Latest / Wake Up with Marci / Financial Freedom Starts in Your Mind: Transform Your Relationship with Money | Kim Butler

Transcript

Financial Freedom Starts in Your Mind: Transform Your Relationship with Money | Kim Butler · Wake Up with Marci

0:00
Speaker 1: Instead of saying I can't afford that, you ask the question, well,
0:05
Speaker 1: how could I afford that? Okay again, two year old,
0:10
Speaker 1: ten year old, twenty year old, eighty year old. It's
0:13
Speaker 1: a great question. That is I think the first principle
0:16
Speaker 1: of prosperity. The second one is c see And what
0:20
Speaker 1: I mean by that is you want to see the
0:22
Speaker 1: big picture. Way too often we're mired in the muck,
0:26
Speaker 1: and it's necessary with our money sometimes, but we've got
0:31
Speaker 1: to step back and see the big picture and most importantly,
0:34
Speaker 1: the long term nature.
0:36
Speaker 2: This is Wake Up with Marcy, a space for honest
0:39
Speaker 2: conversations about healing, recovery, and women's wellness. I'm Marcy Hopkins.
0:45
Speaker 2: Take a breath, You're safe here. Let's begin. Have you
0:52
Speaker 2: ever wondered why some people make a lot of money
0:55
Speaker 2: and still struggle financially or why you can work harder,
1:00
Speaker 2: learn more, and somehow never feel financially secure. What if
1:04
Speaker 2: the problem isn't about how much money you're making. What
1:07
Speaker 2: if it's the relationship you have with money. Because money
1:11
Speaker 2: doesn't just reveal our habits, it reveals our beliefs. And
1:16
Speaker 2: today's conversation is going to completely change the way that
1:20
Speaker 2: you think about making money, success and financial freedom. Welcome
1:26
Speaker 2: all to wake up with Marcy. I'm so grateful you
1:28
Speaker 2: are here. If you are new, Welcome, I'm Marcy Hopkins, author,
1:33
Speaker 2: TV hosts, motivational speaker, mental health advocate, and I myself
1:39
Speaker 2: am in long term recovery. And on the show, we
1:43
Speaker 2: have honest conversations about healing, recovery, relationships, personal growth, and
1:49
Speaker 2: what it really takes to rebuild your life. And today's
1:53
Speaker 2: conversation resonates with you. Please make sure to like, comment, subscribe,
1:58
Speaker 2: and share with someone who may need to hear, because
2:01
Speaker 2: these conversations help people make lasting changes in their lives.
2:06
Speaker 2: So today we're going to talk about something that affects
2:09
Speaker 2: every one of us, but very few of us were
2:13
Speaker 2: ever taught how to understand money. Now it's not just
2:20
Speaker 2: about how we make it, but how to think about it.
2:23
Speaker 2: Because financial freedom isn't about what we make our income.
2:28
Speaker 2: It's about mindset, habits, choices, and understanding the stories we've
2:32
Speaker 2: been telling ourselves about money our entire lives. And today
2:37
Speaker 2: my guest who's going to change our thinking around this?
2:41
Speaker 2: I mean, she is mind blowing and a wealth of knowledge,
2:45
Speaker 2: and she is Kim Butler. Kim is a financial educator,
2:49
Speaker 2: founder of Prosperity Thinkers, author and speaker who spent decades
2:55
Speaker 2: helping families create lasting financial independence. After years of working
3:00
Speaker 2: in banking and traditional financial planning, she realized something surprising.
3:06
Speaker 2: Financial plans weren't solving people's biggest money problems. What people
3:12
Speaker 2: really needed was a healthier relationship with money and a
3:16
Speaker 2: better way of thinking about wealth. And she's going to
3:19
Speaker 2: share that with us today. So now let's meet Kim Butler. Hello, Kim,
3:24
Speaker 2: Welcome to Wake Up with Marcy.
3:27
Speaker 1: Hello Marcy. Always a joy to get to talk with
3:29
Speaker 1: somebody that is awake. I love your title.
3:33
Speaker 2: Yes, it's about waking up to your life, waking up
3:37
Speaker 2: your subconscious and rewiring the craziness that we were programmed
3:43
Speaker 2: right as we were young. So we got to change
3:45
Speaker 2: that up a little bit. And that's when we're going
3:46
Speaker 2: to talk about today around finances and money and our thoughts.
3:51
Speaker 2: Like we grew up in this crazy time where we
3:54
Speaker 2: were always having to watch our pennies and now as
3:59
Speaker 2: adults where we're thinking, I don't know, it affects how
4:02
Speaker 2: we think about our money.
4:04
Speaker 1: Yep, it sure does well. As you may have picked
4:07
Speaker 1: up on my story. I started working at when I
4:09
Speaker 1: was in fourth grade, and so I had a different
4:12
Speaker 1: experience with money as a child. But then as soon
4:16
Speaker 1: as I got into adulthood, I started working at a
4:18
Speaker 1: bank and I got to see thousands of families with
4:23
Speaker 1: their money and it was very interesting.
4:26
Speaker 2: So let's talk about that. Let's rewind a little bit.
4:29
Speaker 2: And you grew up on a dairy farm and that's
4:32
Speaker 2: where you started working. You had a lot of discipline,
4:36
Speaker 2: that is very hard work and responsibility at a young age.
4:41
Speaker 2: So how did those early lessons, those early years shape
4:45
Speaker 2: your thinking around money.
4:47
Speaker 1: Well, we actually only had two cows, one for me
4:50
Speaker 1: and one for my sister, and we sold the milk
4:53
Speaker 1: for a dollar a gallon out of the refrigerator in
4:57
Speaker 1: our garage as like an honor some farm item, okay.
5:03
Speaker 1: And because of that, I had a lot of money
5:06
Speaker 1: growing up, and I had a lot of responsibility for money.
5:08
Speaker 1: So I was the older sister, and I took in
5:11
Speaker 1: all the money. I had to use it to pay
5:13
Speaker 1: for the grain and the hay and the care for
5:15
Speaker 1: these cows. They were registered holstings, that's the big black
5:18
Speaker 1: and white kind. And later we got some Jerseys so
5:22
Speaker 1: that we could have the high cream content that everybody wanted.
5:26
Speaker 1: And I had to navigate breeding and all of the
5:28
Speaker 1: four H records. I was very involved, as my sister
5:31
Speaker 1: was in four H all throughout my junior high and
5:34
Speaker 1: high school years. And then I sold the cows and
5:37
Speaker 1: put myself through a private college for four years without
5:40
Speaker 1: any debt.
5:41
Speaker 2: Wow. Yeah, that's that.
5:44
Speaker 1: Yeah, so it was a good beginning.
