,360 Speaker 3: to be a little bit of a reminder to be 179 00:08:05,400 --> 00:08:07,480 Speaker 3: like okay, cool, like sit down, even if it's two 180 00:08:07,600 --> 00:08:09,240 Speaker 3: or three goals that you just have a look at 181 00:08:09,360 --> 00:08:11,760 Speaker 3: or one goal, or even just to make a plan 182 00:08:11,840 --> 00:08:14,320 Speaker 3: for the last six months of the year that doesn't 183 00:08:14,320 --> 00:08:16,960 Speaker 3: feel as overwhelming as planning for the whole financial year. 184 00:08:17,280 --> 00:08:20,560 Speaker 3: So for me, it's just about creating new, better habits 185 00:08:20,640 --> 00:08:21,240 Speaker 3: that serve you. 186 00:08:21,880 --> 00:08:25,200 Speaker 1: And this doesn't just have to be for money either, right, No, 187 00:08:25,600 --> 00:08:28,120 Speaker 1: it can extend to a lot of other areas of 188 00:08:28,160 --> 00:08:28,680 Speaker 1: our lives. 189 00:08:28,840 --> 00:08:31,720 Speaker 3: Yeah, absolutely, And I want everybody to just have goals 190 00:08:31,720 --> 00:08:34,120 Speaker 3: in general. And I think that that's such a common 191 00:08:34,120 --> 00:08:37,560 Speaker 3: misconception when you talk about financial advisors as well, because 192 00:08:37,600 --> 00:08:40,000 Speaker 3: I actually work with my clients on all their goals. 193 00:08:40,160 --> 00:08:42,840 Speaker 3: I don't work with my clients on just finances, and 194 00:08:42,880 --> 00:08:46,200 Speaker 3: I think maybe some financial advisors don't do this. Maybe 195 00:08:46,240 --> 00:08:49,040 Speaker 3: I'm not the norm, but like, gee, if you're my client, 196 00:08:49,280 --> 00:08:50,679 Speaker 3: I would be like, okay, cool, what do you want 197 00:08:50,720 --> 00:08:53,160 Speaker 3: to achieve financially? Okay? But what about in life? What 198 00:08:53,200 --> 00:08:55,880 Speaker 3: does your career look like? What does everything else look like? 199 00:08:55,960 --> 00:08:57,640 Speaker 3: Or what are we working towards? Because I'm on the 200 00:08:57,679 --> 00:09:00,000 Speaker 3: journey with you and I know so much about you, 201 00:09:00,160 --> 00:09:02,679 Speaker 3: And like, even next week, I've got a meeting booked 202 00:09:02,679 --> 00:09:04,720 Speaker 3: in with one of my clients and I'm so excited 203 00:09:04,720 --> 00:09:07,680 Speaker 3: about it because she has just finished her Bachelor of 204 00:09:07,720 --> 00:09:10,600 Speaker 3: psych Sciences. What I did, Yeah, that she wants to 205 00:09:10,679 --> 00:09:12,520 Speaker 3: check in and just like have a chat about what 206 00:09:12,559 --> 00:09:15,960 Speaker 3: her plans are moving forward, because I think that I 207 00:09:16,080 --> 00:09:18,840 Speaker 3: become that sounding board for people where I know you 208 00:09:18,920 --> 00:09:22,240 Speaker 3: so intimately when it comes to finances, and more often 209 00:09:22,320 --> 00:09:24,199 Speaker 3: than not, that means that I have a really good 210 00:09:24,280 --> 00:09:27,480 Speaker 3: understanding of you personally as well, and maybe that leans 211 00:09:27,559 --> 00:09:30,320 Speaker 3: more towards me being a psych Like, let's be honest, 212 00:09:30,400 --> 00:09:33,320 Speaker 3: having a background in psychology does really help me here 213 00:09:33,720 --> 00:09:36,480 Speaker 3: so that I can have these conversations. But yeah, I 214 00:09:36,480 --> 00:09:38,560 Speaker 3: think it's about what goals do you have? Like do 215 00:09:38,600 --> 00:09:40,559 Speaker 3: you want to set another healthy habit? Do you want 216 00:09:40,559 --> 00:09:43,240 Speaker 3: to you know, say more positive things to yourself? Do 217 00:09:43,320 --> 00:09:45,360 Speaker 3: you want to you know, spend more time with friends 218 00:09:45,440 --> 00:09:47,320 Speaker 3: and family. Do you want to go in and walk 219 00:09:47,360 --> 00:09:50,480 Speaker 3: every single morning for your mental health? Like it could 220 00:09:50,559 --> 00:09:53,440 Speaker 3: be anything. It's just a good reminder to be like, hey, 221 00:09:53,679 --> 00:09:56,280 Speaker 3: tomorrow is July first, Yeah, what are you going to 222 00:09:56,360 --> 00:09:57,120 Speaker 3: do for yourself? 223 00:09:57,320 --> 00:09:57,840 Speaker 1: Yeah? 224 00:09:57,880 --> 00:09:59,920 Speaker 3: I think it's about putting yourself first like. 225 00:10:00,160 --> 00:10:02,400 Speaker 1: That, And we will talk about goal setting a little 226 00:10:02,480 --> 00:10:06,679 Speaker 1: later on in today's show. So B, how can we 227 00:10:06,800 --> 00:10:10,160 Speaker 1: tangibly assess how we've gone over the last financial year 228 00:10:10,240 --> 00:10:12,640 Speaker 1: or the last six months. So if you did set goals, 229 00:10:12,720 --> 00:10:15,040 Speaker 1: it's obviously a good time to be checking in and 230 00:10:15,080 --> 00:10:17,200 Speaker 1: looking back and saying did I achieve that? 231 00:10:17,400 --> 00:10:19,800 Speaker 3: And what did that mean? And I think that we 232 00:10:19,960 --> 00:10:23,520 Speaker 3: don't check in enough with ourselves. So I'm not saying regularly, 233 00:10:23,920 --> 00:10:26,160 Speaker 3: I mean you don't do it properly when you do 234 00:10:26,320 --> 00:10:27,960 Speaker 3: check in. So g if I said to you, have 235 00:10:28,080 --> 00:10:30,440 Speaker 3: you achieved your goal? You might go yes or no? 236 00:10:30,880 --> 00:10:33,000 Speaker 3: Like no, I want you to sit down and go, Okay, 237 00:10:33,080 --> 00:10:35,240 Speaker 3: I planned to save ten thousand dollars. And I use 238 00:10:35,280 --> 00:10:37,320 Speaker 3: this as an example because it's just an easy example 239 00:10:37,360 --> 00:10:40,480 Speaker 3: to apply it to plan to save ten thousand dollars 240 00:10:40,559 --> 00:10:44,040 Speaker 3: this year. It is now the end of June. Have 241 00:10:44,160 --> 00:10:48,120 Speaker 3: I saved five thousand? No? Okay? Taking that next step 242 00:10:48,160 --> 00:10:51,280 Speaker 3: and going why what has impacted me here? Have a 243 00:10:51,320 --> 00:10:53,960 Speaker 3: look back over those six months, like why did you 244 00:10:54,000 --> 00:10:57,360 Speaker 3: not achieve that goal in January of saving your first portion, 245 00:10:57,520 --> 00:10:59,760 Speaker 3: like that first thousand or whatever it was that you 246 00:10:59,760 --> 00:11:03,280 Speaker 3: set for yourself. Because if you're in that situation where 247 00:11:03,320 --> 00:11:05,839 Speaker 3: you're like, oh, I really I don't understand, like why 248 00:11:05,880 --> 00:11:09,000 Speaker 3: I haven't achieved this? Okay? Well, in January, maybe you 249 00:11:09,080 --> 00:11:11,800 Speaker 3: prioritized going out for dinner a bit more because it 250 00:11:11,840 --> 00:11:13,839 Speaker 3: was the middle of summer and you bought a festival ticket, 251 00:11:13,840 --> 00:11:15,400 Speaker 3: and that's why you didn't do it. Okay, Well, what 252 00:11:15,520 --> 00:11:18,079 Speaker 3: happened in February? All right, Well in February I did 253 00:11:18,120 --> 00:11:20,440 Speaker 3: something similar, but I went camping with friends and that 254 00:11:20,480 --> 00:11:22,560 Speaker 3: blew out my budget. And like, look at it that 255 00:11:22,640 --> 00:11:25,080 Speaker 3: way and have a look at maybe why you didn't 256 00:11:25,080 --> 00:11:29,080 Speaker 3: achieve that goal and what you chose instead, Because if 257 00:11:29,080 --> 00:11:33,240 Speaker 3: you chose something instead pretty consistently and it was socializing 258 00:11:33,280 --> 00:11:36,280 Speaker 3: with your friends, that might be a priority to you 259 00:11:36,360 --> 00:11:39,520 Speaker 3: that you hadn't identified in your budget and hadn't actually 260 00:11:39,559 --> 00:11:42,520 Speaker 3: allocated enough in your budget towards in the first place, 261 00:11:42,920 --> 00:11:45,679 Speaker 3: and that is potentially going to consistently push you off 262 00:11:45,760 --> 00:11:48,360 Speaker 3: track in the future as well. So let's look at 263 00:11:48,360 --> 00:11:50,960 Speaker 3: it and go, okay, well, gee, you really like socializing 264 00:11:50,960 --> 00:11:53,959 Speaker 3: with your friends, Let's make sure that's allocated for Maybe 265 00:11:54,000 --> 00:11:56,080 Speaker 3: we need to find somewhere else we can say from 266 00:11:56,120 --> 00:11:59,200 Speaker 3: to still achieve this goal without compromising the thing that 267 00:11:59,280 --> 00:12:02,560 Speaker 3: you keep prioritizing over the goal that you say you 268 00:12:02,600 --> 00:12:05,480 Speaker 3: want to achieve. So for me, it's about just checking in, 269 00:12:05,679 --> 00:12:09,240 Speaker 3: but on a deeper level than actually going, Oh, okay, 270 00:12:09,320 --> 00:12:11,640 Speaker 3: I didn't achieve it. I guess I'll get back on track. 271 00:12:11,920 --> 00:12:15,320 Speaker 3: Like that's not enough. You're not teaching yourself why that happened. 272 00:12:15,600 --> 00:12:17,440 Speaker 3: And if we don't know why it happened, we can't 273 00:12:17,480 --> 00:12:20,079 Speaker 3: fix it. And I know that if you can't fix 274 00:12:20,120 --> 00:12:22,320 Speaker 3: it by December, you're not going to achieve that goal. 275 00:12:22,520 --> 00:12:24,040 Speaker 3: And I don't want to be negative, but at the 276 00:12:24,120 --> 00:12:26,079 Speaker 3: end of the day, my job is to help you, 277 00:12:26,280 --> 00:12:28,320 Speaker 3: and my job is to help you see how you 278 00:12:28,360 --> 00:12:31,360 Speaker 3: can help yourself and identifying what that is and going 279 00:12:31,640 --> 00:12:33,520 Speaker 3: makes so much sense, like I love going out with 280 00:12:33,600 --> 00:12:36,520 Speaker 3: my girlfriends, no wonder, Yeah, it wasn't in my budget. 281 00:12:36,520 --> 00:12:38,600 Speaker 3: I need to change my budget. I need to work 282 00:12:38,600 --> 00:12:41,240 Speaker 3: out how I can achieve that goal now as opposed 283 00:12:41,280 --> 00:12:44,120 Speaker 3: to how I was planning on doing it before, because 284 00:12:44,240 --> 00:12:47,360 Speaker 3: I set a goal that was unrealistic for myself, Like 285 00:12:47,440 --> 00:12:50,600 Speaker 3: we can actually all save, we can actually all invest, 286 00:12:51,040 --> 00:12:54,120 Speaker 3: we just have to make it a realistic number for ourselves. 287 00:12:54,400 --> 00:12:56,720 Speaker 3: And the easiest way to get disheartened is to set 288 00:12:56,720 --> 00:12:59,600 Speaker 3: a goal that will never achieve because I guarantee you 289 00:12:59,679 --> 00:13:02,480 Speaker 3: if you got to December and you hadn't achieved that 290 00:13:02,559 --> 00:13:05,679 Speaker 3: savings goal, You're like, oh, I'm the worst at saving 291 00:13:06,040 --> 00:13:09,600 Speaker 3: I suck. Yeah, it's like, no, you're not. You just 292 00:13:09,640 --> 00:13:13,280 Speaker 3: didn't prioritize it because you actually cared about something else more. 293 00:13:13,520 --> 00:13:15,680 Speaker 1: You're kind of saying that if you set goals that 294 00:13:16,040 --> 00:13:20,040 Speaker 1: are unreachable, that could potentially jeopardize your savings even further 295 00:13:20,120 --> 00:13:21,960 Speaker 1: and put further down than when we started. 296 00:13:22,080 --> 00:13:24,360 Speaker 3: Because you start, when we've talked about this on the 297 00:13:24,400 --> 00:13:28,199 Speaker 3: podcast before, we've talked about learned helplessness, you're teaching yourself 298 00:13:28,240 --> 00:13:30,560 Speaker 3: that you're not capable when that is not the case 299 00:13:30,600 --> 00:13:33,640 Speaker 3: at all. You're just not setting yourself up for success. 300 00:13:34,120 --> 00:13:36,480 Speaker 3: So we need to teach ourselves to set ourselves up 301 00:13:36,480 --> 00:13:39,199 Speaker 3: for success, and once we have that, we will then 302 00:13:39,280 --> 00:13:41,880 Speaker 3: be able to be successful. Because it's like, and I 303 00:13:41,920 --> 00:13:44,240 Speaker 3: said this on the podcast last week with Jazz, it's 304 00:13:44,280 --> 00:13:46,880 Speaker 3: like learning another language. At the start of the journey 305 00:13:47,000 --> 00:13:51,240 Speaker 3: of learning another language, it's literally all foreign like no 306 00:13:51,400 --> 00:13:54,679 Speaker 3: pun intended, Yeah, it is literally foreign. You don't understand it. 307 00:13:54,720 --> 00:13:56,240 Speaker 3: You look it on on paper and you're like, I 308 00:13:56,280 --> 00:13:59,040 Speaker 3: will never understand this, like what, And then you start 309 00:13:59,080 --> 00:14:01,040 Speaker 3: learning the basics, then you can say hello, and then 310 00:14:01,040 --> 00:14:02,840 Speaker 3: you can say hello, how are you? And then you 311 00:14:02,960 --> 00:14:05,280 Speaker 3: know how to interpret what other people are saying, and 312 00:14:05,520 --> 00:14:07,800 Speaker 3: you start putting it all together instead of setting out 313 00:14:07,840 --> 00:14:10,800 Speaker 3: to write an essay instead first week exactly like as 314 00:14:10,880 --> 00:14:13,280 Speaker 3: if you would be able to enter the French speaking 315 00:14:13,320 --> 00:14:16,080 Speaker 3: competition two weeks after, you know what I mean, Like, 316 00:14:16,160 --> 00:14:18,880 Speaker 3: you're just setting ourselves up for failure. And I think 317 00:14:18,880 --> 00:14:21,520 Speaker 3: that when it comes to finance, we genuinely put so 318 00:14:21,600 --> 00:14:25,240 Speaker 3: much pressure on ourselves because technically we've been handling money 319 00:14:25,280 --> 00:14:27,840 Speaker 3: our entire lives. So you go, I should know how 320 00:14:27,840 --> 00:14:30,760 Speaker 3: to do this. It's like, well, actually, you might have 321 00:14:30,880 --> 00:14:33,960 Speaker 3: known that the French language existed for your entire life, 322 00:14:34,160 --> 00:14:36,600 Speaker 3: doesn't mean you know how to use it. You might 323 00:14:36,600 --> 00:14:38,720 Speaker 3: go to French restaurants all the time and you might 324 00:14:38,840 --> 00:14:41,440 Speaker 3: know you know the basics of how to order and 325 00:14:41,480 --> 00:14:44,000 Speaker 3: what that actually looks like. Doesn't mean you know French. 326 00:14:44,760 --> 00:14:46,840 Speaker 3: Doesn't mean that you're silly, though, And I think we 327 00:14:46,880 --> 00:14:48,920 Speaker 3: need to give ourselves a little bit more credit. Like 328 00:14:49,040 --> 00:14:51,400 Speaker 3: you might have been handling money your entire life, your 329 00:14:51,400 --> 00:14:54,160 Speaker 3: parents might work in finance, does not mean you know 330 00:14:54,200 --> 00:14:57,800 Speaker 3: how to speak that language though, So VD, when you 331 00:14:57,840 --> 00:15:03,400 Speaker 3: were talking before about budget. I was thinking that that's 332 00:15:03,520 --> 00:15:05,800 Speaker 3: that can be quite a daunting thing to go back 333 00:15:05,840 --> 00:15:10,560 Speaker 3: through your old bank statements and really go head to head, 334 00:15:10,600 --> 00:15:12,760 Speaker 3: face to face with your spending habits for the last 335 00:15:12,760 --> 00:15:15,320 Speaker 3: six months or the last year, or just do the 336 00:15:15,440 --> 00:15:18,360 Speaker 3: last three months last ahead, Let's not bite off more 337 00:15:18,400 --> 00:15:19,120 Speaker 3: than we can choose. 