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New Financial Year, New Financial Goals · She's On The Money

• 0:00
  Speaker 1: She's on the Money.
• 0:02
  Speaker 2: She's on the Money.
• 0:20
  Speaker 1: Hello, and welcome to She's on the Money, the podcast
• 0:23
  Speaker 1: for millennials who want financial freedom. Today is the final
• 0:27
  Speaker 1: day of the financial year, which means tomorrow is the
• 0:30
  Speaker 1: start of a brand new one.
• 0:32
  Speaker 3: It's also my birthday.
• 0:33
  Speaker 1: Stop it.
• 0:33
  Speaker 3: It's the end of financial year, and it's also my birthday.
• 0:36
  Speaker 1: That is like the perfectly timed B day for a
• 0:39
  Speaker 1: financial Advisor's actually insane.
• 0:40
  Speaker 3: Also, how how many tickets have I got on myself
• 0:43
  Speaker 3: to like not even let you finish the for to
• 0:45
  Speaker 3: be like, it's my birthday, it's.
• 0:47
  Speaker 1: Important, it's important thirty today. So now everyone has got
• 0:50
  Speaker 1: that written down, let's actually get to you, let's get
• 0:53
  Speaker 1: in the episode. So we did think we would dedicate
• 0:56
  Speaker 1: today's episode to talking you through the tools that you'll
• 0:58
  Speaker 1: need if you're in the market for a midyear money reset,
• 1:02
  Speaker 1: which I feel like I could definitely be getting around myself.
• 1:05
  Speaker 3: I'm so here for this, and as a financial advisor,
• 1:08
  Speaker 3: and obviously someone who is, i'd say, just like mildly
• 1:12
  Speaker 3: passionate about finance, mildly I get to talk about this
• 1:15
  Speaker 3: on my thirtieth birthday, got to B day? What a
• 1:18
  Speaker 3: better way to celebrate absolutely now.
• 1:21
  Speaker 1: My name is Georgia King, and showning me on the
• 1:24
  Speaker 1: other end of the desk is Miss Victoria Divine talk
• 1:28
  Speaker 1: us through it. Why is the first of July a
• 1:30
  Speaker 1: good time to reset our money mindset? Because so many
• 1:34
  Speaker 1: times we fall off the bandwagon halfway through the year.
• 1:37
  Speaker 1: It is so easy to set goals at the start
• 1:39
  Speaker 1: of the year and then by June thirty we've kind
• 1:42
  Speaker 1: of like whatever, like I'll work it out later.
• 1:45
  Speaker 3: Yeah, And I feel like having a date that we
• 1:48
  Speaker 3: reset on is going to be really empowering so that
• 1:50
  Speaker 3: we can stay on track for the next six months.
• 1:52
  Speaker 3: It's also a really good time to check in around
• 1:54
  Speaker 3: your goals and how you're tracking. Because if you said
• 1:57
  Speaker 3: to yourself, Okay, I'm going to save ten thousand dollars
• 1:59
  Speaker 3: this year, and by the thirtieth of June you don't
• 2:02
  Speaker 3: have five thousand dollars, we really need to check in
• 2:04
  Speaker 3: because if you're planning on getting to that ten grand,
• 2:08
  Speaker 3: like maybe you had plans to be more aggressive in
• 2:10
  Speaker 3: the last six months of that saving plan, but if
• 2:12
  Speaker 3: you didn't, unfortunately, you're just going to be disappointed. Come
• 2:16
  Speaker 3: December thirty first, that's last day of to say, yep,
• 2:20
  Speaker 3: come with actual New Year, and you'll just be feeling
• 2:23
  Speaker 3: a bit flat. Whereas right now we have the power
• 2:26
  Speaker 3: to change the plan, and if you're not on track
• 2:28
  Speaker 3: to meet a goal, we can update that plan or
• 2:30
  Speaker 3: change the goal or change the timeline so that we
• 2:33
  Speaker 3: don't get disappointed. And I think it's really important to
• 2:36
  Speaker 3: be on track and aware of what we're doing and
• 2:39
  Speaker 3: not just set goals once a year, because that's bland,
• 2:41
  Speaker 3: and I genuinely don't believe we should have to set
• 2:43
  Speaker 3: goals at certain periods of time, Like, if you want
• 2:45
  Speaker 3: to do it, set the goal, get it done, do
• 2:47
  Speaker 3: it now. But for a lot of people, we like
• 2:49
  Speaker 3: to have a specific date to get in order, and
• 2:51
  Speaker 3: like we like feeling like New Year, knew me. We
• 2:54
  Speaker 3: get that twice a year because it's a financial year,
• 2:56
  Speaker 3: my friend totally.
• 2:57
  Speaker 1: And so why do you think that that is such
• 3:01
  Speaker 1: a big thing for so many people? I know for
• 3:03
  Speaker 1: me it is. You know, if I'm like, all right,
• 3:05
  Speaker 1: start the gym, go on every day on Monday, like
• 3:07
  Speaker 1: you actually do that, though I know it was a
• 3:10
  Speaker 1: bad example relat she goes to the gym literally.
• 3:14
  Speaker 3: Every single day.
• 3:15
  Speaker 1: Guy makes me sound like lose that. But the idea
• 3:17
  Speaker 1: of like i'll start it on Monday, I'll start it
• 3:19
  Speaker 1: on jan first, I'll start it at the new financial year.
• 3:23
  Speaker 1: What is it about that fresh start that we're so
• 3:26
  Speaker 1: attracted to.
• 3:27
  Speaker 3: I think we just like having structure. People like feeling
• 3:30
  Speaker 3: like there's a clean slate. We love the feeling of
• 3:34
  Speaker 3: new year and new me like, we love feeling like
• 3:36
  Speaker 3: we've got another opportunity to succeed. And I think that
• 3:39
  Speaker 3: that's a really positive thing. But I also really don't
• 3:42
  Speaker 3: like the idea that if you've quote messed up, that
• 3:46
  Speaker 3: you need to hold yourself hostage over that. Like so
• 3:48
  Speaker 3: many people like, oh, well, I guess I've absolutely screwed
• 3:52
  Speaker 3: up this month. I'll just start again next month. I
• 3:54
  Speaker 3: don't subscribe to that notion at all. It's kind of
• 3:57
  Speaker 3: like if someone's been on a diet for a really
• 3:58
  Speaker 3: long time and then they go on a bit of
• 4:00
  Speaker 3: a bender with their friends and eat like fifty miles
• 4:03
  Speaker 3: bars in one sitting, and then the next day they're like,
• 4:05
  Speaker 3: you know what, I've screwed it up, Like I'm done
• 4:08
  Speaker 3: for Like no, you're not. Just get back on track today, Like, yeah,
• 4:11
  Speaker 3: there's been a bit of a bump in the road,
• 4:12
  Speaker 3: but it's not the end of the world, And like
• 4:14
  Speaker 3: sometimes we do need to go through that to remember
• 4:17
  Speaker 3: that that goal was really important to us and we
• 4:19
  Speaker 3: are getting back on track. So I think for a
• 4:21
  Speaker 3: lot of us, it's just a mental hurdle and it's
• 4:23
  Speaker 3: something that helps us reset and if we can all
• 4:26
  Speaker 3: do it together, I think we're more likely to succeed.
• 4:28
  Speaker 1: Love that teamwork makes the dream work.
• 4:32
  Speaker 3: Wow, that was really inspirational. Yeah, t shirt.
• 4:36
  Speaker 1: Put it on a cushion.
• 4:37
  Speaker 3: Yeah, on one of those like wood planks that mums
• 4:40
  Speaker 3: can put in their kitchens.
• 4:42
  Speaker 1: Oh, Joey has one that says, we've laugh love. How
• 4:45
  Speaker 1: do you know?