5:46
Speaker 2: Yeah, really, that really is true because you learned so
5:51
Speaker 2: much through all that you went through. I mean you
5:54
Speaker 2: were you were an entrepreneur in fourth grade yep. Budget Yeah,
6:01
Speaker 2: and and so you know, many of us are just
6:04
Speaker 2: trying to make a little money by cleaning up around
6:07
Speaker 2: the house, right and have some little responsibilities and and
6:13
Speaker 2: and then to be debt free that is crazy. I
6:17
Speaker 2: mean I even remember myself. I ended up going to
6:20
Speaker 2: the Art Institute of Houston and I and I worked, uh,
6:24
Speaker 2: I went for media business and that ended up being
6:27
Speaker 2: my career. But I did I had I had the loans,
6:30
Speaker 2: My family had the loans, and there was so much
6:34
Speaker 2: pressure once I got out of school to pay those loans.
6:39
Speaker 2: And there's so many of us, and especially as as
6:41
Speaker 2: as expensive as colleges are today. So you were you
6:47
Speaker 2: talked about We're going to talk more about that, but
6:50
Speaker 2: I want to I want to continue on the path
6:52
Speaker 2: with your story. So you were working at a bank
6:54
Speaker 2: and you were talking about that a little bit, and
6:57
Speaker 2: you were seen people that were having all this money
7:00
Speaker 2: and great incomes, but they couldn't keep up with their
7:04
Speaker 2: money or they couldn't keep their money right. So what
7:08
Speaker 2: did you learn when you were from watching that?
7:11
Speaker 1: Well, the absolute dead on learning is that cash flow
7:17
Speaker 1: issues don't go away, they just get bigger zeros on them.
7:22
Speaker 1: And because of where the bank was, there were a
7:25
Speaker 1: lot of high income earners in the area and also
7:29
Speaker 1: people that you would call high net worth, but they
7:32
Speaker 1: often had cash flow issues. Now it might not have
7:35
Speaker 1: been that they couldn't pay their one thousand dollars or
7:37
Speaker 1: ten thousand dollars mortgage, but it might have been that
7:41
Speaker 1: they couldn't close their deal and they needed a million
7:43
Speaker 1: dollars or whatever the numbers were. But I also dealt
7:46
Speaker 1: with families that couldn't pay their thousand dollars rent, or
7:50
Speaker 1: I saw families that paid more for their car than
7:53
Speaker 1: their apartment. I mean, I just saw it all and
7:57
Speaker 1: it really gave me a good perspective on cash flow.
8:00
Speaker 1: And most financial people are dealing with assets, right, you
8:04
Speaker 1: have this much in your IRA or your retirement plan,
8:07
Speaker 1: or there's investment account that you have or that you
8:09
Speaker 1: want to have, and it's all about assets and liabilities
8:13
Speaker 1: the opposite side. But over my lifetime, I have just
8:18
Speaker 1: chosen for the specialty to be cash flow because number one,
8:21
Speaker 1: it's unusual in the typical financial space. And number two,
8:26
Speaker 1: it's what drives everything in our lives literally as young
8:32
Speaker 1: as we can get it, all the way until the
8:34
Speaker 1: day that we die. It's about cash flow. That's what
8:38
Speaker 1: provides the peace of mind, the ability to do things,
8:41
Speaker 1: et cetera.
8:43
Speaker 2: So cash flow, I mean I think of flow, money
8:46
Speaker 2: going coming in, money going out, money coming in, money
8:50
Speaker 2: going out. So and I like that you're using the
8:54
Speaker 2: word flow. So let's let's talk about that a little
8:58
Speaker 2: bit about like kind of go with the flow. Right,
9:01
Speaker 2: That's that's the mindset of that because a lot of
9:04
Speaker 2: times when people put money out, they have so much
9:09
Speaker 2: worry about it, or they get money in and they
9:11
Speaker 2: just hold on to it because they're so worried about it. Right,
9:14
Speaker 2: about putting any money out there. So why didn't you
9:17
Speaker 2: expand on that a little bit?
9:19
Speaker 1: Well, I love that you picked up on it, and
9:21
Speaker 1: it doesn't surprise me. I've just peaked at your Cast
9:23
Speaker 1: to Clarity book, and flow just fits right in with
9:27
Speaker 1: what needs to happen in our thinking, right. And so
9:31
Speaker 1: this is a quick backstory. In nineteen ninety nine, I
9:35
Speaker 1: just so I'd been in business about ten years. I decided,
9:38
Speaker 1: you know, I really need some principles to be able
9:41
Speaker 1: to operate with that are completely capable to help the
9:46
Speaker 1: young child, the kid right out of college, the forty
9:50
Speaker 1: year old, you know, single mother or married family, the
9:53
Speaker 1: wealthy entrepreneur, and everybody else. I needed principles that just
9:57
Speaker 1: spanned the gamut. And so so I literally I am
10:01
Speaker 1: a spiritual person. I sat down, I listened to Father
10:04
Speaker 1: and Mother God another important thing that you talk about, right, listen,
10:07
Speaker 1: be quiet just for a minute, even, and I just thought, okay,
10:11
Speaker 1: what are the main principles? And I wrote down seven
10:13
Speaker 1: of them. And seven's kind of a fun number, right,
10:15
Speaker 1: there's completeness in that, and one of them is flow.
10:20
Speaker 1: And that is exactly what I meant is it is
10:23
Speaker 1: about the money coming in as well as the money
10:26
Speaker 1: going out, and how critical it is that at each stage,
10:31
Speaker 1: literally with every penny that were grateful, because it's so
10:38
Speaker 1: easy to have a big commission and then think well,
10:42
Speaker 1: I'll never do that again, Or to have an opportunity
10:47
Speaker 1: to make a down payment on investment real estate, but
10:51
Speaker 1: begrudge it because you know you didn't like the seller,
10:54
Speaker 1: or whatever the case is. It's just us human beings.
10:58
Speaker 1: We can really get into complaint mode quickly and it's
11:02
Speaker 1: not a good place. And so we want flow in
11:06
Speaker 1: our lives, right. We want flow in our bodies. We
11:09
Speaker 1: need our blood to move, right, Yeah, we want flow
11:12
Speaker 1: in our minds. That's why I love the wake up
11:15
Speaker 1: language that you use. And we want flow with our money.
11:20
Speaker 1: And yet all of the typical financial advice that is
11:24
Speaker 1: out there causes our money to stop. You put it
11:28
Speaker 1: in a four oh one K plan and it's stagnant.