338 00:15:19,520 --> 00:15:22,160 Speaker 1: That's to me, that seems really daunting. But do you 339 00:15:22,240 --> 00:15:25,520 Speaker 1: think that is the only way to kind of accept 340 00:15:25,560 --> 00:15:26,000 Speaker 1: where you're at. 341 00:15:26,040 --> 00:15:28,680 Speaker 3: I do, And I've said this before, like we need 342 00:15:28,720 --> 00:15:30,600 Speaker 3: to stop sticking our heads in the sand. We need 343 00:15:30,640 --> 00:15:33,640 Speaker 3: to stop judging ourselves around our spending habits and actually 344 00:15:33,640 --> 00:15:37,400 Speaker 3: start teaching ourselves what we do as people, Like what 345 00:15:37,440 --> 00:15:39,440 Speaker 3: does that mean? Like why do we choose that? Why 346 00:15:39,520 --> 00:15:41,960 Speaker 3: do I choose that? Take the judgment away, Like even 347 00:15:41,960 --> 00:15:44,240 Speaker 3: if you've you know, somehow in the first six months 348 00:15:44,240 --> 00:15:46,920 Speaker 3: of the year, gotten into more debt, Like that's actually okay, 349 00:15:47,040 --> 00:15:50,000 Speaker 3: it is fine. Don't charge yourself for that. I'm definitely 350 00:15:50,040 --> 00:15:52,240 Speaker 3: not judging you for that. We just need to look 351 00:15:52,240 --> 00:15:53,800 Speaker 3: at it. We just need to go and set some 352 00:15:53,880 --> 00:15:56,320 Speaker 3: new goals. We just need to look at our budgets, 353 00:15:56,680 --> 00:16:00,760 Speaker 3: not as a budget, not as something restrictive. What more, 354 00:16:00,840 --> 00:16:03,360 Speaker 3: is something that teaches us this is how I spend, 355 00:16:03,560 --> 00:16:05,920 Speaker 3: this is what I allocate to, And now I know 356 00:16:06,440 --> 00:16:09,120 Speaker 3: I can actually reallocate that money in line with the 357 00:16:09,120 --> 00:16:11,760 Speaker 3: things that I really value. And I've never been the 358 00:16:11,800 --> 00:16:15,840 Speaker 3: financial advisor to say, okage, So if you saved that 359 00:16:15,960 --> 00:16:18,320 Speaker 3: four dollars fifty every day that you're spending on your 360 00:16:18,480 --> 00:16:21,720 Speaker 3: super lovely oh latte at the cafe every single morning, 361 00:16:21,800 --> 00:16:24,400 Speaker 3: you'd have eleven hundred and seventy dollars in your bank account. 362 00:16:24,800 --> 00:16:27,520 Speaker 3: You'd be like, Okay, cool, but like, I really love that, 363 00:16:27,600 --> 00:16:30,480 Speaker 3: and I've never told you to sacrifice the things that 364 00:16:30,520 --> 00:16:33,480 Speaker 3: you love. It's all about where am I spending money 365 00:16:33,520 --> 00:16:35,800 Speaker 3: that is not in line with my values. And if 366 00:16:35,840 --> 00:16:38,520 Speaker 3: somebody said I get coffee every single morning, but I 367 00:16:38,600 --> 00:16:40,680 Speaker 3: do it because my team goes down to the cafe 368 00:16:40,720 --> 00:16:42,240 Speaker 3: and I always want to go for the walk with them. 369 00:16:42,240 --> 00:16:43,880 Speaker 3: But I don't even like coffee. I just get it 370 00:16:43,920 --> 00:16:46,320 Speaker 3: because i'm there, and I don't even finish the cup, 371 00:16:46,440 --> 00:16:48,600 Speaker 3: I'd be like, Okay, that's probably something that we can 372 00:16:48,680 --> 00:16:51,080 Speaker 3: look at, and we need to help you feel comfortable 373 00:16:51,120 --> 00:16:53,320 Speaker 3: to say no to that, because that's not serving you, 374 00:16:53,600 --> 00:16:55,760 Speaker 3: that's not you spending in line with your values. You 375 00:16:55,800 --> 00:16:57,680 Speaker 3: can still go for the walk with your team to 376 00:16:57,680 --> 00:17:00,240 Speaker 3: get the coffee and just not buy one. I think 377 00:17:00,240 --> 00:17:02,480 Speaker 3: it's really important to just remember that it's not something 378 00:17:02,520 --> 00:17:04,520 Speaker 3: we should be judging ourselves on. It's just going to 379 00:17:04,560 --> 00:17:08,119 Speaker 3: help ourselves educate ourselves, right, Like, go and learn about you, 380 00:17:08,200 --> 00:17:10,840 Speaker 3: Go learn what you spend on and then go, oh 381 00:17:10,920 --> 00:17:13,399 Speaker 3: my gosh, that's so weird. Why do I do that? 382 00:17:13,600 --> 00:17:13,919 Speaker 1: Yeah? 383 00:17:14,040 --> 00:17:16,600 Speaker 3: Learn, don't judge. And I think that that's where we 384 00:17:16,680 --> 00:17:19,520 Speaker 3: need to start from, because if you can learn what 385 00:17:19,560 --> 00:17:22,919 Speaker 3: your values are, you can then build things around it 386 00:17:22,960 --> 00:17:25,399 Speaker 3: to help ensure that you're always spending in line with 387 00:17:25,480 --> 00:17:28,880 Speaker 3: your values. Like do you work really late in hospitality? 388 00:17:28,960 --> 00:17:31,320 Speaker 3: So every single night you go through a drive through 389 00:17:31,400 --> 00:17:33,960 Speaker 3: to get dinner? Cool? What's something if you don't like 390 00:17:34,040 --> 00:17:36,360 Speaker 3: that and that's not something that serves you, what can 391 00:17:36,400 --> 00:17:38,240 Speaker 3: you do? Can you make sure that you've got dinners 392 00:17:38,280 --> 00:17:39,800 Speaker 3: at home for you? Can you make sure that you've 393 00:17:39,800 --> 00:17:41,919 Speaker 3: got something in your bag to eat on the way home? Like? 394 00:17:42,160 --> 00:17:44,919 Speaker 3: What can we do to help you achieve your goals 395 00:17:45,000 --> 00:17:47,560 Speaker 3: and save in line with your values as opposed to 396 00:17:47,680 --> 00:17:50,440 Speaker 3: just spending money because we haven't thought about it enough? 397 00:17:50,560 --> 00:17:53,040 Speaker 1: Yeah, brilliant learn, don't judge. I like that. 398 00:17:53,280 --> 00:17:55,960 Speaker 3: Yeah, it's really hard to do that. It's a really 399 00:17:56,000 --> 00:17:59,440 Speaker 3: hard mental shift if we're honest, and it's not something 400 00:17:59,440 --> 00:18:02,360 Speaker 3: that I go, oh, just learn, don't judge Like it's 401 00:18:02,400 --> 00:18:04,440 Speaker 3: really hard because you will look at it and go, oh, 402 00:18:04,720 --> 00:18:07,320 Speaker 3: why have I done this to myself? And that's not 403 00:18:07,359 --> 00:18:09,639 Speaker 3: serving you, Like, cut that talk out like it's not 404 00:18:09,680 --> 00:18:11,760 Speaker 3: going to help you, because we actually can't go back 405 00:18:11,760 --> 00:18:13,760 Speaker 3: in time and change that. So how are that we 406 00:18:13,880 --> 00:18:15,760 Speaker 3: just learn what we can do in the future so 407 00:18:15,800 --> 00:18:18,560 Speaker 3: that we don't look back again and go, oh, my gosh, 408 00:18:18,720 --> 00:18:20,879 Speaker 3: I can't believe that I did this check in and 409 00:18:20,880 --> 00:18:21,560 Speaker 3: then I didn't do it. 410 00:18:22,359 --> 00:18:24,119 Speaker 1: So do it now for the good of you, and 411 00:18:24,240 --> 00:18:25,720 Speaker 1: twelve months time, I guess. 412 00:18:25,520 --> 00:18:27,400 Speaker 3: So future your future you. 413 00:18:28,200 --> 00:18:30,320 Speaker 1: Alrighty, guys, So we will be back after a very 414 00:18:30,359 --> 00:18:32,879 Speaker 1: short break to chat through the things that Vicky D 415 00:18:33,080 --> 00:18:35,680 Speaker 1: sees needing work the most at this time of the year. 416 00:18:35,920 --> 00:18:39,040 Speaker 1: Plus we'll be talking through some strategies to recharge your 417 00:18:39,119 --> 00:18:51,640 Speaker 1: money motivation. Don't go anywhere, guys. All right, VD, what 418 00:18:51,720 --> 00:18:54,320 Speaker 1: are the top things that tend to need an overhaul 419 00:18:54,320 --> 00:18:56,680 Speaker 1: when it comes to our finances at this time of year? 420 00:18:57,080 --> 00:18:59,760 Speaker 3: All of it. No, no, no, that's really a dramatic 421 00:19:00,000 --> 00:19:02,399 Speaker 3: absolutely not accurate. I just really wanted to say that 422 00:19:02,440 --> 00:19:06,439 Speaker 3: for noahpparent reason. The first thing is probably our organization. 