• 4:46
  Speaker 3: Does it actually yeah? Oh no, joe what are you doing?
• 4:50
  Speaker 1: Yeah, Joey, poor taste. She actually has good taste. She
• 4:53
  Speaker 1: we had it at the old house.
• 4:56
  Speaker 3: She's to actually say, Yeah, I'm gonna laugh.
• 4:59
  Speaker 1: I think I have an photo of me with it.
• 5:01
  Speaker 1: I'll post coast that in the group. Bless you. Joey
• 5:04
  Speaker 1: shall be listening. I'm sorry, I'm sorry, no judgment, Okay,
• 5:08
  Speaker 1: be back to it. Would you say that it is
• 5:11
  Speaker 1: quite normal for people to experience these money ruts at
• 5:14
  Speaker 1: this time of year.
• 5:15
  Speaker 3: No, absolutely, it is because everything's overwhelming, like especially here
• 5:19
  Speaker 3: in Australia, it's cold. Yep, we're at home more, we're
• 5:23
  Speaker 3: not going out as often as we were before. We're
• 5:26
  Speaker 3: feeling a little bit flat because I think a lot
• 5:28
  Speaker 3: of us actually experience emotional change with the weather, which
• 5:32
  Speaker 3: is very, very common, and we should talk about that more.
• 5:35
  Speaker 3: Like I feel like people just in general are a
• 5:36
  Speaker 3: little bit flatter come winter, and that's okay. There's actually
• 5:39
  Speaker 3: a lot of science behind that. I'm not just.
• 5:41
  Speaker 1: Saying seasonal depression.
• 5:43
  Speaker 3: Yeah, it's called seasonal depression, and I'm not saying everybody
• 5:45
  Speaker 3: has it, but I do think that we're all a
• 5:46
  Speaker 3: little bit just like flat anyway. I do think that
• 5:50
  Speaker 3: it is a nice period of time because six months
• 5:52
  Speaker 3: is a long period of time if you set goals
• 5:54
  Speaker 3: at the start of the year, Like six months is
• 5:57
  Speaker 3: actually a very significant period of time to have not
• 6:00
  Speaker 3: checked in with yourself if you haven't. But also it's
• 6:03
  Speaker 3: just a nice time to check in and say, hey,
• 6:04
  Speaker 3: even if I am achieving my goals right now, I've
• 6:07
  Speaker 3: been working hard on them for the last six months,
• 6:10
  Speaker 3: where am I going now, Like are they still of
• 6:13
  Speaker 3: value to me? Are they steal things I want to do,
• 6:15
  Speaker 3: and you know, a lot of us have been very
• 6:18
  Speaker 3: significantly impacted by COVID. Yay, maybe you had a travel
• 6:23
  Speaker 3: goal and now that's going to be pushed out even further,
• 6:25
  Speaker 3: like what are your goals in the interim? Should we
• 6:28
  Speaker 3: be changing what that looks like to create more financial
• 6:30
  Speaker 3: security in the short term instead of having a really
• 6:33
  Speaker 3: long term goal. So it's just a really good time
• 6:35
  Speaker 3: to check in. And I think that often we feel
• 6:38
  Speaker 3: really inspired by the new year, new me vibes, because
• 6:41
  Speaker 3: I know I am, and I know that I'm like, yeah, cool,
• 6:44
  Speaker 3: a fresh slate, and I've always seen it that way
• 6:47
  Speaker 3: because I am in a June thirty baby. But also
• 6:50
  Speaker 3: it's kind of like new financial year, like why can't
• 6:53
  Speaker 3: I reset my finances now and have a really good
• 6:56
  Speaker 3: financial year to come?
• 6:58
  Speaker 1: Do you think as well, that being in Australia in
• 7:02
  Speaker 1: June July that is bang on in the middle of winter,
• 7:05
  Speaker 1: do you think there is a tendency for people to
• 7:08
  Speaker 1: spend more on like treating themselves at this time of
• 7:11
  Speaker 1: year or is that more of a summer thing because
• 7:13
  Speaker 1: you're like out and about more.
• 7:15
  Speaker 3: I don't know, if I'm honest, we should do some
• 7:17
  Speaker 3: research into that when do you most treat yourself Because
• 7:21
  Speaker 3: I'm pretty good at treating myself with an apparol with
• 7:23
  Speaker 3: my girlfriends in the middle of summer, Yeah, very good
• 7:26
  Speaker 3: at that. Arguably it's one of my best talents. But
• 7:30
  Speaker 3: in winter, I'm far more likely to order Uber eats,
• 7:32
  Speaker 3: that's true dinner. Yeah, and like stay in and be like, oh,
• 7:35
  Speaker 3: I can't be bothered. Like it's raining, it's pouring outside,
• 7:38
  Speaker 3: I don't want to go to the supermarket, and like,
• 7:40
  Speaker 3: I'm really lucky to be able to do that. But
• 7:42
  Speaker 3: I also just think that maybe we treat ourselves in
• 7:45
  Speaker 3: different ways depending on this season. But I also think
• 7:47
  Speaker 3: it's just a good time to check in and just
• 7:50
  Speaker 3: check what's going on and how we can reset ourselves
• 7:53
  Speaker 3: and how we can track our goals better or you know,
• 7:55
  Speaker 3: create new habits if we really want to, or change
• 7:58
  Speaker 3: habits that aren't serving us anymore. And I think that
• 8:01
  Speaker 3: it's just a nice time and I want this podcast
• 8:04
  Speaker 3: to be a little bit of a reminder to be
• 8:05
  Speaker 3: like okay, cool, like sit down, even if it's two
• 8:07
  Speaker 3: or three goals that you just have a look at
• 8:09
  Speaker 3: or one goal, or even just to make a plan
• 8:11
  Speaker 3: for the last six months of the year that doesn't
• 8:14
  Speaker 3: feel as overwhelming as planning for the whole financial year.
• 8:17
  Speaker 3: So for me, it's just about creating new, better habits
• 8:20
  Speaker 3: that serve you.
• 8:21
  Speaker 1: And this doesn't just have to be for money either, right, No,
• 8:25
  Speaker 1: it can extend to a lot of other areas of
• 8:28
  Speaker 1: our lives.
• 8:28
  Speaker 3: Yeah, absolutely, And I want everybody to just have goals
• 8:31
  Speaker 3: in general. And I think that that's such a common
• 8:34
  Speaker 3: misconception when you talk about financial advisors as well, because
• 8:37
  Speaker 3: I actually work with my clients on all their goals.
• 8:40
  Speaker 3: I don't work with my clients on just finances, and
• 8:42
  Speaker 3: I think maybe some financial advisors don't do this. Maybe
• 8:46
  Speaker 3: I'm not the norm, but like, gee, if you're my client,
• 8:49
  Speaker 3: I would be like, okay, cool, what do you want
• 8:50
  Speaker 3: to achieve financially? Okay? But what about in life? What
• 8:53
  Speaker 3: does your career look like? What does everything else look like?