11:32
Speaker 1: You put it in a five point twenty nine plan
11:34
Speaker 1: for your kid and it stops there. You prepay your
11:38
Speaker 1: mortgage and it's stuck. Called equity in your home. Right,
11:42
Speaker 1: these are the typical things that and I use the
11:45
Speaker 1: word typical very purposely. These are the typical things that
11:50
Speaker 1: you hear out in the marketplace around people's money. But
11:55
Speaker 1: that's not the way money works. We all saw this
11:59
Speaker 1: in two thousand and eight, two thousand and nine when
12:02
Speaker 1: money stopped flowing. We all saw it again in twenty
12:07
Speaker 1: twenty when money stopped flowing in our economies. Right, well,
12:12
Speaker 1: it's no different in our own personal economies. Money must move.
12:17
Speaker 1: And so the work that I do around cash flow
12:20
Speaker 1: is actually very traditional. So it's not the typical finance
12:25
Speaker 1: stuff which has actually only been in our language since
12:28
Speaker 1: around the nineteen sixties. It's traditional work think back to
12:33
Speaker 1: the depression and even previous to that, using ancient products
12:38
Speaker 1: and structures that keep the flow going. So just last sentence,
12:44
Speaker 1: the fourrow and K is fine, but only put to
12:47
Speaker 1: the match level. M atch let that other money go
12:51
Speaker 1: on through flow and move. In your financial lives. You're
12:56
Speaker 1: going to pay your mortgage, obviously you want it reduced
13:00
Speaker 1: over time, but don't add extra to it because it's
13:02
Speaker 1: getting stuck again. Put that extra in an account that
13:06
Speaker 1: can flow. And then there are just so many other
13:09
Speaker 1: specific things as it relates to the products and the
13:13
Speaker 1: structures that get used to initiate and keep the flow going.
13:19
Speaker 2: That made a lot of sense to me, it usually.
13:24
Speaker 1: Does when people step back and think about it.
13:27
Speaker 2: Yeah, yeah, that's really really fantastic. And you know, there's
13:32
Speaker 2: some things that you said in there that have changed
13:36
Speaker 2: my life, and that that spirituality, being positive and also
13:44
Speaker 2: being grateful. And there's so many people that just get
13:48
Speaker 2: stuck in that worry or they only can identify something
13:54
Speaker 2: that's not working exactly as they would like, even though
13:58
Speaker 2: all these wonderful things are happening, right, and that is
14:03
Speaker 2: truly what changes the flow of our lives in all capacities.
14:09
Speaker 2: So I'm really glad that you spoke about that, and
14:13
Speaker 2: gratitude has literally changed my life. So in addition to
14:19
Speaker 2: you know, our money, just think about gratitude and making
14:22
Speaker 2: those little shifts in your life and start finding those
14:26
Speaker 2: things that you're grateful in life and things will change.
14:30
Speaker 2: And so getting back to these money problems in the mindset,
14:35
Speaker 2: do you think most people have a mindset problem around money?
14:40
Speaker 1: Yeah, because we're not grateful for it. And what's interesting
14:45
Speaker 1: is installing a gratitude practice is free. It's just like
14:51
Speaker 1: a smile, right, I can choose to pass you in
14:53
Speaker 1: the hallway and not smile, or I can choose to
14:55
Speaker 1: smile it's free. And so with our high income earners especially,
15:02
Speaker 1: it is so evident that they're fabulous at making money
15:07
Speaker 1: and they're not good at keeping money. And it's true
15:10
Speaker 1: all the way down to even somebody that wouldn't consider
15:13
Speaker 1: themselves a high earner. And there's one specific thing that
15:18
Speaker 1: we can do in addition to the gratitude, but a
15:21
Speaker 1: monetary thing that we can do to shift that. Are
15:27
Speaker 1: you ready, I'm ready? It is stop putting our earned
15:32
Speaker 1: income our paycheck into our checking account.
15:35
Speaker 2: Ah.
15:37
Speaker 1: Because what we do is we put it in the
15:39
Speaker 1: checking account where we pay our bills, right, yes, and
15:42
Speaker 1: we spend the money that's in our checking account. And so,
15:45
Speaker 1: because America does not have good savings habits, and because
15:50
Speaker 1: Americans are famous for wanting something for nothing, right, we
15:55
Speaker 1: want to look great, but we don't want to go
15:57
Speaker 1: to the gym. We want to feel but we don't
15:59
Speaker 1: want to eat.
15:59
Speaker 2: Right fix quick fixed, Please.
16:01
Speaker 1: Absolutely absolutely, If you will stop putting your earned income
16:06
Speaker 1: into your checking account where you pay your bills and
16:09
Speaker 1: disconnect those two things, you will be amazed at the
16:14
Speaker 1: savings capacity that you can create. Savings as a verb, right,
16:19
Speaker 1: the act of flowing that money into a savings account first,
16:24
Speaker 1: and then the act of savings is a noun like
16:28
Speaker 1: the storage of that. I call it your emergency opportunity fund,
16:33
Speaker 1: because that's the other thing. You all know, how important
16:36
Speaker 1: languages and so many people they're constantly I want my
16:40
Speaker 1: emergency fund. I got to build my emergency fund. Well,
16:42
Speaker 1: if you're constantly thinking about your emergency fund up here,
16:46
Speaker 1: what are you going to get in your life?
16:49
Speaker 2: Right?
16:50
Speaker 1: So I call it an emergency opportunity fund. And this
16:53
Speaker 1: is my second specific recommendation, in addition to not putting
16:57
Speaker 1: your earned income in your checking account, put it in
16:59
Speaker 1: a savings account first. I'll just finish that out and
17:01
Speaker 1: then just move what you know you need to pay
17:04
Speaker 1: your bills twice a month over to your checking account.
17:08
Speaker 1: Just live your life the same way you're living it today.
17:11
Speaker 1: Don't try to budget, don't try to restrict. Just live
17:14
Speaker 1: your life the way that you are today, but only
17:17
Speaker 1: move what you think you need. It's a bit of
17:20
Speaker 1: a guessing game for a couple months, right into the
17:23
Speaker 1: checking account and leave the rest in your savings account. Okay,
17:26
Speaker 1: so that's thing one. But then thing two, which is
17:29
Speaker 1: so equally important, is decide and together if you're married
17:35
Speaker 1: or with somebody else in the household that's handling money.
17:38
Speaker 1: What that emergency fund should be? Okay, is it one
17:42
Speaker 1: hundred grand, is it ten grand? Is it eight billion dollars?
17:45
Speaker 1: It really doesn't matter what the number is, but decide
17:48
Speaker 1: what it is, fund it and then cross it off
17:52
Speaker 1: your list. Yet keep the habit going. And I know
17:57
Speaker 1: how important that is in your work, is to help
18:00
Speaker 1: people install habits of putting the earned income into the
18:04
Speaker 1: savings account so that you can now start to build
18:07
Speaker 1: your opportunity fund call it that, think about it that way,
18:12
Speaker 1: start to create that opportunities literally plural, so that you
18:17
Speaker 1: can then go take advantage of opportunity instead of constantly
18:21
Speaker 1: being focused on emergencies.