423 00:19:06,680 --> 00:19:08,680 Speaker 3: Let's be honest. Not all of us are good at 424 00:19:08,680 --> 00:19:11,879 Speaker 3: tracking our spending or keeping our receipts in order that 425 00:19:11,920 --> 00:19:13,640 Speaker 3: we know we need to keep in order for our 426 00:19:13,680 --> 00:19:17,719 Speaker 3: accountants or whatever that is. So I think that organization 427 00:19:17,960 --> 00:19:19,800 Speaker 3: is really important to do a little bit of an 428 00:19:19,840 --> 00:19:21,840 Speaker 3: overhaul on, because if you feel a little bit out 429 00:19:21,840 --> 00:19:23,680 Speaker 3: of control, one of the best ways to get back 430 00:19:23,720 --> 00:19:26,520 Speaker 3: in control is to just organize and to plan and 431 00:19:26,560 --> 00:19:28,400 Speaker 3: put everything in front of you and go okay, cool, 432 00:19:28,400 --> 00:19:31,080 Speaker 3: Like does this have a home? If you're collecting receipts? 433 00:19:31,240 --> 00:19:32,960 Speaker 3: Maybe it's about and I've said this before on the 434 00:19:32,960 --> 00:19:36,080 Speaker 3: podcast I'm becoming a broken record, George, but do you 435 00:19:36,119 --> 00:19:38,680 Speaker 3: need to start taking photos of receipts so you don't 436 00:19:38,720 --> 00:19:40,440 Speaker 3: just have a whole heap in your handbag, some of 437 00:19:40,480 --> 00:19:43,040 Speaker 3: your bedside draw some of the table when you walk 438 00:19:43,040 --> 00:19:45,560 Speaker 3: in the front door, Like maybe just start an album 439 00:19:45,600 --> 00:19:47,400 Speaker 3: on your phone, take a photo of each and every 440 00:19:47,440 --> 00:19:49,520 Speaker 3: single one of them, and then ditch them, chuck them out. 441 00:19:49,520 --> 00:19:52,679 Speaker 3: They'll no longer feel overwhelming to you. So it's just 442 00:19:52,800 --> 00:19:55,560 Speaker 3: about working out what works for you. Do you need 443 00:19:55,600 --> 00:19:58,800 Speaker 3: to reset your banking system? Are you not organized enough 444 00:19:58,840 --> 00:20:01,080 Speaker 3: when it comes to banking and you've been a little 445 00:20:01,119 --> 00:20:03,560 Speaker 3: bit naughty maybe you pay your bills on the due 446 00:20:03,640 --> 00:20:05,920 Speaker 3: date or after the due date. Do we need to 447 00:20:05,960 --> 00:20:08,520 Speaker 3: set up be pay payments so that it actually just 448 00:20:08,600 --> 00:20:11,080 Speaker 3: gets paid each and every single month without you thinking? 449 00:20:11,320 --> 00:20:13,480 Speaker 3: And now I'm not saying that this will work for everybody, 450 00:20:13,640 --> 00:20:17,080 Speaker 3: but what parts of our financial lives can we organize 451 00:20:17,160 --> 00:20:19,639 Speaker 3: so that we can feel empowered? Yeah? Is it actually about, 452 00:20:19,720 --> 00:20:22,159 Speaker 3: you know, just getting all those bank accounts sorted and 453 00:20:22,280 --> 00:20:24,720 Speaker 3: instead of having the five that you've had for ages 454 00:20:24,920 --> 00:20:27,399 Speaker 3: that you shift money between and it doesn't really work. 455 00:20:27,600 --> 00:20:29,400 Speaker 3: Is it about going you know what, I don't need 456 00:20:29,440 --> 00:20:31,439 Speaker 3: three banks. I'm just going to go with one and 457 00:20:31,480 --> 00:20:33,160 Speaker 3: I'm going to get rid of the others and I'm 458 00:20:33,240 --> 00:20:36,040 Speaker 3: just going to really simplify my life in this way. So, 459 00:20:36,200 --> 00:20:38,840 Speaker 3: to be honest, it's just about organizing what makes sense 460 00:20:38,880 --> 00:20:40,840 Speaker 3: to you. And one of the easiest way is to 461 00:20:40,920 --> 00:20:43,560 Speaker 3: feel like you're in control even if you're in debt, 462 00:20:44,000 --> 00:20:46,680 Speaker 3: is to just feel organized about it and have a plan, 463 00:20:46,960 --> 00:20:50,080 Speaker 3: because even if you're overwhelmed with something, if you know 464 00:20:50,119 --> 00:20:52,560 Speaker 3: that there's a process and a plan follow to get 465 00:20:52,680 --> 00:20:56,520 Speaker 3: out of that situation, guaranteed you'll feel more empowered about it. 466 00:20:56,640 --> 00:21:02,080 Speaker 1: And we did a really good episode. It was probably 467 00:21:02,119 --> 00:21:04,000 Speaker 1: this time last year v we can you. 468 00:21:04,040 --> 00:21:06,159 Speaker 3: Believe that we've been podcasting together for more than an 469 00:21:06,280 --> 00:21:09,480 Speaker 3: edge of whack whack insane whack? Do you know that 470 00:21:09,600 --> 00:21:11,800 Speaker 3: in the middle of June, She's on the money? I 471 00:21:11,840 --> 00:21:14,560 Speaker 3: didn't celebrate this, and we really should have. Was She's 472 00:21:14,600 --> 00:21:17,439 Speaker 3: on the money? The podcasts second birthday? 473 00:21:17,600 --> 00:21:20,920 Speaker 1: Stop her? I know we turned to how many EPs 474 00:21:20,920 --> 00:21:22,040 Speaker 1: have we got out? 475 00:21:22,200 --> 00:21:25,040 Speaker 3: It's more than one hundred. It's why we spend a 476 00:21:25,080 --> 00:21:26,200 Speaker 3: lot of time sitting at. 477 00:21:26,080 --> 00:21:30,119 Speaker 1: This table we have chatting to Mike's sorry sorry, so 478 00:21:30,240 --> 00:21:32,520 Speaker 1: it was the Mari Condo your finances? 479 00:21:32,760 --> 00:21:33,320 Speaker 3: I love after that. 480 00:21:33,680 --> 00:21:35,280 Speaker 1: So I feel like that would be a really good 481 00:21:35,280 --> 00:21:38,439 Speaker 1: one to help our listeners get on track and if 482 00:21:38,440 --> 00:21:41,840 Speaker 1: they want help really organizing their systems, making them. 483 00:21:41,720 --> 00:21:43,600 Speaker 3: I love that. Let's pack that in the show notes. 484 00:21:43,640 --> 00:21:45,280 Speaker 3: So if you haven't listened to that, you can listen 485 00:21:45,320 --> 00:21:46,919 Speaker 3: to it, And if you have listened to that, you 486 00:21:46,960 --> 00:21:48,040 Speaker 3: can go and re listen to that. 487 00:21:48,119 --> 00:21:49,560 Speaker 1: Yeah, yeah, love that. 488 00:21:49,800 --> 00:21:50,239 Speaker 3: I love that. 489 00:21:50,280 --> 00:21:53,960 Speaker 1: Now the budgeting and motivation are two of the things 490 00:21:54,000 --> 00:21:56,800 Speaker 1: that I, in my opinion, would be really important to 491 00:21:56,840 --> 00:21:59,240 Speaker 1: get on top of at this time of year. Would 492 00:21:59,280 --> 00:22:00,120 Speaker 1: you agree with that? 493 00:22:00,560 --> 00:22:02,840 Speaker 3: Yes, good answer, You're welcome. 