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2025 MONEY RESET: How To Enter Your Rich Girl Era · Two Broke Chicks

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  Speaker 1: This podcast is recorded on gadigal Land, Always was, always
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  Speaker 1: will be Aboriginal Land.
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  Speaker 2: Hey chicks, welcome it to the fourth and second last
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  Speaker 2: episode of the Financial Glow Up the twenty twenty five Reset.
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  Speaker 1: Look at us richer.
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  Speaker 2: I surely everybody is ready to just grab twenty twenty
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  Speaker 2: five by the hornig it.
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  Speaker 1: In the teeth. Don't do that. Don't do that to her.
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  Speaker 1: Be nice, give her a look and kiss the forehead.
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  Speaker 2: Yeah. In today's episode, we are asking will this make
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  Speaker 2: me rich? A lot of this?
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  Speaker 1: I think this is going to be my favorite episode.
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  Speaker 1: Not gonna lie boo.
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  Speaker 2: So let's just jump straight into z episode, shall Louis?
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  Speaker 2: Tip number one? Money is emotional and you will be
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  Speaker 2: broke forever if you never understand the relationship between your
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  Speaker 2: emotions and you're spending.
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  Speaker 1: It's hard to hear, but we say it with love.
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  Speaker 3: We do. We say it with a little cuddle, a
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  Speaker 3: little cuddle and a pat on the bottom.
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  Speaker 2: So we want to start with a chapter from the
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  Speaker 2: book The Psychology of Money. It's the first chapter and
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  Speaker 2: it's very purposeful for that. The chapter is called no
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  Speaker 2: One's Crazy. It states your personal experiences with money make
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  Speaker 2: up maybe zero point zero zero zero zero zero zero
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  Speaker 2: of what's happening in the world, but maybe eighty percent
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  Speaker 2: of how you think the world works. Morgan Housel. The
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  Speaker 2: author continues to state, most of the reason I believe
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  Speaker 2: is that we think about and are taught about money
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  Speaker 2: in ways that are too much like physics with rules
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  Speaker 2: and laws, and not enough like psychology with emotions and nuance.
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  Speaker 2: Our experiences with money create the emotions we have tied
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  Speaker 2: to it. This especially starts with how we grow up
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  Speaker 2: and learn or maybe don't learn about money from our parents.
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  Speaker 2: Because of this, Morgan states, you go through life with
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  Speaker 2: different beliefs, goals, and forecasts than others. It's not because
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  Speaker 2: one of you is smarter than the other or has
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  Speaker 2: better information, but because you've lived different lives shaped by
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  Speaker 2: different experiences.
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  Speaker 1: That is so true.
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  Speaker 2: I think even people who live in the same household
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  Speaker 2: and have seen the same experiences with money the way
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  Speaker 2: that they are emotionally, they could take on completely different lessons.
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  Speaker 2: But it is so unique an individual and informed by
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  Speaker 2: what you're exposed to and also how your brain works.
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  Speaker 3: It's a why there's literally things called money personalities. Yeah,
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  Speaker 3: and how the way that you look at spend, save,
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  Speaker 3: and interact and just view money is it's so different
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  Speaker 3: and unique to everyone. And I really like how he says,
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  Speaker 3: like we need to look at it not like physics,
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  Speaker 3: like there there aren't these like just overarching rules of
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  Speaker 3: law to money. It is such an emotional and psychological thing,
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  Speaker 3: which leads us into the big, glowing, sparkly question that
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  Speaker 3: if there is one thing we want you to take
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  Speaker 3: into twenty twenty five, it's this and it's asking yourself,
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  Speaker 3: will this make me rich? And we're not just talking
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  Speaker 3: about money, which this is my favorite surprise. So this
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  Speaker 3: question is going to change the way that you spend
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  Speaker 3: money forever.
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  Speaker 1: And the question is will this make me rich?
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  Speaker 3: So don't limit yourself to thinking that the term rich
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  Speaker 3: only relates to money. It's not exclusive to money and finances.