18:23
Speaker 2: Yeah. And I also I believe that a lot of
18:27
Speaker 2: people think of savings you can't touch your savings because
18:31
Speaker 2: the savings is about the future or if something happens,
18:36
Speaker 2: like you're saying, the emergency fund. But I think that
18:39
Speaker 2: changing the verbiage around that will help someone realize like, Okay,
18:46
Speaker 2: you can touch that money. So I like that you're
18:49
Speaker 2: trying to change the mindset and the words and the
18:54
Speaker 2: beliefs around that. Yeah, because that Yeah, and the.
18:57
Speaker 1: Reason the reason that stuck that way is that most
19:01
Speaker 1: of our quote savings is stuck. It's in an investment
19:06
Speaker 1: that we won't sell, it's in a retirement plan that
19:08
Speaker 1: we can't get at, or it's in prepaying our mortgage.
19:11
Speaker 1: That's why we've got that in our heads. And it's
19:14
Speaker 1: really wrong and it's detrimental to people, and it's causing
19:18
Speaker 1: fear and peace of mind and all the things that
19:21
Speaker 1: you addressed of that just lack of clarity around what
19:25
Speaker 1: can I do with my life?
19:27
Speaker 2: Yeah, but I think so much of this is also
19:31
Speaker 2: around you know, going back to the generational cycles. It's
19:35
Speaker 2: just a cycle of thoughts around money and history and depression,
19:40
Speaker 2: things that have happened, right, and just that that constant fear, Yeah,
19:45
Speaker 2: around that. So it is so important. There's not enough
19:50
Speaker 2: conversation around it.
19:52
Speaker 1: Oh, so true. That is uber important. Have conversation with
19:57
Speaker 1: your significant other, and have the conversation with your children
20:02
Speaker 1: if the time is right. I have some very specific
20:05
Speaker 1: things for families to do with their children that I
20:07
Speaker 1: would love to share.
20:09
Speaker 2: Yeah, I would love to do that because I watch
20:12
Speaker 2: even my own children, and I have one that's very
20:17
Speaker 2: she just has this idea around money right, and what
20:21
Speaker 2: she wants out of life. And then I have one
20:23
Speaker 2: that doesn't think about it at all.
20:25
Speaker 1: Yep, that's common.
20:27
Speaker 2: Yeah, And I will say that I myself was raised
20:33
Speaker 2: in a home with my grandparents and they went through
20:36
Speaker 2: the depression. So it was all about every penny counted
20:41
Speaker 2: in her study mentality right, right, and you get it.
20:45
Speaker 2: You can understand why exactly. I do completely get it,
20:49
Speaker 2: especially as an adult now. It is so important that
20:52
Speaker 2: we talk to our children. But there's a part of
20:56
Speaker 2: me that has never been good. I always knew that
20:59
Speaker 2: I wanted money, and I would have money in some way.
21:02
Speaker 2: But I don't budget, and I'm not tied about my money.
21:06
Speaker 2: I just like, I'm just kind of free with it.
21:10
Speaker 2: Good or bad.
21:11
Speaker 1: Well, you're letting it flow. And frankly, budgeting is the
21:16
Speaker 1: exact opposite of that, and I don't recommend it. Many
21:20
Speaker 1: financial people do. I don't. I say, scrap that idea.
21:24
Speaker 1: Just put your earned income into a savans account. Put
21:27
Speaker 1: your money that you need every month into your checking account.
21:30
Speaker 1: After two or three months, you'll kind of figure out
21:31
Speaker 1: what those numbers are and live your life, and that
21:34
Speaker 1: enables you to focus on the outside. You know, a
21:37
Speaker 1: lot of people say, well, money's not important to me,
21:40
Speaker 1: or you know, it's legit, like I don't want to
21:42
Speaker 1: overthink it. And that's totally good, I think, because I
21:47
Speaker 1: think you can go too far the other way. Yet
21:50
Speaker 1: money affects everything that is important to us. Yes, and
21:55
Speaker 1: so we've got to automate, which is a piece of
21:58
Speaker 1: cake in today's world, thankfully, And we've got to get
22:01
Speaker 1: the flow going. And we've got to have some very
22:03
Speaker 1: specific things that are not investment oriented, like everybody wants
22:08
Speaker 1: to talk about investments, and I get it. There's the
22:10
Speaker 1: sexy thing, you know, that's that American put a little in,
22:13
Speaker 1: get a lot. I get it. And let's back up
22:18
Speaker 1: to the savings. Savings is a verb, savings as an
22:20
Speaker 1: oun very boring. Let's let that happen first, because that's
22:25
Speaker 1: what drives the peace of mind.
22:29
Speaker 2: So what about let's talk about women out there the
22:34
Speaker 2: struggle talking about money? Yeah?
22:36
Speaker 1: Yeah, So I have a question that I love to
22:40
Speaker 1: put forth as a way to open the door around money,
22:45
Speaker 1: and often with women, it is around children, but it
22:48
Speaker 1: doesn't have to be, and it is this, would you
22:52
Speaker 1: like more freedom and responsibility? So we can ask it
22:55
Speaker 1: of ourselves, Right, would you like more freedom and responsibility
22:58
Speaker 1: around your money? We can ask it of our children,
23:01
Speaker 1: would you like more freedom and responsibility? I mean, what
23:05
Speaker 1: kid's going to say no to that?
23:06
Speaker 2: Right?
23:08
Speaker 1: We can discuss that with a significant other that's maybe
23:11
Speaker 1: sharing a monetary household, spouse or whatever, and talk about
23:17
Speaker 1: it in that way, in the space of freedom and responsibility,
23:21
Speaker 1: kind of like setting an ideal.
23:23
Speaker 2: Right.
23:24
Speaker 1: So, I'm not a big fan of goals. I think
23:27
Speaker 1: goals can actually sometimes be limiting.
23:29
Speaker 2: I'm not ah.
23:31
Speaker 1: How fun, but I do know that we have to
23:35
Speaker 1: what I call visioneer. We have to kind of set
23:38
Speaker 1: what we want out there. You set it earlier because
23:41
Speaker 1: oftentimes we know what we don't want, but we don't
23:45
Speaker 1: think about what we want. And so set that ideal.
23:48
Speaker 1: You set it up there, but understand that ideals. And
23:52
Speaker 1: I got this from Dan Sullivan. He's my coach at
23:54
Speaker 1: Strategic Coach in Chicago and Toronto and has helped entrepreneurs worldwide.