494 00:22:02,920 --> 00:22:05,080 Speaker 1: Can you please break those two down? 495 00:22:05,240 --> 00:22:05,480 Speaker 3: Yes? 496 00:22:05,880 --> 00:22:06,360 Speaker 1: Thank you. 497 00:22:06,840 --> 00:22:09,199 Speaker 3: Oh you'd like me to actually break it down? Okay, 498 00:22:09,240 --> 00:22:12,119 Speaker 3: no problems. So first things first, when we need to 499 00:22:12,160 --> 00:22:14,000 Speaker 3: break it down, there are a few things that we 500 00:22:14,040 --> 00:22:15,840 Speaker 3: need to do. First thing, first, we need to feel 501 00:22:15,880 --> 00:22:18,480 Speaker 3: motivated about it. If you're not motivated to do this, 502 00:22:18,560 --> 00:22:22,119 Speaker 3: it's gonna be real hard. I'm sorry, so getting on 503 00:22:22,200 --> 00:22:24,240 Speaker 3: top of going all right, this is why I need 504 00:22:24,280 --> 00:22:26,920 Speaker 3: to do it. Let's actually be positive about it. Don't 505 00:22:26,920 --> 00:22:28,760 Speaker 3: pick a time. We've only got ten minutes. Make it 506 00:22:28,800 --> 00:22:31,080 Speaker 3: a nice experience for yourself. Don't go, oh my gosh, 507 00:22:31,119 --> 00:22:33,600 Speaker 3: I'm gonna like, you know, do this on Saturday night 508 00:22:33,640 --> 00:22:35,679 Speaker 3: when I'm meant to be out with my girlfriend, like 509 00:22:35,800 --> 00:22:38,600 Speaker 3: having a drink. Like, don't pick out time. Pick a 510 00:22:38,640 --> 00:22:40,800 Speaker 3: time on a Sunday afternoon where you didn't have any 511 00:22:40,840 --> 00:22:43,000 Speaker 3: other plans and you didn't need to be anywhere, and 512 00:22:43,040 --> 00:22:45,440 Speaker 3: you're not sacrificing doing something else. That you really want 513 00:22:45,520 --> 00:22:47,840 Speaker 3: to do, and you know, maybe light a candle and 514 00:22:47,920 --> 00:22:50,639 Speaker 3: have a cup of tea and enjoy the process. I 515 00:22:50,680 --> 00:22:53,439 Speaker 3: think that's really important because too many times when we 516 00:22:53,480 --> 00:22:55,960 Speaker 3: start talking about do you budget Georgia, you're like, Okay, 517 00:22:56,160 --> 00:22:58,560 Speaker 3: I'll sacrifice something so that I can do this. Like, 518 00:22:58,680 --> 00:23:01,280 Speaker 3: don't even come at me with that idea. I don't 519 00:23:01,280 --> 00:23:03,240 Speaker 3: think it's a good idea because you're already going to 520 00:23:03,320 --> 00:23:05,240 Speaker 3: not want to be doing it. Pick a time when 521 00:23:05,240 --> 00:23:07,000 Speaker 3: you can do it, and you can do it comfortably 522 00:23:07,000 --> 00:23:09,920 Speaker 3: and enjoy it. If you work best from bed, get 523 00:23:09,960 --> 00:23:12,120 Speaker 3: your laptop, get your cup of tea, sit in bed 524 00:23:12,160 --> 00:23:14,760 Speaker 3: and do your budgeting there. Do your goals setting there. 525 00:23:14,800 --> 00:23:17,280 Speaker 3: You don't have to sit at a desk and actually 526 00:23:17,359 --> 00:23:19,280 Speaker 3: get it done. If you want to go to the park, 527 00:23:19,480 --> 00:23:21,800 Speaker 3: do it there, like I don't mind, but make it 528 00:23:21,840 --> 00:23:24,560 Speaker 3: a good experience for yourself. And then let's actually talk 529 00:23:24,560 --> 00:23:27,359 Speaker 3: about strategies that you can implement. So we've talked about 530 00:23:27,359 --> 00:23:30,320 Speaker 3: this before and about how to set strategies and how 531 00:23:30,320 --> 00:23:32,639 Speaker 3: to set goals and the best way you can set 532 00:23:32,680 --> 00:23:36,680 Speaker 3: goals I think, and I've simplified the smart methodology down 533 00:23:36,720 --> 00:23:39,199 Speaker 3: to four instead of I think five or six or 534 00:23:39,200 --> 00:23:40,800 Speaker 3: whatever it is how many letters are in their word 535 00:23:40,840 --> 00:23:43,960 Speaker 3: smart is okay. So I've taken it down from five 536 00:23:44,000 --> 00:23:46,600 Speaker 3: to four because hah, she's on the money and now 537 00:23:46,600 --> 00:23:49,239 Speaker 3: we call it that she's on the money strategy, so 538 00:23:49,400 --> 00:23:53,520 Speaker 3: it's SotM. So we need to be specific. Then we 539 00:23:53,560 --> 00:23:56,520 Speaker 3: need to be optimistic. So I've changed it out because 540 00:23:56,520 --> 00:23:58,800 Speaker 3: I actually want you to be positive about these goals. 541 00:23:58,840 --> 00:24:00,600 Speaker 3: I want you to be a coroaching it with a 542 00:24:00,600 --> 00:24:02,880 Speaker 3: mindset that means I can do this, Like I can 543 00:24:02,920 --> 00:24:05,240 Speaker 3: get this done, and you've got to document why you're 544 00:24:05,280 --> 00:24:07,959 Speaker 3: being optimistic about it, and if you don't, it's not 545 00:24:08,000 --> 00:24:10,119 Speaker 3: going to work. My friends. Then it needs to be 546 00:24:10,200 --> 00:24:12,280 Speaker 3: time bound. So it needs to be timely. You need 547 00:24:12,320 --> 00:24:14,480 Speaker 3: to actually set a goal and go I'm going to 548 00:24:14,520 --> 00:24:18,159 Speaker 3: achieve that by December. We're not talking about just staying oh, je, 549 00:24:18,320 --> 00:24:19,600 Speaker 3: do you want to save money? Yeah, I want to 550 00:24:19,600 --> 00:24:22,400 Speaker 3: save ten ground? Great, Like no, I want to save 551 00:24:22,440 --> 00:24:24,960 Speaker 3: ten ground by December twenty twenty two. And this is 552 00:24:24,960 --> 00:24:27,800 Speaker 3: the specific date. Like we want to be specific and 553 00:24:27,800 --> 00:24:30,080 Speaker 3: we want to have a time and then we also 554 00:24:30,160 --> 00:24:32,240 Speaker 3: want to be able to measure that goal. So if 555 00:24:32,280 --> 00:24:34,439 Speaker 3: we're not able to measure it. How are we going 556 00:24:34,520 --> 00:24:36,520 Speaker 3: to work out if we've achieved it or not? How 557 00:24:36,520 --> 00:24:38,200 Speaker 3: are you going to measure it? You're going to measure 558 00:24:38,200 --> 00:24:41,240 Speaker 3: it by breaking that down. Okay, every single month, I'm 559 00:24:41,280 --> 00:24:44,160 Speaker 3: going to save five hundred dollars towards that goal, and 560 00:24:44,200 --> 00:24:46,480 Speaker 3: that's how I'm going to measure my success because after 561 00:24:46,520 --> 00:24:48,800 Speaker 3: two months, I should have one thousand dollars, and after 562 00:24:48,880 --> 00:24:51,399 Speaker 3: this entire time period, I should have that ten thousand 563 00:24:51,440 --> 00:24:53,879 Speaker 3: dollars and I can check in with myself and measure 564 00:24:53,960 --> 00:24:56,360 Speaker 3: whether I'm on track or not. So that is how 565 00:24:56,400 --> 00:24:59,720 Speaker 3: I would recommend setting goals. But to really backtrack here 566 00:25:00,240 --> 00:25:01,720 Speaker 3: is very in line with the way that I've written 567 00:25:01,760 --> 00:25:04,040 Speaker 3: the book and what has I guess come to be 568 00:25:04,160 --> 00:25:07,400 Speaker 3: the way that she's on the Money podcast flow happens 569 00:25:07,600 --> 00:25:11,200 Speaker 3: is before you even think about setting goals, know yourself, 570 00:25:11,280 --> 00:25:14,359 Speaker 3: know your money story, Understand who you are and why 571 00:25:14,440 --> 00:25:17,240 Speaker 3: you are the way you are, because if you don't 572 00:25:17,320 --> 00:25:19,200 Speaker 3: understand that, it's going to be really hard to set 573 00:25:19,240 --> 00:25:21,240 Speaker 3: goals that you're going to stick to. It's going to 574 00:25:21,280 --> 00:25:23,720 Speaker 3: be really hard to set goals that you actually feel 575 00:25:23,720 --> 00:25:27,560 Speaker 3: like you can achieve. So understand that, then understand your budget, 576 00:25:27,720 --> 00:25:30,280 Speaker 3: because why are we setting goals before we know how 577 00:25:30,359 --> 00:25:33,399 Speaker 3: much money we have. If you were setting goals before 578 00:25:33,400 --> 00:25:35,359 Speaker 3: you know how much money you have, you are setting 579 00:25:35,359 --> 00:25:37,840 Speaker 3: yourself up for failure. Because gee, if you said to me, 580 00:25:37,880 --> 00:25:40,440 Speaker 3: all right, back to this ten thousand dollar example, I'm 581 00:25:40,440 --> 00:25:42,360 Speaker 3: going to save ten grand by