• 8:55
  Speaker 3: Or what are we working towards? Because I'm on the
• 8:57
  Speaker 3: journey with you and I know so much about you,
• 9:00
  Speaker 3: And like, even next week, I've got a meeting booked
• 9:02
  Speaker 3: in with one of my clients and I'm so excited
• 9:04
  Speaker 3: about it because she has just finished her Bachelor of
• 9:07
  Speaker 3: psych Sciences. What I did, Yeah, that she wants to
• 9:10
  Speaker 3: check in and just like have a chat about what
• 9:12
  Speaker 3: her plans are moving forward, because I think that I
• 9:16
  Speaker 3: become that sounding board for people where I know you
• 9:18
  Speaker 3: so intimately when it comes to finances, and more often
• 9:22
  Speaker 3: than not, that means that I have a really good
• 9:24
  Speaker 3: understanding of you personally as well, and maybe that leans
• 9:27
  Speaker 3: more towards me being a psych Like, let's be honest,
• 9:30
  Speaker 3: having a background in psychology does really help me here
• 9:33
  Speaker 3: so that I can have these conversations. But yeah, I
• 9:36
  Speaker 3: think it's about what goals do you have? Like do
• 9:38
  Speaker 3: you want to set another healthy habit? Do you want
• 9:40
  Speaker 3: to you know, say more positive things to yourself? Do
• 9:43
  Speaker 3: you want to you know, spend more time with friends
• 9:45
  Speaker 3: and family. Do you want to go in and walk
• 9:47
  Speaker 3: every single morning for your mental health? Like it could
• 9:50
  Speaker 3: be anything. It's just a good reminder to be like, hey,
• 9:53
  Speaker 3: tomorrow is July first, Yeah, what are you going to
• 9:56
  Speaker 3: do for yourself?
• 9:57
  Speaker 1: Yeah?
• 9:57
  Speaker 3: I think it's about putting yourself first like.
• 10:00
  Speaker 1: That, And we will talk about goal setting a little
• 10:02
  Speaker 1: later on in today's show. So B, how can we
• 10:06
  Speaker 1: tangibly assess how we've gone over the last financial year
• 10:10
  Speaker 1: or the last six months. So if you did set goals,
• 10:12
  Speaker 1: it's obviously a good time to be checking in and
• 10:15
  Speaker 1: looking back and saying did I achieve that?
• 10:17
  Speaker 3: And what did that mean? And I think that we
• 10:19
  Speaker 3: don't check in enough with ourselves. So I'm not saying regularly,
• 10:23
  Speaker 3: I mean you don't do it properly when you do
• 10:26
  Speaker 3: check in. So g if I said to you, have
• 10:28
  Speaker 3: you achieved your goal? You might go yes or no?
• 10:30
  Speaker 3: Like no, I want you to sit down and go, Okay,
• 10:33
  Speaker 3: I planned to save ten thousand dollars. And I use
• 10:35
  Speaker 3: this as an example because it's just an easy example
• 10:37
  Speaker 3: to apply it to plan to save ten thousand dollars
• 10:40
  Speaker 3: this year. It is now the end of June. Have
• 10:44
  Speaker 3: I saved five thousand? No? Okay? Taking that next step
• 10:48
  Speaker 3: and going why what has impacted me here? Have a
• 10:51
  Speaker 3: look back over those six months, like why did you
• 10:54
  Speaker 3: not achieve that goal in January of saving your first portion,
• 10:57
  Speaker 3: like that first thousand or whatever it was that you
• 10:59
  Speaker 3: set for yourself. Because if you're in that situation where
• 11:03
  Speaker 3: you're like, oh, I really I don't understand, like why
• 11:05
  Speaker 3: I haven't achieved this? Okay? Well, in January, maybe you
• 11:09
  Speaker 3: prioritized going out for dinner a bit more because it
• 11:11
  Speaker 3: was the middle of summer and you bought a festival ticket,
• 11:13
  Speaker 3: and that's why you didn't do it. Okay, Well, what
• 11:15
  Speaker 3: happened in February? All right, Well in February I did
• 11:18
  Speaker 3: something similar, but I went camping with friends and that
• 11:20
  Speaker 3: blew out my budget. And like, look at it that
• 11:22
  Speaker 3: way and have a look at maybe why you didn't
• 11:25
  Speaker 3: achieve that goal and what you chose instead, Because if
• 11:29
  Speaker 3: you chose something instead pretty consistently and it was socializing
• 11:33
  Speaker 3: with your friends, that might be a priority to you
• 11:36
  Speaker 3: that you hadn't identified in your budget and hadn't actually
• 11:39
  Speaker 3: allocated enough in your budget towards in the first place,
• 11:42
  Speaker 3: and that is potentially going to consistently push you off
• 11:45
  Speaker 3: track in the future as well. So let's look at
• 11:48
  Speaker 3: it and go, okay, well, gee, you really like socializing
• 11:50
  Speaker 3: with your friends, Let's make sure that's allocated for Maybe
• 11:54
  Speaker 3: we need to find somewhere else we can say from
• 11:56
  Speaker 3: to still achieve this goal without compromising the thing that
• 11:59
  Speaker 3: you keep prioritizing over the goal that you say you
• 12:02
  Speaker 3: want to achieve. So for me, it's about just checking in,
• 12:05
  Speaker 3: but on a deeper level than actually going, Oh, okay,
• 12:09
  Speaker 3: I didn't achieve it. I guess I'll get back on track.
• 12:11
  Speaker 3: Like that's not enough. You're not teaching yourself why that happened.
• 12:15
  Speaker 3: And if we don't know why it happened, we can't
• 12:17
  Speaker 3: fix it. And I know that if you can't fix
• 12:20
  Speaker 3: it by December, you're not going to achieve that goal.
• 12:22
  Speaker 3: And I don't want to be negative, but at the
• 12:24
  Speaker 3: end of the day, my job is to help you,
• 12:26
  Speaker 3: and my job is to help you see how you
• 12:28
  Speaker 3: can help yourself and identifying what that is and going
• 12:31
  Speaker 3: makes so much sense, like I love going out with
• 12:33
  Speaker 3: my girlfriends, no wonder, Yeah, it wasn't in my budget.
• 12:36
  Speaker 3: I need to change my budget. I need to work
• 12:38
  Speaker 3: out how I can achieve that goal now as opposed
• 12:41
  Speaker 3: to how I was planning on doing it before, because
• 12:44
  Speaker 3: I set a goal that was unrealistic for myself, Like
• 12:47
  Speaker 3: we can actually all save, we can actually all invest,
• 12:51
  Speaker 3: we just have to make it a realistic number for ourselves.
• 12:54
  Speaker 3: And the easiest way to get disheartened is to set
• 12:56
  Speaker 3: a goal that will never achieve because I guarantee you
• 12:59
  Speaker 3: if you got to December and you hadn't achieved that
• 13:02
  Speaker 3: savings goal, You're like, oh, I'm the worst at saving
• 13:06
  Speaker 3: I suck. Yeah, it's like, no, you're not. You just
• 13:09
  Speaker 3: didn't prioritize it because you actually cared about something else more.
• 13:13
  Speaker 1: You're kind of saying that if you set goals that
• 13:16
  Speaker 1: are unreachable, that could potentially jeopardize your savings even further
• 13:20
  Speaker 1: and put further down than when we started.
• 13:22
  Speaker 3: Because you start, when we've talked about this on the
• 13:24
  Speaker 3: podcast before, we've talked about learned helplessness, you're teaching yourself
• 13:28
  Speaker 3: that you're not capable when that is not the case
• 13:30
  Speaker 3: at all. You're just not setting yourself up for success.
• 13:34
  Speaker 3: So we need to teach ourselves to set ourselves up
• 13:36
  Speaker 3: for success, and once we have that, we will then
• 13:39
  Speaker 3: be able to be successful. Because it's like, and I
• 13:41
  Speaker 3: said this on the podcast last week with Jazz, it's
• 13:44
  Speaker 3: like learning another language. At the start of the journey
• 13:47
  Speaker 3: of learning another language, it's literally all foreign like no
• 13:51
  Speaker 3: pun intended, Yeah, it is literally foreign. You don't understand it.