24:00
Speaker 1: So this is his gap concept. Set the ideal as
24:04
Speaker 1: it is the horizon. Like you know, if you walk
24:07
Speaker 1: towards the horizon, it's going to move and it doesn't
24:09
Speaker 1: matter how fast you go. It's gonna move right. So
24:12
Speaker 1: our ideals always changed throughout our life. But if you
24:15
Speaker 1: understand that and you set that ideal, then you look
24:20
Speaker 1: backwards for your progress. Rather than trying to budget or
24:24
Speaker 1: figure out what you need next month or next year,
24:27
Speaker 1: look backwards for the progress. So like, if you start
24:30
Speaker 1: with putting your income into a savings account, then at
24:33
Speaker 1: the end of the month, see how much is in there.
24:35
Speaker 1: At the end of second month, look backwards for that progress.
24:39
Speaker 1: Keep talking about the ideal. So back to women and
24:43
Speaker 1: anybody that would like to install more conversations around money
24:48
Speaker 1: in their household. If we can set some ideals, if
24:52
Speaker 1: we can measure progress, then there's no judging, there's no blaming,
24:57
Speaker 1: there's no feeling like, ah, I can't at this because
25:02
Speaker 1: we're measuring progress. And maybe it's a dollar, maybe it's
25:06
Speaker 1: one hundred thousand dollars of progress. It doesn't really matter.
25:09
Speaker 1: It's progress and its possibilities. And that's what we want
25:13
Speaker 1: our minds to be focused on.
25:17
Speaker 2: All fantastic stuff. Now, one of the things that you
25:20
Speaker 2: were talking about we talked about in the very beginning,
25:23
Speaker 2: and that was, you know, you put yourself through school
25:26
Speaker 2: without loans, and I was talking about how big loans
25:29
Speaker 2: are and so our kids out there, and I know
25:32
Speaker 2: that you had some principles you wanted to talk about,
25:35
Speaker 2: so let's talk about how we can help our young
25:38
Speaker 2: people and also like how parents can help their young
25:42
Speaker 2: people to change its thinking.
25:44
Speaker 1: Yeah, and I hear from parents all the time like
25:47
Speaker 1: I want to help my kids with money, but I
25:48
Speaker 1: don't feel like I have my money gamed down, and
25:52
Speaker 1: that is very common, and so it's so important that
25:55
Speaker 1: the conversations start. And as you know, and I know
25:57
Speaker 1: my parents, my parenting are over, but they're adults, and
26:02
Speaker 1: I guess you never stop parenting.
26:03
Speaker 2: I never stop.
26:06
Speaker 1: So that question, would you like more freedom and responsibility?
26:10
Speaker 1: And then there's two three section things that I'm going
26:14
Speaker 1: to recommend that are so valuable, and the first is
26:19
Speaker 1: to get their buy in right. Yes, I want some
26:21
Speaker 1: more responsibility and freedom around my life. So we're going
26:26
Speaker 1: to install three e's. So the first E is expectations
26:32
Speaker 1: and that are things that we do around the home
26:34
Speaker 1: and they're totally age appropriate. Of course, that are because
26:39
Speaker 1: we are a part of this family and we want
26:41
Speaker 1: our home to be clean and organized, and food to
26:45
Speaker 1: be appropriate and all the things right. So literally, your
26:48
Speaker 1: two year old can have some expectations. Brush the teeth right,
26:54
Speaker 1: maybe load the dishwasher right. It's perfect because down there
26:57
Speaker 1: at their height maybe not the glad just right. And
27:03
Speaker 1: you're seven year old, and seven is a really important
27:06
Speaker 1: age because it's about when habits are starting to be installed.
27:10
Speaker 1: You probably know more about that than I do. Your
27:12
Speaker 1: seven year old can do amazing things. One of the
27:16
Speaker 1: critical elements, so I'm talking about expectations, is that we
27:19
Speaker 1: expect more of our children than we typically do. And
27:24
Speaker 1: the way to do that is treat them like they're
27:26
Speaker 1: two years older than they are. So when you're five
27:29
Speaker 1: year old is five, treat them like seven year old.
27:32
Speaker 1: When if you have a seven year old, treat them
27:34
Speaker 1: like they're a nine year old. That will help you
27:36
Speaker 1: and your expectations are going to rise and grow as
27:41
Speaker 1: they go through life. Then we have earnings or extra pay.
27:49
Speaker 1: This is the second e So if the let's talk
27:52
Speaker 1: about the seven year old, If the expectation is make
27:55
Speaker 1: your bed and pick up your toys, earnings could be
27:59
Speaker 1: you also vacuum the floor and scrub the sink in
28:02
Speaker 1: the bathroom. So there's an element of expectation, and then
28:07
Speaker 1: a higher element of earnings, and they shift as you
28:10
Speaker 1: go through the ages, because what you did earn money
28:13
Speaker 1: for when you were five or seven becomes an expectation
28:16
Speaker 1: and now you have new things to earn money for.
28:18
Speaker 2: It.
28:19
Speaker 1: Does that make sense then the thirties, I.
28:22
Speaker 2: Don't think the kids are going to be happy about that.
28:25
Speaker 1: Oh, you'd be surprised. Keep going, because when they get this,
28:33
Speaker 1: and it doesn't take them long. Now, remember I have
28:36
Speaker 1: not used the word chores on purpose. When they get that,
28:41
Speaker 1: if I do my expectations and I have the ability
28:46
Speaker 1: to earn money now right with that three e's right,
28:49
Speaker 1: expectations earnings, I have expenses. You be amazed. How fun
28:57
Speaker 1: kids consider this space? Yeah, so an expense for a
29:03
Speaker 1: young child is literally the cereal that they want to
29:06
Speaker 1: buy at the grocery store, or the candy at the
29:08
Speaker 1: checkout aisle, or pop soda right now up in Oregon
29:14
Speaker 1: pop instead of water, right, Like, I'll buy you water
29:17
Speaker 1: if you want pop, it's your money. Yeah, so they
29:21
Speaker 1: get expenses now maybe again all age appropriate. Right, I'll
29:26
Speaker 1: tell you what. One of the best expenses is birthday
29:28
Speaker 1: presents for your friends.
29:30
Speaker 2: Oh, okay, forms things?
29:33
Speaker 1: Yeah, when they get older, it's shoes. I'll buy you
29:37
Speaker 1: the basic athletic shoes right that you need. If you
29:41
Speaker 1: want the fancy, dancy ones, that's on you. I'll buy
29:45
Speaker 1: you one pair of jeans or you know, fill in
29:48
Speaker 1: the blank. If you want more than that, that's on you.
29:52
Speaker 1: Or again, if you want the fancy kind, that's on you.
29:54
Speaker 1: So they get into this space where they fell control.
29:58
Speaker 1: A child, even a two and three year old, wants
30:02
Speaker 1: to feel control. And so when you install these expectations
30:08
Speaker 1: first earning, second expenses right behind it, you really need
30:11
Speaker 1: all three e's together. Yeah, it transforms that entire relationship
30:17
Speaker 1: with money and conversation. And now that adult parent who
30:23
Speaker 1: might not be feeling that they're real great with money,
30:26
Speaker 1: they start to think about it in the same way.