the end of the year, Victoria, 582 00:25:42,760 --> 00:25:45,240 Speaker 3: that is so sick g I'm so excited. I want 583 00:25:45,280 --> 00:25:46,800 Speaker 3: to hear all about it. I want to know when 584 00:25:46,800 --> 00:25:50,080 Speaker 3: you've achieved that. How much free cash flow have you got? Oh? Like, 585 00:25:50,200 --> 00:25:52,040 Speaker 3: I think I have like a grand of free cash 586 00:25:52,040 --> 00:25:55,600 Speaker 3: flow this year. Okay, So how are you achieving that 587 00:25:55,640 --> 00:25:58,240 Speaker 3: ten thousand dollars? Oh? I don't know. Like it's just 588 00:25:58,240 --> 00:26:01,159 Speaker 3: something I've always wanted to do. Okay, But Georgie, you 589 00:26:01,160 --> 00:26:03,440 Speaker 3: can't afford to do that, and you're not going to 590 00:26:03,480 --> 00:26:05,760 Speaker 3: achieve your goal. And then by the time you say 591 00:26:05,760 --> 00:26:07,159 Speaker 3: that you're going to get to that goal, it's not 592 00:26:07,200 --> 00:26:09,000 Speaker 3: going to happen, and you're going to feel really flat 593 00:26:09,000 --> 00:26:10,520 Speaker 3: and you're gonna feel deflated, and then you're going to 594 00:26:10,560 --> 00:26:12,639 Speaker 3: feel like you're really bad at saving. Like that's actually 595 00:26:12,680 --> 00:26:14,840 Speaker 3: a really bad idea, Like, don't set a goal that 596 00:26:14,840 --> 00:26:17,320 Speaker 3: you're going to feel like crap. About like, why would 597 00:26:17,320 --> 00:26:19,840 Speaker 3: you do that to yourself? That's really mean. Yeah, so 598 00:26:20,080 --> 00:26:23,040 Speaker 3: understand your budget. And I shouldn't be telling you this 599 00:26:23,119 --> 00:26:25,040 Speaker 3: because it technically is only meant to be for the 600 00:26:25,080 --> 00:26:27,960 Speaker 3: people who bought the book. But on our website you 601 00:26:27,960 --> 00:26:31,600 Speaker 3: can download the sheets on the Muddy Budgeting Tool for free. Yeah, 602 00:26:31,680 --> 00:26:35,359 Speaker 3: so going down there that it's just a basic budget spreadsheet. 603 00:26:35,400 --> 00:26:37,840 Speaker 3: It's not like the budget and Cashlow master class. It's 604 00:26:37,920 --> 00:26:41,119 Speaker 3: not that bougie one. It's just a basic this is 605 00:26:41,119 --> 00:26:43,240 Speaker 3: my spending, this is my earn, this is my own, 606 00:26:43,400 --> 00:26:45,720 Speaker 3: this is my O and this is my income. And 607 00:26:45,800 --> 00:26:48,440 Speaker 3: for me, it's just a really good way to see 608 00:26:48,480 --> 00:26:51,280 Speaker 3: what you're spending and wet not asking you to allocate 609 00:26:51,320 --> 00:26:54,560 Speaker 3: a certain amount to a grocery budget or whatever. It's 610 00:26:54,600 --> 00:26:56,679 Speaker 3: actually just saying what do you spend g put it 611 00:26:56,720 --> 00:26:58,399 Speaker 3: all in here and we'll tell you if you have 612 00:26:58,440 --> 00:27:00,760 Speaker 3: surplus cash flow or not, and then it will spit 613 00:27:00,800 --> 00:27:03,320 Speaker 3: out at the bottom. It'll say, okay, well you're actually 614 00:27:03,320 --> 00:27:05,840 Speaker 3: spending more than your earning, or it'll say, oh gee, 615 00:27:05,840 --> 00:27:08,480 Speaker 3: you actually have like eleven thousand dollars free this year 616 00:27:08,680 --> 00:27:11,119 Speaker 3: that hasn't been allocated in your budget based on what 617 00:27:11,240 --> 00:27:13,879 Speaker 3: you earn, how are you going to save that? So 618 00:27:13,920 --> 00:27:15,400 Speaker 3: you can work it out from there. And I think 619 00:27:15,400 --> 00:27:17,600 Speaker 3: that that's a really cool tool and I wanted to 620 00:27:17,640 --> 00:27:20,000 Speaker 3: share it, even though I technically probably wasn't meant to. 621 00:27:20,040 --> 00:27:22,680 Speaker 3: But what I want you guys to have the tools 622 00:27:22,840 --> 00:27:26,120 Speaker 3: to be successful. And I think that by understanding that, 623 00:27:26,400 --> 00:27:28,639 Speaker 3: then you can set a goal that makes sense. Because 624 00:27:28,640 --> 00:27:30,920 Speaker 3: if that budget spreadsheet for you spat out that you 625 00:27:31,040 --> 00:27:34,280 Speaker 3: only had eight grand but you really wanted to save ten, well, 626 00:27:34,320 --> 00:27:36,679 Speaker 3: then that gives you the opportunity to then look at 627 00:27:36,680 --> 00:27:39,760 Speaker 3: your budget again go okay, cool, I'm spending more on this. 628 00:27:40,160 --> 00:27:42,640 Speaker 3: If I strip back, you know, going out so much, 629 00:27:42,720 --> 00:27:44,359 Speaker 3: or if I strip back on how much I'm spending 630 00:27:44,400 --> 00:27:47,120 Speaker 3: on clothes, or you know, go and rejig my insurance 631 00:27:47,160 --> 00:27:50,440 Speaker 3: policies and negotiate better deals that'll free up some cash flow. 632 00:27:50,760 --> 00:27:53,840 Speaker 3: So then I can achieve that goal of ten grand. 633 00:27:54,040 --> 00:27:56,040 Speaker 3: We can find it, and we can set ourselves up 634 00:27:56,040 --> 00:27:58,760 Speaker 3: for success from the start. But to set ourselves up 635 00:27:58,760 --> 00:28:02,639 Speaker 3: for success means actually creating a plan that makes sense, 636 00:28:03,000 --> 00:28:05,679 Speaker 3: not just creating a plan, because how many times have 637 00:28:05,760 --> 00:28:09,119 Speaker 3: we actually just been like, oh, the plan is okay? 638 00:28:09,240 --> 00:28:11,720 Speaker 3: Is it booked? Is it happening? Are we on the road, 639 00:28:11,880 --> 00:28:13,760 Speaker 3: Do we have the map? Do we have enough petrol? 640 00:28:14,040 --> 00:28:17,159 Speaker 3: But be like I don't even know to car? Yeah? Okay, 641 00:28:17,320 --> 00:28:19,800 Speaker 3: so how are we getting there? So you need to 642 00:28:19,840 --> 00:28:22,159 Speaker 3: set yourself up for success from the start, and if 643 00:28:22,200 --> 00:28:24,719 Speaker 3: you don't do that, you are doing yourself a disservice 644 00:28:24,920 --> 00:28:27,320 Speaker 3: because you're not going to achieve that goal and then 645 00:28:27,320 --> 00:28:29,600 Speaker 3: you're gonna feel terrible and that is not what we 646 00:28:29,640 --> 00:28:30,040 Speaker 3: do here. 647 00:28:30,440 --> 00:28:34,359 Speaker 1: So what if the jan one you really sat down 648 00:28:34,400 --> 00:28:36,640 Speaker 1: to understand your money story. You knew who you were, 649 00:28:36,840 --> 00:28:39,680 Speaker 1: You had that sorted, then you nailed your budget, you 650 00:28:39,760 --> 00:28:42,080 Speaker 1: had that sorted, your cash flow systems. It all made sense. 651 00:28:42,120 --> 00:28:43,840 Speaker 3: It was practiced that these goals that were great. 