• 13:54
  Speaker 3: You look it on on paper and you're like, I
• 13:56
  Speaker 3: will never understand this, like what, And then you start
• 13:59
  Speaker 3: learning the basics, then you can say hello, and then
• 14:01
  Speaker 3: you can say hello, how are you? And then you
• 14:02
  Speaker 3: know how to interpret what other people are saying, and
• 14:05
  Speaker 3: you start putting it all together instead of setting out
• 14:07
  Speaker 3: to write an essay instead first week exactly like as
• 14:10
  Speaker 3: if you would be able to enter the French speaking
• 14:13
  Speaker 3: competition two weeks after, you know what I mean, Like,
• 14:16
  Speaker 3: you're just setting ourselves up for failure. And I think
• 14:18
  Speaker 3: that when it comes to finance, we genuinely put so
• 14:21
  Speaker 3: much pressure on ourselves because technically we've been handling money
• 14:25
  Speaker 3: our entire lives. So you go, I should know how
• 14:27
  Speaker 3: to do this. It's like, well, actually, you might have
• 14:30
  Speaker 3: known that the French language existed for your entire life,
• 14:34
  Speaker 3: doesn't mean you know how to use it. You might
• 14:36
  Speaker 3: go to French restaurants all the time and you might
• 14:38
  Speaker 3: know you know the basics of how to order and
• 14:41
  Speaker 3: what that actually looks like. Doesn't mean you know French.
• 14:44
  Speaker 3: Doesn't mean that you're silly, though, And I think we
• 14:46
  Speaker 3: need to give ourselves a little bit more credit. Like
• 14:49
  Speaker 3: you might have been handling money your entire life, your
• 14:51
  Speaker 3: parents might work in finance, does not mean you know
• 14:54
  Speaker 3: how to speak that language though, So VD, when you
• 14:57
  Speaker 3: were talking before about budget. I was thinking that that's
• 15:03
  Speaker 3: that can be quite a daunting thing to go back
• 15:05
  Speaker 3: through your old bank statements and really go head to head,
• 15:10
  Speaker 3: face to face with your spending habits for the last
• 15:12
  Speaker 3: six months or the last year, or just do the
• 15:15
  Speaker 3: last three months last ahead, Let's not bite off more
• 15:18
  Speaker 3: than we can choose.
• 15:19
  Speaker 1: That's to me, that seems really daunting. But do you
• 15:22
  Speaker 1: think that is the only way to kind of accept
• 15:25
  Speaker 1: where you're at.
• 15:26
  Speaker 3: I do, And I've said this before, like we need
• 15:28
  Speaker 3: to stop sticking our heads in the sand. We need
• 15:30
  Speaker 3: to stop judging ourselves around our spending habits and actually
• 15:33
  Speaker 3: start teaching ourselves what we do as people, Like what
• 15:37
  Speaker 3: does that mean? Like why do we choose that? Why
• 15:39
  Speaker 3: do I choose that? Take the judgment away, Like even
• 15:41
  Speaker 3: if you've you know, somehow in the first six months
• 15:44
  Speaker 3: of the year, gotten into more debt, Like that's actually okay,
• 15:47
  Speaker 3: it is fine. Don't charge yourself for that. I'm definitely
• 15:50
  Speaker 3: not judging you for that. We just need to look
• 15:52
  Speaker 3: at it. We just need to go and set some
• 15:53
  Speaker 3: new goals. We just need to look at our budgets,
• 15:56
  Speaker 3: not as a budget, not as something restrictive. What more,
• 16:00
  Speaker 3: is something that teaches us this is how I spend,
• 16:03
  Speaker 3: this is what I allocate to, And now I know
• 16:06
  Speaker 3: I can actually reallocate that money in line with the
• 16:09
  Speaker 3: things that I really value. And I've never been the
• 16:11
  Speaker 3: financial advisor to say, okage, So if you saved that
• 16:15
  Speaker 3: four dollars fifty every day that you're spending on your
• 16:18
  Speaker 3: super lovely oh latte at the cafe every single morning,
• 16:21
  Speaker 3: you'd have eleven hundred and seventy dollars in your bank account.
• 16:24
  Speaker 3: You'd be like, Okay, cool, but like, I really love that,
• 16:27
  Speaker 3: and I've never told you to sacrifice the things that
• 16:30
  Speaker 3: you love. It's all about where am I spending money
• 16:33
  Speaker 3: that is not in line with my values. And if
• 16:35
  Speaker 3: somebody said I get coffee every single morning, but I
• 16:38
  Speaker 3: do it because my team goes down to the cafe
• 16:40
  Speaker 3: and I always want to go for the walk with them.
• 16:42
  Speaker 3: But I don't even like coffee. I just get it
• 16:43
  Speaker 3: because i'm there, and I don't even finish the cup,
• 16:46
  Speaker 3: I'd be like, Okay, that's probably something that we can
• 16:48
  Speaker 3: look at, and we need to help you feel comfortable
• 16:51
  Speaker 3: to say no to that, because that's not serving you,
• 16:53
  Speaker 3: that's not you spending in line with your values. You
• 16:55
  Speaker 3: can still go for the walk with your team to
• 16:57
  Speaker 3: get the coffee and just not buy one. I think
• 17:00
  Speaker 3: it's really important to just remember that it's not something
• 17:02
  Speaker 3: we should be judging ourselves on. It's just going to
• 17:04
  Speaker 3: help ourselves educate ourselves, right, Like, go and learn about you,
• 17:08
  Speaker 3: Go learn what you spend on and then go, oh
• 17:10
  Speaker 3: my gosh, that's so weird. Why do I do that?
• 17:13
  Speaker 1: Yeah?
• 17:14
  Speaker 3: Learn, don't judge. And I think that that's where we
• 17:16
  Speaker 3: need to start from, because if you can learn what
• 17:19
  Speaker 3: your values are, you can then build things around it
• 17:22
  Speaker 3: to help ensure that you're always spending in line with
• 17:25
  Speaker 3: your values. Like do you work really late in hospitality?
• 17:28
  Speaker 3: So every single night you go through a drive through
• 17:31
  Speaker 3: to get dinner? Cool? What's something if you don't like
• 17:34
  Speaker 3: that and that's not something that serves you, what can
• 17:36
  Speaker 3: you do? Can you make sure that you've got dinners
• 17:38
  Speaker 3: at home for you? Can you make sure that you've
• 17:39
  Speaker 3: got something in your bag to eat on the way home? Like?
• 17:42
  Speaker 3: What can we do to help you achieve your goals
• 17:45
  Speaker 3: and save in line with your values as opposed to
• 17:47
  Speaker 3: just spending money because we haven't thought about it enough?
• 17:50
  Speaker 1: Yeah, brilliant learn, don't judge. I like that.
• 17:53
  Speaker 3: Yeah, it's really hard to do that. It's a really
• 17:56
  Speaker 3: hard mental shift if we're honest, and it's not something
• 17:59
  Speaker 3: that I go, oh, just learn, don't judge Like it's
• 18:02
  Speaker 3: really hard because you will look at it and go, oh,
• 18:04
  Speaker 3: why have I done this to myself? And that's not
• 18:07
  Speaker 3: serving you, Like, cut that talk out like it's not
• 18:09
  Speaker 3: going to help you, because we actually can't go back
• 18:11
  Speaker 3: in time and change that. So how are that we
• 18:13
  Speaker 3: just learn what we can do in the future so
• 18:15
  Speaker 3: that we don't look back again and go, oh, my gosh,
• 18:18
  Speaker 3: I can't believe that I did this check in and
• 18:20
  Speaker 3: then I didn't do it.
• 18:22
  Speaker 1: So do it now for the good of you, and
• 18:24
  Speaker 1: twelve months time, I guess.
• 18:25
  Speaker 3: So future your future you.