30:28
Speaker 1: Now here's the three s's. I'll go fasks. I don't
30:30
Speaker 1: want to have this take too long. So the first
30:35
Speaker 1: S is sharing right. This is biblical. If you're not
30:39
Speaker 1: into that, it's part of humanity to share right. We
30:44
Speaker 1: want to be able to share money, whether we're or
30:48
Speaker 1: skills or talents or something right. We want to have
30:50
Speaker 1: the ability to share right. And so you know, you
30:54
Speaker 1: can do the ten percent thing if you want to
30:56
Speaker 1: do that or whatever, but I usually recommend that people
31:00
Speaker 1: set up boxes or banks or however. I like to
31:03
Speaker 1: have it be clear and do it in coins, so
31:06
Speaker 1: especially with the younger set, or do it in actual
31:09
Speaker 1: literal single dollar bills. So like, if I'm going to
31:12
Speaker 1: pay a kid and it's ten bucks, I will give
31:14
Speaker 1: them ten one so that.
31:16
Speaker 3: They like them better, immediately split it into share, save, right, save,
31:23
Speaker 3: and then spend.
31:25
Speaker 1: So the recommendations, of course are ten percent for sharing,
31:29
Speaker 1: twenty percent for saving, and then seventy percent for SAE.
31:32
Speaker 2: You're teaching them right off the bat. Yeah. And plus
31:37
Speaker 2: I just know because the tooth fairy gave five dollars
31:43
Speaker 2: and then another time I gave like one dollars and
31:46
Speaker 2: some coins, and she thought she got more money. So
31:49
Speaker 2: when you get ten ones instead of a ten dollar
31:52
Speaker 2: bill when you're that age, you think you get more money.
31:56
Speaker 1: Yep.
31:57
Speaker 2: Fantastic schools. And I did the opposite. I just bought
32:02
Speaker 2: them everything because I was like, I'm going to let
32:05
Speaker 2: them have everything because I didn't have it.
32:09
Speaker 1: Yeah, it's very common and now I'm paying for it.
32:12
Speaker 2: But actually, and my daughter, it's just innate in her
32:16
Speaker 2: it's incredible I've never seen anything like it, but I
32:20
Speaker 2: think it's truly amazing. And so let's talk about those
32:27
Speaker 2: out there that like me. Right, we're married and we
32:33
Speaker 2: really just don't even I don't keep up with my finances.
32:36
Speaker 2: I have somebody else keeping up with my finances, and
32:40
Speaker 2: now things start to shift. Let's say, let's say you
32:43
Speaker 2: have somebody that passes in your life that's been dealing
32:46
Speaker 2: with that. Now you have a divorce. What can you do?
32:51
Speaker 2: How can you prepare yourself for that?
32:54
Speaker 1: Well, I have a checklist that I call the first
32:57
Speaker 1: hundred Days, and I encourage people to do it while
33:00
Speaker 1: they're alive, to prepare for the first hundred days after
33:05
Speaker 1: somebody dies. So you could do that for really any reason.
33:11
Speaker 1: It's just a great way to make sure that all
33:13
Speaker 1: the ducks are in order. So it includes things like
33:17
Speaker 1: wills or trusts if it's appropriate for your situation, and
33:21
Speaker 1: simple things too, like a liability umbrella. There are so
33:24
Speaker 1: many people that don't even know what that is. It's
33:26
Speaker 1: something that you get from your car and home insurance
33:29
Speaker 1: agent and it protects against liability, and holy cow, if
33:32
Speaker 1: you have teenage drivers, it's ober important and it's very inexpensive.
33:37
Speaker 1: You know, you hear all these fancy legal structures around
33:41
Speaker 1: asset protection. All you need is a liability umbrella, and
33:45
Speaker 1: you want to get a fairly large one, as large
33:47
Speaker 1: as you can. So they started a million. But you know,
33:50
Speaker 1: if you have a five million dollar net worth, you
33:52
Speaker 1: should have a five million dollar and it's actually your
33:54
Speaker 1: gross worth is what we should be focused on. You
33:57
Speaker 1: should have a five million dollar liability umbrella. And other
34:00
Speaker 1: simple things too, like life insurance. Nobody wants to talk
34:03
Speaker 1: about life insurance. It is the redheaded stepchild of the
34:09
Speaker 1: financial services industry. Why death is a guaranteed event? Do
34:14
Speaker 1: you know that in Canada, the moment a family gets pregnant,
34:21
Speaker 1: they go by life insurance because medians tend to be
34:25
Speaker 1: more fearful than people in the United States. And so
34:30
Speaker 1: I encourage people all the time. Please just jump on
34:33
Speaker 1: the web, look up cheap term insurance. Right, don't get
34:38
Speaker 1: all confused with whole life and term insurance. I love
34:41
Speaker 1: whole life and it's very appropriate if people have a
34:43
Speaker 1: little extra money, and it's my favorite thing to talk about.
34:46
Speaker 1: But don't go there first. Just get some term insurance
34:50
Speaker 1: equal to twenty to thirty times your income. You know,
34:54
Speaker 1: workplaces these days they offer maybe one to ten times income.
35:00
Speaker 1: You should be ensuring your life for twenty to thirty
35:03
Speaker 1: times your income. And then, just like we talked about
35:08
Speaker 1: with our cash flow in solving that emergency number, put
35:13
Speaker 1: the life insurance in place and stop worrying about it.
35:18
Speaker 1: And it's so important for families to do that both
35:22
Speaker 1: both parents, right, So like the stay at home person,
35:25
Speaker 1: let's say the wife is working, which makes one hundred
35:28
Speaker 1: grand a year, thirty times income, that's three million dollars.
35:32
Speaker 1: Then the husband that's staying home with the kids, he
35:35
Speaker 1: needs half a million. Five is a typical approach to
35:39
Speaker 1: take when you're insuring. It's called human life value. And
35:44
Speaker 1: then you know there's insurance for disability, and you know
35:48
Speaker 1: we have car insurance, but we don't think about ensuring
35:50
Speaker 1: our ability to get go to work every day, which
35:52
Speaker 1: is our biggest asset usually in the early stage of things.
35:56
Speaker 1: So this is all what's on that checklist and I
36:00
Speaker 1: actually have and we'll share the link at the right time.
36:03
Speaker 1: An action pack that includes these kinds of things that
36:07
Speaker 1: you can do on your own, with your own finances
36:10
Speaker 1: to feel so much peace of mind, and so much
36:14
Speaker 1: more confident about what you're doing with your money, and
36:17
Speaker 1: most of them really don't cost that much. Takes a
36:20
Speaker 1: little bit of time, but you can get the list
36:22
Speaker 1: knocked out in thirty days.