652 00:28:44,040 --> 00:28:47,160 Speaker 1: But now it's up to July first, and you're just 653 00:28:47,240 --> 00:28:50,520 Speaker 1: feeling a bit like, meh, what's it all for? I'm 654 00:28:50,560 --> 00:28:51,440 Speaker 1: not rich yet? 655 00:28:52,160 --> 00:28:54,680 Speaker 3: Girl, Like, imagine if you could get rich in only 656 00:28:54,720 --> 00:28:55,840 Speaker 3: six months, it'd be nice. 657 00:28:55,880 --> 00:28:56,600 Speaker 1: Oh my gosh. 658 00:28:56,640 --> 00:28:59,600 Speaker 3: It is the long term. It's about enjoying the journey 659 00:28:59,680 --> 00:29:02,800 Speaker 3: as well as working towards a final destination. Like I 660 00:29:02,840 --> 00:29:05,840 Speaker 3: get it. It can feel really uninspiring, And something that 661 00:29:05,880 --> 00:29:07,880 Speaker 3: I think is really important is to set mini goals 662 00:29:07,920 --> 00:29:10,560 Speaker 3: for yourself. So back to our example of ten grand, 663 00:29:10,600 --> 00:29:13,520 Speaker 3: which seems to be the theme of this episode. If 664 00:29:13,560 --> 00:29:15,720 Speaker 3: you're feeling like that ten thousand dollars is really out 665 00:29:15,760 --> 00:29:19,160 Speaker 3: of reach, cool put in mini goals, right, I want 666 00:29:19,160 --> 00:29:21,200 Speaker 3: to save my first thousand, and then I'm going to 667 00:29:21,240 --> 00:29:23,560 Speaker 3: celebrate when I get twenty five hundred dollars, and then 668 00:29:23,600 --> 00:29:25,880 Speaker 3: I'm going to celebrate five grand, and then I'm going 669 00:29:25,960 --> 00:29:28,320 Speaker 3: to celebrate seven and a half thousand dollars. Like we 670 00:29:28,360 --> 00:29:30,960 Speaker 3: want to celebrate the small wins, like make a little 671 00:29:31,040 --> 00:29:33,280 Speaker 3: chart tracker and maybe I'll make another one of these 672 00:29:33,320 --> 00:29:35,320 Speaker 3: in the future of just like being able to track 673 00:29:35,360 --> 00:29:37,520 Speaker 3: your savings goals that we can stick on our fridge 674 00:29:37,520 --> 00:29:39,360 Speaker 3: and we just like color it in so we can 675 00:29:39,400 --> 00:29:42,000 Speaker 3: see where we're at and we can actually see what 676 00:29:42,160 --> 00:29:45,680 Speaker 3: we're achieving. Because if we can visually see that achievement, 677 00:29:45,800 --> 00:29:48,120 Speaker 3: it feels more real. And when it comes to money, 678 00:29:48,400 --> 00:29:51,360 Speaker 3: like that's hidden and that's half the issue with money, right, 679 00:29:51,440 --> 00:29:53,880 Speaker 3: Like if it's in your bank account, you're not open 680 00:29:53,920 --> 00:29:55,720 Speaker 3: on your banking app, you kind of feel like what 681 00:29:55,840 --> 00:29:58,360 Speaker 3: else have I got? Like you don't see it, So 682 00:29:58,400 --> 00:30:01,160 Speaker 3: how can you visualize that for you yourself, because I 683 00:30:01,200 --> 00:30:03,000 Speaker 3: have a feeling that a lot of people are actually 684 00:30:03,040 --> 00:30:06,200 Speaker 3: really visual learners and visual people because I am, and 685 00:30:06,240 --> 00:30:09,000 Speaker 3: I just assume that that's quite normal. If I had 686 00:30:09,000 --> 00:30:11,800 Speaker 3: a savings chart on my fridge, which I've done literally 687 00:30:11,880 --> 00:30:14,320 Speaker 3: so many times, I've lost account. If I had a 688 00:30:14,360 --> 00:30:17,080 Speaker 3: savings chart, like it makes me feel like I'm on track. 689 00:30:17,320 --> 00:30:19,120 Speaker 3: It's like when you meal prep and you like put 690 00:30:19,120 --> 00:30:20,720 Speaker 3: the list of things on the fridge that you know 691 00:30:20,800 --> 00:30:23,600 Speaker 3: you're gonna have on Monday, Tuesday, Wednesday, Thursday, Like it 692 00:30:23,720 --> 00:30:26,000 Speaker 3: makes sense and you kind of stay on track. But 693 00:30:26,040 --> 00:30:28,560 Speaker 3: if it's not front of mind, it's not gonna happen. 694 00:30:28,880 --> 00:30:30,920 Speaker 3: So for me, I think it's just about can you 695 00:30:31,000 --> 00:30:33,600 Speaker 3: make that visual? Because if you're not on track or 696 00:30:33,600 --> 00:30:36,480 Speaker 3: you're feeling a little bit flat, like, yeah, make it visual, 697 00:30:36,560 --> 00:30:38,880 Speaker 3: but also double check if those goals actually align to 698 00:30:38,920 --> 00:30:41,680 Speaker 3: your values. Yep. Like if you say I can't, I 699 00:30:41,720 --> 00:30:44,280 Speaker 3: can't be bothered. It just feels so overwhelming and like 700 00:30:44,280 --> 00:30:46,440 Speaker 3: I'm just done inspired by this, and I'll be like, oh, gee, 701 00:30:46,480 --> 00:30:49,440 Speaker 3: what's your goal? You go saving for a house and 702 00:30:49,480 --> 00:30:51,920 Speaker 3: I go okay, Like that doesn't sound like something that 703 00:30:51,960 --> 00:30:54,600 Speaker 3: you're overly excited about. Nah, but I just really think 704 00:30:54,640 --> 00:30:58,200 Speaker 3: I should. Okay, let's have a chat about that, because 705 00:30:58,200 --> 00:31:00,760 Speaker 3: if you're saving for something that doesn't actually aligned to 706 00:31:00,800 --> 00:31:03,000 Speaker 3: your values, you're not going to get that sense of 707 00:31:03,000 --> 00:31:06,280 Speaker 3: accomplishment that you're probably yearning for. Yeah, let's work out 708 00:31:06,480 --> 00:31:09,760 Speaker 3: what you actually want to do. Maybe we change the goal. 709 00:31:09,960 --> 00:31:13,000 Speaker 3: Maybe it's for this massive overseas trip. Maybe it is 710 00:31:13,040 --> 00:31:15,760 Speaker 3: for you know, an investment that's going to create your 711 00:31:15,800 --> 00:31:18,520 Speaker 3: passive income in the future. Let's make it about you 712 00:31:18,720 --> 00:31:21,200 Speaker 3: rather than about what you think it should be. 713 00:31:22,240 --> 00:31:24,240 Speaker 1: The other reason V I think it's important to keep 714 00:31:24,280 --> 00:31:29,480 Speaker 1: yourself motivated is because and this could be changing these 715 00:31:29,600 --> 00:31:32,160 Speaker 1: days and within our community. But it's not like you 716 00:31:32,280 --> 00:31:35,800 Speaker 1: reach a savings milestone. You're like, chicks, g you saved 717 00:31:35,880 --> 00:31:39,480 Speaker 1: twenty k. Like that's still quite cringe and people would 718 00:31:39,600 --> 00:31:42,200 Speaker 1: maybe it's not crange, don't you call that creepy? But like, 719 00:31:42,280 --> 00:31:43,280 Speaker 1: is that bragging? 720 00:31:43,440 --> 00:31:47,000 Speaker 3: Like, no, that's totally bra totally yeah, totally brag. 721 00:31:47,120 --> 00:31:48,440 Speaker 1: Good Are you allowed to do that? 722 00:31:48,560 --> 00:31:50,560 Speaker 3: You totally are allowed to do that. To be honest, 723 00:31:50,560 --> 00:31:52,640 Speaker 3: if you've got friends that aren't celebrating the goals that 724 00:31:52,680 --> 00:31:55,520 Speaker 3: you've been working your butt off to achieve, get new friends. 725 00:31:55,600 --> 00:31:58,120 Speaker 1: Yeah, get your friends, well strike out my point. 726 00:31:58,880 --> 00:32:01,120 Speaker 3: No, no, no, But it's serious though, Like if you 727 00:32:01,160 --> 00:32:04,000 Speaker 3: don't feel like it can be tricky, right, Like if 728 00:32:04,080 --> 00:32:07,040 Speaker 3: you're so stoked that you've just reached about it, yeah, 729 00:32:07,080 --> 00:32:09,320 Speaker 3: like how epic would that be? But then you know 730 00:32:09,360 --> 00:32:11,560 Speaker 3: that your friend is struggling and in debt, like that 731 00:32:11,600 --> 00:32:14,600 Speaker 3: can feel really hard and it can feel like, oh, 732 00:32:14,600 --> 00:32:17,120 Speaker 3: I probably shouldn't be talking about this, but find a 733 00:32:17,160 --> 00:32:19,200 Speaker 3: way to celebrate it. Obviously, don't go and rub it 734 00:32:19,240 --> 00:32:20,920 Speaker 3: in the face of the friend that just opens up 735 00:32:20,920 --> 00:32:22,320 Speaker 3: to you that they're in a whole heap of debt, 736 00:32:22,320 --> 00:32:24,880 Speaker 3: because I just think that's insensitive. But if you read 737 00:32:24,880 --> 00:32:26,680 Speaker 3: the room right and you've got friends that know that 738 00:32:26,720 --> 00:32:29,600 Speaker 3: you've been saving, like absolutely share it. And if you 739 00:32:29,640 --> 00:32:32,560 Speaker 3: don't have anybody else to share it with, please message me. Like, 740 00:32:32,640 --> 00:32:34,920 Speaker 3: I swear to god, they are my favorite messages to 741 00:32:34,960 --> 00:32:37,280 Speaker 3: get people saying, hey, the like I don't have anyone 742 00:32:37,360 --> 00:32:39,880 Speaker 3: to share this with, but I've just reached my savings 743 00:32:39,920 --> 00:32:43,120 Speaker 3: goal and I'm so excited because I'm halfway to buying 744 00:32:43,120 --> 00:32:45,720 Speaker 3: a house and I'm just like, hecky, yeah, Like these 745 00:32:45,720 --> 00:32:48,640 Speaker 3: are the best messages, Like, please don't feel like you 746 00:32:48,680 --> 00:32:50,800 Speaker 3: don't have anyone to share it with because you've got 747 00:32:50,920 --> 00:32:52,920 Speaker 3: She's on the Money. If you don't have people that 748 00:32:52,960 --> 00:32:54,840 Speaker 3: you want to share it with and she already shared 749 00:32:54,840 --> 00:32:56,840 Speaker 3: it with somebody else, still share it with. 750 00:32:56,920 --> 00:32:59,680 Speaker 1: Us the money wind thread dmo exactly. 