• 18:28
  Speaker 1: Alrighty, guys, So we will be back after a very
• 18:30
  Speaker 1: short break to chat through the things that Vicky D
• 18:33
  Speaker 1: sees needing work the most at this time of the year.
• 18:35
  Speaker 1: Plus we'll be talking through some strategies to recharge your
• 18:39
  Speaker 1: money motivation. Don't go anywhere, guys. All right, VD, what
• 18:51
  Speaker 1: are the top things that tend to need an overhaul
• 18:54
  Speaker 1: when it comes to our finances at this time of year?
• 18:57
  Speaker 3: All of it. No, no, no, that's really a dramatic
• 19:00
  Speaker 3: absolutely not accurate. I just really wanted to say that
• 19:02
  Speaker 3: for noahpparent reason. The first thing is probably our organization.
• 19:06
  Speaker 3: Let's be honest. Not all of us are good at
• 19:08
  Speaker 3: tracking our spending or keeping our receipts in order that
• 19:11
  Speaker 3: we know we need to keep in order for our
• 19:13
  Speaker 3: accountants or whatever that is. So I think that organization
• 19:17
  Speaker 3: is really important to do a little bit of an
• 19:19
  Speaker 3: overhaul on, because if you feel a little bit out
• 19:21
  Speaker 3: of control, one of the best ways to get back
• 19:23
  Speaker 3: in control is to just organize and to plan and
• 19:26
  Speaker 3: put everything in front of you and go okay, cool,
• 19:28
  Speaker 3: Like does this have a home? If you're collecting receipts?
• 19:31
  Speaker 3: Maybe it's about and I've said this before on the
• 19:32
  Speaker 3: podcast I'm becoming a broken record, George, but do you
• 19:36
  Speaker 3: need to start taking photos of receipts so you don't
• 19:38
  Speaker 3: just have a whole heap in your handbag, some of
• 19:40
  Speaker 3: your bedside draw some of the table when you walk
• 19:43
  Speaker 3: in the front door, Like maybe just start an album
• 19:45
  Speaker 3: on your phone, take a photo of each and every
• 19:47
  Speaker 3: single one of them, and then ditch them, chuck them out.
• 19:49
  Speaker 3: They'll no longer feel overwhelming to you. So it's just
• 19:52
  Speaker 3: about working out what works for you. Do you need
• 19:55
  Speaker 3: to reset your banking system? Are you not organized enough
• 19:58
  Speaker 3: when it comes to banking and you've been a little
• 20:01
  Speaker 3: bit naughty maybe you pay your bills on the due
• 20:03
  Speaker 3: date or after the due date. Do we need to
• 20:05
  Speaker 3: set up be pay payments so that it actually just
• 20:08
  Speaker 3: gets paid each and every single month without you thinking?
• 20:11
  Speaker 3: And now I'm not saying that this will work for everybody,
• 20:13
  Speaker 3: but what parts of our financial lives can we organize
• 20:17
  Speaker 3: so that we can feel empowered? Yeah? Is it actually about,
• 20:19
  Speaker 3: you know, just getting all those bank accounts sorted and
• 20:22
  Speaker 3: instead of having the five that you've had for ages
• 20:24
  Speaker 3: that you shift money between and it doesn't really work.
• 20:27
  Speaker 3: Is it about going you know what, I don't need
• 20:29
  Speaker 3: three banks. I'm just going to go with one and
• 20:31
  Speaker 3: I'm going to get rid of the others and I'm
• 20:33
  Speaker 3: just going to really simplify my life in this way. So,
• 20:36
  Speaker 3: to be honest, it's just about organizing what makes sense
• 20:38
  Speaker 3: to you. And one of the easiest way is to
• 20:40
  Speaker 3: feel like you're in control even if you're in debt,
• 20:44
  Speaker 3: is to just feel organized about it and have a plan,
• 20:46
  Speaker 3: because even if you're overwhelmed with something, if you know
• 20:50
  Speaker 3: that there's a process and a plan follow to get
• 20:52
  Speaker 3: out of that situation, guaranteed you'll feel more empowered about it.
• 20:56
  Speaker 1: And we did a really good episode. It was probably
• 21:02
  Speaker 1: this time last year v we can you.
• 21:04
  Speaker 3: Believe that we've been podcasting together for more than an
• 21:06
  Speaker 3: edge of whack whack insane whack? Do you know that
• 21:09
  Speaker 3: in the middle of June, She's on the money? I
• 21:11
  Speaker 3: didn't celebrate this, and we really should have. Was She's
• 21:14
  Speaker 3: on the money? The podcasts second birthday?
• 21:17
  Speaker 1: Stop her? I know we turned to how many EPs
• 21:20
  Speaker 1: have we got out?
• 21:22
  Speaker 3: It's more than one hundred. It's why we spend a
• 21:25
  Speaker 3: lot of time sitting at.
• 21:26
  Speaker 1: This table we have chatting to Mike's sorry sorry, so
• 21:30
  Speaker 1: it was the Mari Condo your finances?
• 21:32
  Speaker 3: I love after that.
• 21:33
  Speaker 1: So I feel like that would be a really good
• 21:35
  Speaker 1: one to help our listeners get on track and if
• 21:38
  Speaker 1: they want help really organizing their systems, making them.
• 21:41
  Speaker 3: I love that. Let's pack that in the show notes.
• 21:43
  Speaker 3: So if you haven't listened to that, you can listen
• 21:45
  Speaker 3: to it, And if you have listened to that, you
• 21:46
  Speaker 3: can go and re listen to that.
• 21:48
  Speaker 1: Yeah, yeah, love that.
• 21:49
  Speaker 3: I love that.
• 21:50
  Speaker 1: Now the budgeting and motivation are two of the things
• 21:54
  Speaker 1: that I, in my opinion, would be really important to
• 21:56
  Speaker 1: get on top of at this time of year. Would
• 21:59
  Speaker 1: you agree with that?
• 22:00
  Speaker 3: Yes, good answer, You're welcome.
• 22:02
  Speaker 1: Can you please break those two down?
• 22:05
  Speaker 3: Yes?
• 22:05
  Speaker 1: Thank you.
• 22:06
  Speaker 3: Oh you'd like me to actually break it down? Okay,
• 22:09
  Speaker 3: no problems. So first things first, when we need to
• 22:12
  Speaker 3: break it down, there are a few things that we
• 22:14
  Speaker 3: need to do. First thing, first, we need to feel
• 22:15
  Speaker 3: motivated about it. If you're not motivated to do this,
• 22:18
  Speaker 3: it's gonna be real hard. I'm sorry, so getting on
• 22:22
  Speaker 3: top of going all right, this is why I need
• 22:24
  Speaker 3: to do it. Let's actually be positive about it. Don't
• 22:26
  Speaker 3: pick a time. We've only got ten minutes. Make it
• 22:28
  Speaker 3: a nice experience for yourself. Don't go, oh my gosh,
• 22:31
  Speaker 3: I'm gonna like, you know, do this on Saturday night
• 22:33
  Speaker 3: when I'm meant to be out with my girlfriend, like
• 22:35
  Speaker 3: having a drink. Like, don't pick out time. Pick a
• 22:38
  Speaker 3: time on a Sunday afternoon where you didn't have any
• 22:40
  Speaker 3: other plans and you didn't need to be anywhere, and
• 22:43
  Speaker 3: you're not sacrificing doing something else. That you really want
• 22:45
  Speaker 3: to do, and you know, maybe light a candle and
• 22:47
  Speaker 3: have a cup of tea and enjoy the process. I
• 22:50
  Speaker 3: think that's really important because too many times when we
• 22:53
  Speaker 3: start talking about do you budget Georgia, you're like, Okay,
• 22:56
  Speaker 3: I'll sacrifice something so that I can do this. Like,
• 22:58
  Speaker 3: don't even come at me with that idea. I don't
• 23:01
  Speaker 3: think it's a good idea because you're already going to
• 23:03
  Speaker 3: not want to be doing it. Pick a time when
• 23:05
  Speaker 3: you can do it, and you can do it comfortably
• 23:07
  Speaker 3: and enjoy it. If you work best from bed, get
• 23:09
  Speaker 3: your laptop, get your cup of tea, sit in bed
• 23:12
  Speaker 3: and do your budgeting there. Do your goals setting there.