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  Speaker 3: When you go to spend money, I want you to
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  Speaker 3: ask yourself, how will this make me feel rich? And
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  Speaker 3: there are so so so many ways that you can
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  Speaker 3: feel rich. For example, when you're paying for rent or
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  Speaker 3: your mortgage, this makes you rich in a home and
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  Speaker 3: safety and rest. When you go out to dinner with friends,
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  Speaker 3: you're rich in memories and connection. Your gym membership, you're
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  Speaker 3: rich in health and like mental.
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  Speaker 2: Health really honestly, yeah.
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  Speaker 3: And spending money on like your dream travel trip, say
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  Speaker 3: that three times quick dream travel trip. You're rich in
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  Speaker 3: knowledge and exploration and just new experience, new experiences, like
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  Speaker 3: there are so many ways that you can be rich
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  Speaker 3: in life. Pardon the part that the way that you
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  Speaker 3: spend money needs to give you a return on investment,
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  Speaker 3: but that might not always be numerical.
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  Speaker 1: I think what's really.
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  Speaker 3: Key and important with this question is is that there
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  Speaker 3: are some things that you can be rich in by
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  Speaker 3: spending money, and there are some things that you cannot
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  Speaker 3: be rich in by spending money. And two of these
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  Speaker 3: main things is confidence and self worth.
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  Speaker 1: You can't buy them.
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  Speaker 2: Damn it. I know. I'm sorry to really take that
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  Speaker 2: off the Christmas wish list.
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  Speaker 3: Shit sight Sannie, I actually the same thing every year,
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  Speaker 3: and he's like, no, So such emotions like confidence and
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  Speaker 3: self worth are not something that you can buy. There's
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  Speaker 3: something that you own this emotion. More so, a lack
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  Speaker 3: of emotion is actually what brands and retailers try to
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  Speaker 3: make you believe that you lack in in order for
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  Speaker 3: you to spend your money.
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  Speaker 1: And of course it's always.
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  Speaker 3: Fun to try and play around with new styles, trends,
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  Speaker 3: or looks. But relying on products or objects to fuel
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  Speaker 3: your self worth puts you in a constant loop that's
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  Speaker 3: not only depressing but expensive. Yeah, So when you go
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  Speaker 3: to spend money, when you go, when it's leaving your
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  Speaker 3: account with it's a tap tap tap, or a machine
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  Speaker 3: or you're handing over the cash or whatever it is,
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  Speaker 3: ask yourself, what will this make me rich in?
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  Speaker 2: Like?
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  Speaker 1: What am I going to get?
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  Speaker 3: And if it's something positive like a memory or a
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  Speaker 3: really enjoyful like a really joyful time with friends, or
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  Speaker 3: a safe home or warmth or a comfy bed, those
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  Speaker 3: things are what makes life worth fucking living.
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  Speaker 1: Like you have money, you work your probably annoying.
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  Speaker 3: Job at times that I'm sure you love, but like
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  Speaker 3: you work to live, right, you don't live to work,
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  Speaker 3: So work to live.
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  Speaker 1: Spend your money and live your fucking life.
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  Speaker 3: Don't get trapped in this cycle of getting scared to
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  Speaker 3: even spend your money sometimes. That's definitely a thing that
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  Speaker 3: is also a genuine fear and.
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  Speaker 2: What we're going to go into in our next segment,
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  Speaker 2: because our next tip is identifying negative emotional spending. As
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  Speaker 2: we've covered in this series. Emotions often drive spending more
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  Speaker 2: than we realize, and understanding this connection is absolutely key
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  Speaker 2: to managing your finances. So here's how emotions influence your spending.
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  Speaker 2: Number one emotional coping. Shopping can be a way to
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  Speaker 2: cope with stress, sadness, or boredom.
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  Speaker 1: Am I just.
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  Speaker 2: Shopping because I'm bored? Because it offers a temporary emotional boost,
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  Speaker 2: which often leads to guilt or regret afterwards.
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  Speaker 1: Cinkle.
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  Speaker 2: Honestly, buyers, remorse is the worst feeling ever.
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  Speaker 1: I hate it.
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  Speaker 2: Oh my god.
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  Speaker 1: It's like you come out of a stupor. Is that
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  Speaker 1: the worst? Yeah, and you like black out and you're like,
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  Speaker 1: what did I do?
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  Speaker 3: Yeah?