751 00:33:00,440 --> 00:33:01,720 Speaker 3: If you don't want it on the Money, win three 752 00:33:01,720 --> 00:33:04,200 Speaker 3: it or jump into the Facebook group and share it there. Like, 753 00:33:04,480 --> 00:33:08,120 Speaker 3: we genuinely love knowing that you're achieving your goals and 754 00:33:08,160 --> 00:33:11,120 Speaker 3: it makes me so happy, Like how cool would it 755 00:33:11,120 --> 00:33:12,800 Speaker 3: be to one day be able to quantify just how 756 00:33:12,880 --> 00:33:16,400 Speaker 3: much people have saved in our community, like how are 757 00:33:16,440 --> 00:33:16,960 Speaker 3: we going to do it? 758 00:33:17,000 --> 00:33:19,400 Speaker 1: But you'll find a way, my friend, you will. 759 00:33:19,240 --> 00:33:21,440 Speaker 3: Find a way, and we can be like, oh, this 760 00:33:21,480 --> 00:33:24,320 Speaker 3: is how many millions that She's on the Money community 761 00:33:24,400 --> 00:33:28,040 Speaker 3: combined have said, like, how that's huge? Anyway, that's all 762 00:33:28,040 --> 00:33:28,880 Speaker 3: I've got? Love? 763 00:33:29,320 --> 00:33:33,200 Speaker 1: Oh good it mate. So I guess in some today, guys, 764 00:33:33,240 --> 00:33:35,600 Speaker 1: if you feel like you're lacking motivation right now, that 765 00:33:35,720 --> 00:33:39,040 Speaker 1: is very normal. So don't beat yourself up, but do 766 00:33:39,360 --> 00:33:42,840 Speaker 1: use this Midia milestone to reinvigorate yourself. Set those new goals, 767 00:33:42,880 --> 00:33:45,120 Speaker 1: reflect on your budget, tweak it how you need to 768 00:33:45,120 --> 00:33:48,280 Speaker 1: tweak it, and just be kind to yourself, I think, 769 00:33:48,360 --> 00:33:51,640 Speaker 1: because as we always say, the road to financial freedom 770 00:33:51,680 --> 00:33:53,560 Speaker 1: is really long. It's not going to happen overnight. So 771 00:33:53,760 --> 00:33:56,520 Speaker 1: just be kind, keep on doing it, and even just 772 00:33:56,560 --> 00:33:59,600 Speaker 1: listening to this, to this podcast is an accomplishment enough. 773 00:33:59,600 --> 00:34:04,080 Speaker 3: I think Gosh's educating yourself exactly. And celebrate those things 774 00:34:04,160 --> 00:34:07,720 Speaker 3: because I get messages from people all the time, and 775 00:34:07,800 --> 00:34:10,719 Speaker 3: I didn't anticipate getting messages like this, but I'm really 776 00:34:10,719 --> 00:34:14,920 Speaker 3: grateful for them. Nonetheless, but people will message and say, hey, Victoria, 777 00:34:15,480 --> 00:34:18,040 Speaker 3: so many of my friends have recommended the podcast, and 778 00:34:18,239 --> 00:34:20,279 Speaker 3: I'm really sorry, but I haven't listened to I don't 779 00:34:20,280 --> 00:34:23,080 Speaker 3: want to hear a money podcast. I'm like, oh want 780 00:34:23,120 --> 00:34:26,080 Speaker 3: thanks for messaging me. But two, like, I get it. 781 00:34:26,200 --> 00:34:28,960 Speaker 3: Not everybody's ready to hear about money. Like a lot 782 00:34:29,000 --> 00:34:31,279 Speaker 3: of people feel like it's an overwhelming topic and they 783 00:34:31,320 --> 00:34:33,640 Speaker 3: just don't know where to start. And obviously we are 784 00:34:33,640 --> 00:34:35,239 Speaker 3: a little bit biased and we think that She's on 785 00:34:35,280 --> 00:34:37,840 Speaker 3: the Money is a great place to start, but a 786 00:34:37,840 --> 00:34:40,200 Speaker 3: lot of people still aren't even comfortable with that. And 787 00:34:40,239 --> 00:34:43,400 Speaker 3: that's okay. But like, if you're struggling with something, maybe 788 00:34:43,400 --> 00:34:44,959 Speaker 3: this can be your win for this week. 789 00:34:45,080 --> 00:34:47,480 Speaker 1: Yeah, love it all right, v I think that is 790 00:34:47,560 --> 00:34:48,319 Speaker 1: all we have time for. 791 00:34:48,440 --> 00:34:50,640 Speaker 3: Today, all right, But just before we head off, we'd 792 00:34:50,640 --> 00:34:53,520 Speaker 3: like to acknowledge and pay respect to Australia's Aboriginal and 793 00:34:53,560 --> 00:34:57,320 Speaker 3: Torris Straight Islander people's they're the traditional custodians of the land, 794 00:34:57,440 --> 00:35:00,839 Speaker 3: the waterways and the skies all across Australia. Well, thank 795 00:35:00,880 --> 00:35:02,600 Speaker 3: you for sharing and the caring for the land on 796 00:35:02,640 --> 00:35:05,040 Speaker 3: which we are able to learn. We pay our respects 797 00:35:05,080 --> 00:35:07,520 Speaker 3: to elders past and present, and we share our friendship 798 00:35:07,520 --> 00:35:08,440 Speaker 3: and our kindness. 799 00:35:08,560 --> 00:35:10,960 Speaker 1: The advice shared on she Is on the Money is 800 00:35:11,040 --> 00:35:14,440 Speaker 1: general in nature and does not consider your individual circumstances. 801 00:35:14,760 --> 00:35:17,960 Speaker 1: She's on the Money exists purely for educational purposes and 802 00:35:17,960 --> 00:35:20,360 Speaker 1: should not be relied upon to make an investment or 803 00:35:20,400 --> 00:35:24,239 Speaker 1: a financial decision. And we promise VICKID is an authorized 804 00:35:24,320 --> 00:35:29,160 Speaker 1: representative of Australia Pacific Funds Management Proprietary Limited ABN three 805 00:35:29,239 --> 00:35:31,440 Speaker 1: four one three two four six three two five seven 806 00:35:31,480 --> 00:35:34,400 Speaker 1: AFSL three three nine one five one And. 807 00:35:34,400 --> 00:35:36,560 Speaker 3: As always, we would love to invite you to join 808 00:35:36,600 --> 00:35:38,920 Speaker 3: our Facebook group. If you haven't already, please joined us. 809 00:35:38,920 --> 00:35:41,600 Speaker 3: So She's on the Money eight us and join us 810 00:35:41,640 --> 00:35:43,439 Speaker 3: and if you've already joined us and you're still looking 811 00:35:43,440 --> 00:35:46,360 Speaker 3: for more ways to engage, but obviously on Instagram. We 812 00:35:46,480 --> 00:35:49,480 Speaker 3: now have a book, Georgia Killum Book, a number one 813 00:35:49,560 --> 00:35:53,880 Speaker 3: best sellerbook Stop. We've got a master class where you 814 00:35:53,920 --> 00:35:56,239 Speaker 3: and I can hang out and actually do budget and 815 00:35:56,239 --> 00:35:58,799 Speaker 3: cash flow together. I think New Year Knew Me is 816 00:35:58,840 --> 00:36:01,960 Speaker 3: a great time to do that. And we've also started 817 00:36:01,960 --> 00:36:05,160 Speaker 3: making a whole hep more tiktoks, so we've got a 818 00:36:05,160 --> 00:36:07,160 Speaker 3: lot to share. Got it all, and we'll see you 819 00:36:07,239 --> 00:36:07,560 Speaker 3: next week. 820 00:36:07,600 --> 00:36:08,400 Speaker 1: Guys, See you, guys. 821 00:36:08,480 --> 00:36:12,600 Speaker 3: Bye bye.