• 23:14
  Speaker 3: You don't have to sit at a desk and actually
• 23:17
  Speaker 3: get it done. If you want to go to the park,
• 23:19
  Speaker 3: do it there, like I don't mind, but make it
• 23:21
  Speaker 3: a good experience for yourself. And then let's actually talk
• 23:24
  Speaker 3: about strategies that you can implement. So we've talked about
• 23:27
  Speaker 3: this before and about how to set strategies and how
• 23:30
  Speaker 3: to set goals and the best way you can set
• 23:32
  Speaker 3: goals I think, and I've simplified the smart methodology down
• 23:36
  Speaker 3: to four instead of I think five or six or
• 23:39
  Speaker 3: whatever it is how many letters are in their word
• 23:40
  Speaker 3: smart is okay. So I've taken it down from five
• 23:44
  Speaker 3: to four because hah, she's on the money and now
• 23:46
  Speaker 3: we call it that she's on the money strategy, so
• 23:49
  Speaker 3: it's SotM. So we need to be specific. Then we
• 23:53
  Speaker 3: need to be optimistic. So I've changed it out because
• 23:56
  Speaker 3: I actually want you to be positive about these goals.
• 23:58
  Speaker 3: I want you to be a coroaching it with a
• 24:00
  Speaker 3: mindset that means I can do this, Like I can
• 24:02
  Speaker 3: get this done, and you've got to document why you're
• 24:05
  Speaker 3: being optimistic about it, and if you don't, it's not
• 24:08
  Speaker 3: going to work. My friends. Then it needs to be
• 24:10
  Speaker 3: time bound. So it needs to be timely. You need
• 24:12
  Speaker 3: to actually set a goal and go I'm going to
• 24:14
  Speaker 3: achieve that by December. We're not talking about just staying oh, je,
• 24:18
  Speaker 3: do you want to save money? Yeah, I want to
• 24:19
  Speaker 3: save ten ground? Great, Like no, I want to save
• 24:22
  Speaker 3: ten ground by December twenty twenty two. And this is
• 24:24
  Speaker 3: the specific date. Like we want to be specific and
• 24:27
  Speaker 3: we want to have a time and then we also
• 24:30
  Speaker 3: want to be able to measure that goal. So if
• 24:32
  Speaker 3: we're not able to measure it. How are we going
• 24:34
  Speaker 3: to work out if we've achieved it or not? How
• 24:36
  Speaker 3: are you going to measure it? You're going to measure
• 24:38
  Speaker 3: it by breaking that down. Okay, every single month, I'm
• 24:41
  Speaker 3: going to save five hundred dollars towards that goal, and
• 24:44
  Speaker 3: that's how I'm going to measure my success because after
• 24:46
  Speaker 3: two months, I should have one thousand dollars, and after
• 24:48
  Speaker 3: this entire time period, I should have that ten thousand
• 24:51
  Speaker 3: dollars and I can check in with myself and measure
• 24:53
  Speaker 3: whether I'm on track or not. So that is how
• 24:56
  Speaker 3: I would recommend setting goals. But to really backtrack here
• 25:00
  Speaker 3: is very in line with the way that I've written
• 25:01
  Speaker 3: the book and what has I guess come to be
• 25:04
  Speaker 3: the way that she's on the Money podcast flow happens
• 25:07
  Speaker 3: is before you even think about setting goals, know yourself,
• 25:11
  Speaker 3: know your money story, Understand who you are and why
• 25:14
  Speaker 3: you are the way you are, because if you don't
• 25:17
  Speaker 3: understand that, it's going to be really hard to set
• 25:19
  Speaker 3: goals that you're going to stick to. It's going to
• 25:21
  Speaker 3: be really hard to set goals that you actually feel
• 25:23
  Speaker 3: like you can achieve. So understand that, then understand your budget,
• 25:27
  Speaker 3: because why are we setting goals before we know how
• 25:30
  Speaker 3: much money we have. If you were setting goals before
• 25:33
  Speaker 3: you know how much money you have, you are setting
• 25:35
  Speaker 3: yourself up for failure. Because gee, if you said to me,
• 25:37
  Speaker 3: all right, back to this ten thousand dollar example, I'm
• 25:40
  Speaker 3: going to save ten grand by the end of the year, Victoria,
• 25:42
  Speaker 3: that is so sick g I'm so excited. I want
• 25:45
  Speaker 3: to hear all about it. I want to know when
• 25:46
  Speaker 3: you've achieved that. How much free cash flow have you got? Oh? Like,
• 25:50
  Speaker 3: I think I have like a grand of free cash
• 25:52
  Speaker 3: flow this year. Okay, So how are you achieving that
• 25:55
  Speaker 3: ten thousand dollars? Oh? I don't know. Like it's just
• 25:58
  Speaker 3: something I've always wanted to do. Okay, But Georgie, you
• 26:01
  Speaker 3: can't afford to do that, and you're not going to
• 26:03
  Speaker 3: achieve your goal. And then by the time you say
• 26:05
  Speaker 3: that you're going to get to that goal, it's not
• 26:07
  Speaker 3: going to happen, and you're going to feel really flat
• 26:09
  Speaker 3: and you're gonna feel deflated, and then you're going to
• 26:10
  Speaker 3: feel like you're really bad at saving. Like that's actually
• 26:12
  Speaker 3: a really bad idea, Like, don't set a goal that
• 26:14
  Speaker 3: you're going to feel like crap. About like, why would
• 26:17
  Speaker 3: you do that to yourself? That's really mean. Yeah, so
• 26:20
  Speaker 3: understand your budget. And I shouldn't be telling you this
• 26:23
  Speaker 3: because it technically is only meant to be for the
• 26:25
  Speaker 3: people who bought the book. But on our website you
• 26:27
  Speaker 3: can download the sheets on the Muddy Budgeting Tool for free. Yeah,
• 26:31
  Speaker 3: so going down there that it's just a basic budget spreadsheet.
• 26:35
  Speaker 3: It's not like the budget and Cashlow master class. It's
• 26:37
  Speaker 3: not that bougie one. It's just a basic this is
• 26:41
  Speaker 3: my spending, this is my earn, this is my own,
• 26:43
  Speaker 3: this is my O and this is my income. And
• 26:45
  Speaker 3: for me, it's just a really good way to see
• 26:48
  Speaker 3: what you're spending and wet not asking you to allocate
• 26:51
  Speaker 3: a certain amount to a grocery budget or whatever. It's
• 26:54
  Speaker 3: actually just saying what do you spend g put it
• 26:56
  Speaker 3: all in here and we'll tell you if you have
• 26:58
  Speaker 3: surplus cash flow or not, and then it will spit
• 27:00
  Speaker 3: out at the bottom. It'll say, okay, well you're actually
• 27:03
  Speaker 3: spending more than your earning, or it'll say, oh gee,
• 27:05
  Speaker 3: you actually have like eleven thousand dollars free this year
• 27:08
  Speaker 3: that hasn't been allocated in your budget based on what
• 27:11
  Speaker 3: you earn, how are you going to save that? So
• 27:13
  Speaker 3: you can work it out from there. And I think
• 27:15
  Speaker 3: that that's a really cool tool and I wanted to
• 27:17
  Speaker 3: share it, even though I technically probably wasn't meant to.