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  Speaker 1: And then you're like, oh god, oh god, what have
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  Speaker 1: I That's what I did?
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  Speaker 2: And then you check the returns policy and you can't
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  Speaker 2: return it.
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  Speaker 1: You can't, And then you say.
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  Speaker 2: Number two, positive emotions Feelings of happiness or excitement may
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  Speaker 2: lead to splurging as a reward, but excessive indulgence constrain
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  Speaker 2: your budget. Number three social comparison and fomo big one.
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  Speaker 2: We've all been there. Seeing others purchases or lifestyles on
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  Speaker 2: social media can trigger envy or insecurity prompting impulse buyers
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  Speaker 2: to keep up or fit in, especially with the latest trends.
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  Speaker 2: Number four instant gratification shut up. Emotional desires for immediate
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  Speaker 2: satisfaction can make it hard to delay purchases, even when
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  Speaker 2: saving might be the smarter choice, and we know it's
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  Speaker 2: the smarter choice. Our fifth and final marketing influence. Advertisers
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  Speaker 2: know how to tap into your emotions, often making you
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  Speaker 2: feel compelled to buy things that you don't need and
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  Speaker 2: didn't even know you want it.
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  Speaker 1: My favorite one at the moment is how everything's tied
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  Speaker 1: to food in what way?
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  Speaker 2: Have you not noticed that? How?
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  Speaker 3: Like everything mark wise is like there's food tied to
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  Speaker 3: make up products.
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  Speaker 2: Oh yes, cherry cherry red, yeah, doughnut, glaze, skin.
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  Speaker 3: Yeah.
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  Speaker 2: It's that really types into our inner child. I think
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  Speaker 2: it's giving lipsmackers, am I, all the stuff that we
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  Speaker 2: were really into as children.
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  Speaker 3: Yeah, there's like a whole thing about it about how
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  Speaker 3: food is like the seller in the marketing industry. Okay,
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  Speaker 3: so here's our master Money tip presented by our sponsors MasterCard,
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  Speaker 3: that we want you to walk away with this episode,
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  Speaker 3: and it's to stop spending emotionally and start spending.
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  Speaker 1: Authentically, which I love. It makes me feel a woman
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  Speaker 1: buzzy and zad.
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  Speaker 3: Going into money with the idea of Okay, I'm just
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  Speaker 3: not going to spend money is not going to help either.
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  Speaker 3: It isn't a good strategy as it associates guilt with
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  Speaker 3: spending money. Being scared to spend money is, as we've
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  Speaker 3: said earlier, a genuine fear and phobia, and we don't want.
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  Speaker 1: To discredit that at all.
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  Speaker 3: But being financially savvy is not about never spending your money.
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  Speaker 3: It's about knowing when to spend your money. To do this,
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  Speaker 3: you need to tap into what feels authentic to you.
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  Speaker 3: We're not saying every single time you spend money there
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  Speaker 3: needs to be this like ultimate cosmic reason. You work hard,
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  Speaker 3: you earn money to live and live an enjoyable life.
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  Speaker 3: So you're allowed to spend fifty dollars on a pair
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  Speaker 3: of jeans if you like them and if you genuinely
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  Speaker 3: love them, or a pair of cowboy boots because you
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  Speaker 3: feel like a badass when you wear them. If that
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  Speaker 3: feels authentic to you, that's okay. Spending authentically means you've
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  Speaker 3: locked into your character and you don't get swept up
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  Speaker 3: in the latest fashion trends, the new viral products, or
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  Speaker 3: whatever marketing tactic is getting thrown at you. It'll be
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  Speaker 3: like cheese bagel, gold hoops.
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  Speaker 1: That's a new one, so fuck now, I wanted Jeze bagel.
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  Speaker 2: That's authentic to act.
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  Speaker 3: That's our bagels, Bagels.
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  Speaker 2: That's core, that's an essential, but that's actual law like
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  Speaker 2: l O I E.
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  Speaker 1: That's the sound our law bagels.
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  Speaker 3: Well, that is a wrap for today's episode of The
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  Speaker 3: Financial Glow Up the twenty twenty five Money Reset.
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  Speaker 1: We will catch you next time.