36:25
Speaker 2: Truly amazing. You are a wealth of information and I mean,
36:30
Speaker 2: like life changing so many things that people aren't thinking
36:34
Speaker 2: about it. And it is so interesting really when you
36:37
Speaker 2: think about it, that people are not taking action on
36:40
Speaker 2: these things. Yeah, and it is true if you ask
36:45
Speaker 2: most they don't have a will, they don't have life insurance,
36:48
Speaker 2: they don't have these things.
36:50
Speaker 1: You're right, and.
36:53
Speaker 2: It's like our list is very small of the things
36:56
Speaker 2: that we think about, but you have brought up so
36:58
Speaker 2: many things seems so important and just make complete sense.
37:05
Speaker 2: I just want to take a quick moment to share
37:08
Speaker 2: about my new book, wake Up You're Not Broken, and
37:11
Speaker 2: it is a gentle companion for anyone who's ready to
37:14
Speaker 2: stop drinking, take their life back, and move from chaos
37:18
Speaker 2: to peace one day at a time. And I know
37:20
Speaker 2: all of these things that we're even talking about today
37:24
Speaker 2: could be a reason that your drinking could elevate, because
37:28
Speaker 2: it's very difficult to face our emotions and these things
37:32
Speaker 2: that are happening in our lives and this allows you
37:35
Speaker 2: to find a new way to live. So let's just
37:38
Speaker 2: take a quick moment and we'll be right back. Are
37:40
Speaker 2: you in the first thirty days of sobriety or wondering
37:43
Speaker 2: if now is your time to start?
37:45
Speaker 1: Hi?
37:46
Speaker 2: I'm Marcy Hopkins and I wrote wake Up You're Not Broken,
37:49
Speaker 2: just for you. It's a real raw guide to those
37:52
Speaker 2: first thirty days, what no one tells you, what you
37:56
Speaker 2: will feel, and how to keep going. This isn't about perfection,
38:00
Speaker 2: It's about progress. Or to your copy now on Amazon. Remember,
38:06
Speaker 2: you're not alone, You're not broken. You're waking up. Welcome
38:11
Speaker 2: back to Wake Up with Marcy. I am with Kim Butler,
38:15
Speaker 2: and she is sharing so much information about finances, our
38:21
Speaker 2: mindset around finances, and how we can get a grasp
38:28
Speaker 2: on a different way of thinking, and how we can
38:31
Speaker 2: help our children. So let's talk about those that are struggling.
38:38
Speaker 2: And you have created something called the seven Principles of Prosperity,
38:44
Speaker 2: So can you share with us, like, what's a primary
38:49
Speaker 2: principle that every family could start applying today?
38:53
Speaker 3: You're gonna love the first one is think ah like
38:57
Speaker 3: it thhi n right, because that's part of waking up
39:03
Speaker 3: and you said it, well, just a couple of sentences ago.
39:06
Speaker 1: We only have a few things that we can be
39:08
Speaker 1: thinking about, and we are going through our lives, and
39:11
Speaker 1: our lives are so crazy fast and chaotic, and if
39:15
Speaker 1: we can stop and think and think prosperously, right, don't
39:21
Speaker 1: be thinking from a scarcity mindset. Actually, one of the
39:24
Speaker 1: books that I wrote is called Busting the Scarcity Mindset,
39:28
Speaker 1: because thinking is free, and we can bust that scarcity mindset.
39:33
Speaker 1: Get out of the habit of complaining, because that's really
39:37
Speaker 1: all it is, is a habit, and think from a
39:40
Speaker 1: prosperous mindsets. I'll give you a quick sentence. It's a
39:43
Speaker 1: real quick transition that's super helpful. I got this from
39:47
Speaker 1: Robert Kiyosaki eons ago. And instead of saying I can't
39:52
Speaker 1: afford that, you ask the question, well, how could I
39:57
Speaker 1: afford that? Okay? And again two year old, ten year old,
40:03
Speaker 1: twenty year old, eighty year old, it's a great question.
40:06
Speaker 1: So that is I think the first principle of prosperity.
40:10
Speaker 1: The second one is c see And what I mean
40:14
Speaker 1: by that is you want to see the big picture.
40:17
Speaker 1: Way too often we're mired in the muck, and it's
40:21
Speaker 1: necessary with our money sometimes, but we've got to step
40:25
Speaker 1: back and see the big picture and most importantly, the
40:28
Speaker 1: long term nature. Did you know that age sixty five,
40:34
Speaker 1: which was in our lexicon around the nineteen thirties when
40:38
Speaker 1: it got introduced and the whole idea of retirement was
40:41
Speaker 1: put forth. If we moved that forward to today, it
40:46
Speaker 1: would be age eighty seven.
40:49
Speaker 2: Wow. Yeah, wow.
40:52
Speaker 1: We have people in their fifties and sixties that think
40:54
Speaker 1: they should be retiring and they're going to live till
40:58
Speaker 1: they're one hundred. I mean longevity and the ability to
41:02
Speaker 1: think long term and see that long term perspective is
41:06
Speaker 1: very difficult for us humans to do. And yet we've
41:10
Speaker 1: got medical proof all over the place that we are
41:14
Speaker 1: going to be living a long, long, long, long time.
41:16
Speaker 1: Somebody in their twenties today they're going to live till
41:19
Speaker 1: they're one hundred and twenty. That's a long time. I
41:22
Speaker 1: don't know.
41:23
Speaker 2: I don't if I want to live that long.
41:25
Speaker 1: I hear you. But it's important to think about health
41:30
Speaker 1: span too, right, It's not just life span. You're right,
41:34
Speaker 1: you don't want to live to one hundred if we're miserable,
41:37
Speaker 1: and yeah, you know, decrepit, mentallytically, all the all the ways.
41:42
Speaker 1: So yeah, anyway, yeah, I you.
41:45
Speaker 2: Know, retirement again, it's the programming. It is everything is
41:50
Speaker 2: all programming, right, So yeah, I tell you, you know, I
41:54
Speaker 2: tell my children something, they tell their children something.
41:57
Speaker 1: We just keep on and we don't think about it.