• 27:20
  Speaker 3: But what I want you guys to have the tools
• 27:22
  Speaker 3: to be successful. And I think that by understanding that,
• 27:26
  Speaker 3: then you can set a goal that makes sense. Because
• 27:28
  Speaker 3: if that budget spreadsheet for you spat out that you
• 27:31
  Speaker 3: only had eight grand but you really wanted to save ten, well,
• 27:34
  Speaker 3: then that gives you the opportunity to then look at
• 27:36
  Speaker 3: your budget again go okay, cool, I'm spending more on this.
• 27:40
  Speaker 3: If I strip back, you know, going out so much,
• 27:42
  Speaker 3: or if I strip back on how much I'm spending
• 27:44
  Speaker 3: on clothes, or you know, go and rejig my insurance
• 27:47
  Speaker 3: policies and negotiate better deals that'll free up some cash flow.
• 27:50
  Speaker 3: So then I can achieve that goal of ten grand.
• 27:54
  Speaker 3: We can find it, and we can set ourselves up
• 27:56
  Speaker 3: for success from the start. But to set ourselves up
• 27:58
  Speaker 3: for success means actually creating a plan that makes sense,
• 28:03
  Speaker 3: not just creating a plan, because how many times have
• 28:05
  Speaker 3: we actually just been like, oh, the plan is okay?
• 28:09
  Speaker 3: Is it booked? Is it happening? Are we on the road,
• 28:11
  Speaker 3: Do we have the map? Do we have enough petrol?
• 28:14
  Speaker 3: But be like I don't even know to car? Yeah? Okay,
• 28:17
  Speaker 3: so how are we getting there? So you need to
• 28:19
  Speaker 3: set yourself up for success from the start, and if
• 28:22
  Speaker 3: you don't do that, you are doing yourself a disservice
• 28:24
  Speaker 3: because you're not going to achieve that goal and then
• 28:27
  Speaker 3: you're gonna feel terrible and that is not what we
• 28:29
  Speaker 3: do here.
• 28:30
  Speaker 1: So what if the jan one you really sat down
• 28:34
  Speaker 1: to understand your money story. You knew who you were,
• 28:36
  Speaker 1: You had that sorted, then you nailed your budget, you
• 28:39
  Speaker 1: had that sorted, your cash flow systems. It all made sense.
• 28:42
  Speaker 3: It was practiced that these goals that were great.
• 28:44
  Speaker 1: But now it's up to July first, and you're just
• 28:47
  Speaker 1: feeling a bit like, meh, what's it all for? I'm
• 28:50
  Speaker 1: not rich yet?
• 28:52
  Speaker 3: Girl, Like, imagine if you could get rich in only
• 28:54
  Speaker 3: six months, it'd be nice.
• 28:55
  Speaker 1: Oh my gosh.
• 28:56
  Speaker 3: It is the long term. It's about enjoying the journey
• 28:59
  Speaker 3: as well as working towards a final destination. Like I
• 29:02
  Speaker 3: get it. It can feel really uninspiring, And something that
• 29:05
  Speaker 3: I think is really important is to set mini goals
• 29:07
  Speaker 3: for yourself. So back to our example of ten grand,
• 29:10
  Speaker 3: which seems to be the theme of this episode. If
• 29:13
  Speaker 3: you're feeling like that ten thousand dollars is really out
• 29:15
  Speaker 3: of reach, cool put in mini goals, right, I want
• 29:19
  Speaker 3: to save my first thousand, and then I'm going to
• 29:21
  Speaker 3: celebrate when I get twenty five hundred dollars, and then
• 29:23
  Speaker 3: I'm going to celebrate five grand, and then I'm going
• 29:25
  Speaker 3: to celebrate seven and a half thousand dollars. Like we
• 29:28
  Speaker 3: want to celebrate the small wins, like make a little
• 29:31
  Speaker 3: chart tracker and maybe I'll make another one of these
• 29:33
  Speaker 3: in the future of just like being able to track
• 29:35
  Speaker 3: your savings goals that we can stick on our fridge
• 29:37
  Speaker 3: and we just like color it in so we can
• 29:39
  Speaker 3: see where we're at and we can actually see what
• 29:42
  Speaker 3: we're achieving. Because if we can visually see that achievement,
• 29:45
  Speaker 3: it feels more real. And when it comes to money,
• 29:48
  Speaker 3: like that's hidden and that's half the issue with money, right,
• 29:51
  Speaker 3: Like if it's in your bank account, you're not open
• 29:53
  Speaker 3: on your banking app, you kind of feel like what
• 29:55
  Speaker 3: else have I got? Like you don't see it, So
• 29:58
  Speaker 3: how can you visualize that for you yourself, because I
• 30:01
  Speaker 3: have a feeling that a lot of people are actually
• 30:03
  Speaker 3: really visual learners and visual people because I am, and
• 30:06
  Speaker 3: I just assume that that's quite normal. If I had
• 30:09
  Speaker 3: a savings chart on my fridge, which I've done literally
• 30:11
  Speaker 3: so many times, I've lost account. If I had a
• 30:14
  Speaker 3: savings chart, like it makes me feel like I'm on track.
• 30:17
  Speaker 3: It's like when you meal prep and you like put
• 30:19
  Speaker 3: the list of things on the fridge that you know
• 30:20
  Speaker 3: you're gonna have on Monday, Tuesday, Wednesday, Thursday, Like it
• 30:23
  Speaker 3: makes sense and you kind of stay on track. But
• 30:26
  Speaker 3: if it's not front of mind, it's not gonna happen.
• 30:28
  Speaker 3: So for me, I think it's just about can you
• 30:31
  Speaker 3: make that visual? Because if you're not on track or
• 30:33
  Speaker 3: you're feeling a little bit flat, like, yeah, make it visual,
• 30:36
  Speaker 3: but also double check if those goals actually align to
• 30:38
  Speaker 3: your values. Yep. Like if you say I can't, I
• 30:41
  Speaker 3: can't be bothered. It just feels so overwhelming and like
• 30:44
  Speaker 3: I'm just done inspired by this, and I'll be like, oh, gee,
• 30:46
  Speaker 3: what's your goal? You go saving for a house and
• 30:49
  Speaker 3: I go okay, Like that doesn't sound like something that
• 30:51
  Speaker 3: you're overly excited about. Nah, but I just really think
• 30:54
  Speaker 3: I should. Okay, let's have a chat about that, because
• 30:58
  Speaker 3: if you're saving for something that doesn't actually aligned to
• 31:00
  Speaker 3: your values, you're not going to get that sense of
• 31:03
  Speaker 3: accomplishment that you're probably yearning for. Yeah, let's work out
• 31:06
  Speaker 3: what you actually want to do. Maybe we change the goal.
• 31:09
  Speaker 3: Maybe it's for this massive overseas trip. Maybe it is
• 31:13
  Speaker 3: for you know, an investment that's going to create your
• 31:15
  Speaker 3: passive income in the future. Let's make it about you
• 31:18
  Speaker 3: rather than about what you think it should be.
• 31:22
  Speaker 1: The other reason V I think it's important to keep
• 31:24
  Speaker 1: yourself motivated is because and this could be changing these
• 31:29
  Speaker 1: days and within our community. But it's not like you
• 31:32
  Speaker 1: reach a savings milestone. You're like, chicks, g you saved
• 31:35
  Speaker 1: twenty k. Like that's still quite cringe and people would
• 31:39
  Speaker 1: maybe it's not crange, don't you call that creepy? But like,
• 31:42
  Speaker 1: is that bragging?
• 31:43
  Speaker 3: Like, no, that's totally bra totally yeah, totally brag.