42:00
Speaker 2: We don't and we keep with the same plan every generation, right, like, well,
42:06
Speaker 2: this is what we were told, So that's what you're
42:08
Speaker 2: you're supposed to do. And right now, I mean, my
42:13
Speaker 2: husband's at a place like, yeah, he's tired of doing
42:16
Speaker 2: what he's doing. I mean, he's got a high level
42:19
Speaker 2: job and it takes it takes a lot, and and
42:23
Speaker 2: he wants to start enjoying his life. But on the
42:26
Speaker 2: other hand, he's got a lot of life to live
42:30
Speaker 2: and he's thinking, like, what am I going to do
42:33
Speaker 2: with my life? Not that I want to say work
42:35
Speaker 2: identifies him, because I think it's awful when our jobs
42:39
Speaker 2: we identify ourselves by our work. But it is what
42:43
Speaker 2: he knows and it is a big part of his
42:46
Speaker 2: purpose sure, right, So it's it's hard. It's hard because
42:52
Speaker 2: he's sixty one and it's like, oh, how much longer
42:54
Speaker 2: should I be doing this and yes, so we're right
42:58
Speaker 2: at that and we have it in our head like
43:01
Speaker 2: we're supposed to retire by sixty five.
43:05
Speaker 1: It's a silly societal construct, yes, and it really needs
43:10
Speaker 1: to be retired.
43:13
Speaker 2: I love it, so true, so true. So if someone
43:20
Speaker 2: is listening right now or watching and they feel overwhelmed
43:25
Speaker 2: financially right now, where should they begin? Right? Because I
43:30
Speaker 2: think we overwhelm ourselves with all the things right, but
43:34
Speaker 2: we just got to start. Absolutely, what's the one small
43:37
Speaker 2: step that they can take today that will make a
43:39
Speaker 2: difference starting tomorrow.
43:42
Speaker 1: Stop putting their earned income into their checking account. It's
43:45
Speaker 1: really the most important thing. And so go open a
43:50
Speaker 1: savings account. Typically when you start, it's best to do
43:53
Speaker 1: it at the same bank as your checking account, so
43:55
Speaker 1: that you can move money if you need to and
43:58
Speaker 1: don't feel bad about it. It's going to take you
44:00
Speaker 1: a couple months to get it figured out, but that
44:03
Speaker 1: will be transformative.
44:05
Speaker 2: Wow.
44:06
Speaker 1: And then start with the kids and asking that question,
44:09
Speaker 1: would you like more freedom and more responsibility? And install
44:13
Speaker 1: those three e's and those three s's in your children's
44:17
Speaker 1: life as well as in your own life.
44:19
Speaker 2: Amazing. Let's start making the changes now and breaking those
44:23
Speaker 2: generational cycles. Yeah, so tell us about your books and
44:27
Speaker 2: where we can find you.
44:29
Speaker 1: Thankfully, all the books are on Amazon. I have eleven
44:32
Speaker 1: of them.
44:32
Speaker 2: Oh wow, Well, you are a wealth of knowledge, so
44:35
Speaker 2: I'm not surprised.
44:37
Speaker 1: Well, I grew up in a house of teachers. My
44:40
Speaker 1: mom was a kindergarten teacher and my dad was an
44:41
Speaker 1: elementary school principal, and reading was our thing other than
44:45
Speaker 1: milking the cows. We watched no TV, and we played
44:50
Speaker 1: sports and did for age and that was it. And
44:52
Speaker 1: so yeah, I've got a pile of them right here.
44:55
Speaker 1: But the thing I think that I want to profile
44:57
Speaker 1: is actually my twelfth book, and so I only have
45:01
Speaker 1: a toolkit right now. It's called Prosperity Parents, and as
45:06
Speaker 1: you can imagine, it has the three e's and the
45:08
Speaker 1: three s is in it. But really, I think, and
45:11
Speaker 1: I'm on all the social channels, so I'm very findable.
45:16
Speaker 1: I think the thing that I would recommend for most
45:20
Speaker 1: people for their first step if they're curious about the
45:23
Speaker 1: work that I do and possibly getting a little bit
45:25
Speaker 1: of help, because like all things, please read. In fact,
45:29
Speaker 1: this is actually a great question to ask yourself. How
45:31
Speaker 1: do you learn best? Do you want to read, do
45:33
Speaker 1: you want to watch? Do you want to listen? Right?
45:35
Speaker 1: And then go get those things. So you and I
45:37
Speaker 1: both have all these things right. We have books, we
45:40
Speaker 1: have YouTube channels, we have audio. All my books are
45:43
Speaker 1: on audibles also, and then I have over six hundred
45:46
Speaker 1: podcasts of my own on the Prosperity Podcast. So figure
45:51
Speaker 1: out how you learn best, go start learning. But very specifically,
45:55
Speaker 1: the best starting place, which does have all three modalities
45:58
Speaker 1: of learning in it, is my action pack because it'll
46:01
Speaker 1: talk about the seven principles of prosperity, and we only
46:04
Speaker 1: cover two of them. And what else you can do
46:07
Speaker 1: to get started, some of which, like we've talked about,
46:10
Speaker 1: is just right up here and it's free. Other things,
46:14
Speaker 1: if you need the help, are paid for because when
46:16
Speaker 1: we put skin in the game, sometimes it's as simple
46:19
Speaker 1: as buying a book, but sometimes it's a little bit
46:22
Speaker 1: more help that's needed. And I'm not a typical financial planner.
46:26
Speaker 1: I don't require assets, so I don't really care whether
46:29
Speaker 1: you have one dollar or eight billion dollars. It just
46:32
Speaker 1: doesn't matter. Again, so many of the things are just
46:36
Speaker 1: the same, they just have different zeros on them.
46:39
Speaker 2: Yeah, and you brought up a good point. Stop feeling
46:43
Speaker 2: bad about investing in yourself. Yes, because you will go
46:49
Speaker 2: and invest in a purse which brings you maybe some
46:54
Speaker 2: joy for a little bit. But when you invest in
46:57
Speaker 2: yourself and evolve and create these changes your life, you
47:01
Speaker 2: have long term change and happiness in your life. It's
47:05
Speaker 2: so huge. And I think that we think that we're
47:09
Speaker 2: only supposed to investor in ourselves when we go to college. Right,
47:12
Speaker 2: that's the only time you're supposed to spend money on
47:16
Speaker 2: creating change and learning and know at all times of
47:20
Speaker 2: our lives we should be doing that. So thank you
47:23
Speaker 2: Kim so much for coming on Wake Up with Marcy.
47:26
Speaker 1: You're welcome. It was a joy.
47:28
Speaker 2: Wonderful and if again, if today's conversation resonated with you,
47:32
Speaker 2: please make sure to like, comment, share this episode with
47:36
Speaker 2: everyone because everyone needs to hear it. And financial freedom
47:41
Speaker 2: isn't about the numbers in your bank account. It's about
47:43
Speaker 2: creating a life peace, purpose and confidence and changing what
47:48
Speaker 2: is up here what we think about it. So this
47:51
Speaker 2: is Wake Up with Marcy. I'll check you out next Thursday.
47:54
Speaker 2: I can't wait to be with you again because we
47:57
Speaker 2: have a new episode every Thursday. So Usie in it week,
48:00
Speaker 2: have a great one, yeahm