• 31:47
  Speaker 1: Good Are you allowed to do that?
• 31:48
  Speaker 3: You totally are allowed to do that. To be honest,
• 31:50
  Speaker 3: if you've got friends that aren't celebrating the goals that
• 31:52
  Speaker 3: you've been working your butt off to achieve, get new friends.
• 31:55
  Speaker 1: Yeah, get your friends, well strike out my point.
• 31:58
  Speaker 3: No, no, no, But it's serious though, Like if you
• 32:01
  Speaker 3: don't feel like it can be tricky, right, Like if
• 32:04
  Speaker 3: you're so stoked that you've just reached about it, yeah,
• 32:07
  Speaker 3: like how epic would that be? But then you know
• 32:09
  Speaker 3: that your friend is struggling and in debt, like that
• 32:11
  Speaker 3: can feel really hard and it can feel like, oh,
• 32:14
  Speaker 3: I probably shouldn't be talking about this, but find a
• 32:17
  Speaker 3: way to celebrate it. Obviously, don't go and rub it
• 32:19
  Speaker 3: in the face of the friend that just opens up
• 32:20
  Speaker 3: to you that they're in a whole heap of debt,
• 32:22
  Speaker 3: because I just think that's insensitive. But if you read
• 32:24
  Speaker 3: the room right and you've got friends that know that
• 32:26
  Speaker 3: you've been saving, like absolutely share it. And if you
• 32:29
  Speaker 3: don't have anybody else to share it with, please message me. Like,
• 32:32
  Speaker 3: I swear to god, they are my favorite messages to
• 32:34
  Speaker 3: get people saying, hey, the like I don't have anyone
• 32:37
  Speaker 3: to share this with, but I've just reached my savings
• 32:39
  Speaker 3: goal and I'm so excited because I'm halfway to buying
• 32:43
  Speaker 3: a house and I'm just like, hecky, yeah, Like these
• 32:45
  Speaker 3: are the best messages, Like, please don't feel like you
• 32:48
  Speaker 3: don't have anyone to share it with because you've got
• 32:50
  Speaker 3: She's on the Money. If you don't have people that
• 32:52
  Speaker 3: you want to share it with and she already shared
• 32:54
  Speaker 3: it with somebody else, still share it with.
• 32:56
  Speaker 1: Us the money wind thread dmo exactly.
• 33:00
  Speaker 3: If you don't want it on the Money, win three
• 33:01
  Speaker 3: it or jump into the Facebook group and share it there. Like,
• 33:04
  Speaker 3: we genuinely love knowing that you're achieving your goals and
• 33:08
  Speaker 3: it makes me so happy, Like how cool would it
• 33:11
  Speaker 3: be to one day be able to quantify just how
• 33:12
  Speaker 3: much people have saved in our community, like how are
• 33:16
  Speaker 3: we going to do it?
• 33:17
  Speaker 1: But you'll find a way, my friend, you will.
• 33:19
  Speaker 3: Find a way, and we can be like, oh, this
• 33:21
  Speaker 3: is how many millions that She's on the Money community
• 33:24
  Speaker 3: combined have said, like, how that's huge? Anyway, that's all
• 33:28
  Speaker 3: I've got? Love?
• 33:29
  Speaker 1: Oh good it mate. So I guess in some today, guys,
• 33:33
  Speaker 1: if you feel like you're lacking motivation right now, that
• 33:35
  Speaker 1: is very normal. So don't beat yourself up, but do
• 33:39
  Speaker 1: use this Midia milestone to reinvigorate yourself. Set those new goals,
• 33:42
  Speaker 1: reflect on your budget, tweak it how you need to
• 33:45
  Speaker 1: tweak it, and just be kind to yourself, I think,
• 33:48
  Speaker 1: because as we always say, the road to financial freedom
• 33:51
  Speaker 1: is really long. It's not going to happen overnight. So
• 33:53
  Speaker 1: just be kind, keep on doing it, and even just
• 33:56
  Speaker 1: listening to this, to this podcast is an accomplishment enough.
• 33:59
  Speaker 3: I think Gosh's educating yourself exactly. And celebrate those things
• 34:04
  Speaker 3: because I get messages from people all the time, and
• 34:07
  Speaker 3: I didn't anticipate getting messages like this, but I'm really
• 34:10
  Speaker 3: grateful for them. Nonetheless, but people will message and say, hey, Victoria,
• 34:15
  Speaker 3: so many of my friends have recommended the podcast, and
• 34:18
  Speaker 3: I'm really sorry, but I haven't listened to I don't
• 34:20
  Speaker 3: want to hear a money podcast. I'm like, oh want
• 34:23
  Speaker 3: thanks for messaging me. But two, like, I get it.
• 34:26
  Speaker 3: Not everybody's ready to hear about money. Like a lot
• 34:29
  Speaker 3: of people feel like it's an overwhelming topic and they
• 34:31
  Speaker 3: just don't know where to start. And obviously we are
• 34:33
  Speaker 3: a little bit biased and we think that She's on
• 34:35
  Speaker 3: the Money is a great place to start, but a
• 34:37
  Speaker 3: lot of people still aren't even comfortable with that. And
• 34:40
  Speaker 3: that's okay. But like, if you're struggling with something, maybe
• 34:43
  Speaker 3: this can be your win for this week.
• 34:45
  Speaker 1: Yeah, love it all right, v I think that is
• 34:47
  Speaker 1: all we have time for.
• 34:48
  Speaker 3: Today, all right, But just before we head off, we'd
• 34:50
  Speaker 3: like to acknowledge and pay respect to Australia's Aboriginal and
• 34:53
  Speaker 3: Torris Straight Islander people's they're the traditional custodians of the land,
• 34:57
  Speaker 3: the waterways and the skies all across Australia. Well, thank
• 35:00
  Speaker 3: you for sharing and the caring for the land on
• 35:02
  Speaker 3: which we are able to learn. We pay our respects
• 35:05
  Speaker 3: to elders past and present, and we share our friendship
• 35:07
  Speaker 3: and our kindness.
• 35:08
  Speaker 1: The advice shared on she Is on the Money is
• 35:11
  Speaker 1: general in nature and does not consider your individual circumstances.
• 35:14
  Speaker 1: She's on the Money exists purely for educational purposes and
• 35:17
  Speaker 1: should not be relied upon to make an investment or
• 35:20
  Speaker 1: a financial decision. And we promise VICKID is an authorized
• 35:24
  Speaker 1: representative of Australia Pacific Funds Management Proprietary Limited ABN three
• 35:29
  Speaker 1: four one three two four six three two five seven
• 35:31
  Speaker 1: AFSL three three nine one five one And.
• 35:34
  Speaker 3: As always, we would love to invite you to join
• 35:36
  Speaker 3: our Facebook group. If you haven't already, please joined us.
• 35:38
  Speaker 3: So She's on the Money eight us and join us
• 35:41
  Speaker 3: and if you've already joined us and you're still looking
• 35:43
  Speaker 3: for more ways to engage, but obviously on Instagram. We
• 35:46
  Speaker 3: now have a book, Georgia Killum Book, a number one
• 35:49
  Speaker 3: best sellerbook Stop. We've got a master class where you
• 35:53
  Speaker 3: and I can hang out and actually do budget and
• 35:56
  Speaker 3: cash flow together. I think New Year Knew Me is
• 35:58
  Speaker 3: a great time to do that. And we've also started
• 36:01
  Speaker 3: making a whole hep more tiktoks, so we've got a
• 36:05
  Speaker 3: lot to share. Got it all, and we'll see you
• 36:07
  Speaker 3: next week.
• 36:07
  Speaker 1: Guys, See you, guys.
• 36:08
  Speaker 3: Bye bye.