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How to Build Good Money Habits That Run on Autopilot · She's On The Money

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Speaker 1: Hello, my name is Sanatasha Nabananga Bamblet. I'm a proud
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Speaker 1: or the Order Kerni Whaltbury and a waddery woman. And
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Speaker 1: before we get started on She's on the Money podcast,
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Speaker 1: I would like to acknowledge the traditional custodians of the
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Speaker 1: land of which this podcast is recorded on a wondery country,
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Speaker 1: acknowledging the elders, the ancestors and the next generation coming
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Speaker 1: through as this podcast is about connecting, empowering, knowledge sharing
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Speaker 1: and the storytelling of you to make a difference for
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Speaker 1: today and lasting impact for tomorrow.
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Speaker 2: Let's get into it.
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Speaker 3: She's on the Money, She's on the Money.
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Speaker 2: Hello, and welcome to She's on the Money the podcast.
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Speaker 4: I believes rich giral energy isn't about discipline, It's about systems.
1:03
Speaker 2: If you've ever thought, I know, isn't that nute girl energy?
1:06
Speaker 3: Yeah?
1:06
Speaker 2: Okay, okay, I like it going all right.
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Speaker 4: If you've ever thought, why can't I just stick to
1:11
Speaker 4: a budget? Or why do I keep making the same
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Speaker 4: mistakes over and over that do literually me spoiler alert,
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Speaker 4: it's not.
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Speaker 2: Because you're bad with money.
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Speaker 4: It's because money habits aren't about discipline, They're about systems. VD,
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Speaker 4: I'm excited and joining me is the woman who turns
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Speaker 4: financial stress into financial confidence, the queen of realistic money advice.
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Speaker 4: Nice of you, Well, I was in a good mood today,
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Speaker 4: Oh thank you.
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Speaker 5: I think it's so interesting because everybody looks at me
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Speaker 5: and thinks that maybe I am so good at money
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Speaker 5: and discipline.
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Speaker 2: Yeah, and like I'm not.
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Speaker 5: I'm just good at creating systems that work and still
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Speaker 5: giving myself enough breathing room to feel like I'm not
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Speaker 5: confined by a budget. But like, if we don't have
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Speaker 5: the right system set up, we can't be successful. So
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Speaker 5: I think from my perspective, and you know, knowing that
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Speaker 5: I am a magpie, you could say I needed a
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Speaker 5: system that took away essentially a lot of the control
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Speaker 5: that said, this is the money you can play with,
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Speaker 5: this is the money that you cannot play with. Go
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Speaker 5: forth and prosper right, Okay, okay. See the problem is
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Speaker 5: that I do do this and I spend it anyway.
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Speaker 5: That's human nature, right, Like, You're not the problem. You
2:26
Speaker 5: are not the problem, and none of us are the problem.
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Speaker 5: The problem is not having a system that works for you.
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Speaker 5: Because I can almost guarantee if I set you up,
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Speaker 5: and you had a system and gave you enough cash
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Speaker 5: back that you could still go to the pub with
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Speaker 5: your mates, have a few soda waters. You could still
2:41
Speaker 5: you know, live life to the fullest. But in the background,
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Speaker 5: all your bills were being paid and your savings were
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Speaker 5: banking up slowly.
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Speaker 2: You'd feel really confident. Yeah. Yeah, and often.
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Speaker 5: Once we have that financial security in the background, but
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Speaker 5: you're not as impulsive because you're not looking for instant gratification,
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Speaker 5: because you're gratified.
3:00
Speaker 2: Yeah, like you know when you're just like, oh, I'm
3:02
Speaker 2: all good, I don't need anything. Like that's where we're
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Speaker 2: getting to.
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Speaker 5: Whereas I think a lot of us use instant gratification,
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Speaker 5: especially around spending, as a coping mechanism to feel like
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Speaker 5: we're in control of our money. And like, obviously I'm
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Speaker 5: a bit of a stat scale and forty four percent
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Speaker 5: of your daily behaviors are actually automatic, so they just
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Speaker 5: happen without you even thinking. But if you're stuck in
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Speaker 5: like a bad loop, like maybe you're like me and
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Speaker 5: you get a little bit scroll happy, or you're good
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Speaker 5: at overspending, or you're really good at getting uber eats
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Speaker 5: when maybe you should just be cooking the pasta that
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Speaker 5: you have at home. It's actually not about personal failure.
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Speaker 5: It doesn't mean that you are bad at money. It's
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Speaker 5: actually just a really well rehearsed system.
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Speaker 2: And as a human being, do you know what we like?
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Speaker 5: We like predictability, we like comfort, we like stability. I
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Speaker 5: was literally having this conversation at work yesterday because I
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Speaker 5: have just changed beck side note a whole heap of
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Speaker 5: systems in Zell the Money, and one of my team goes, oh,
4:03
Speaker 5: but I really liked the old document. I'm thinking the
4:06
Speaker 5: old document's ugly. The new document is slay, like what's
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Speaker 5: going on here? And I'm like trying to dive into it.
4:13
Speaker 5: I'm like, you know, what about the old document? Did
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Speaker 5: you like that the new document doesn't have? Because I
4:18
Speaker 5: can always guarantee you like like for like that the
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Speaker 5: new one's better.
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Speaker 2: She's like, Oh, it just.
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Speaker 5: Feels really comfortable, Like I know it, I know how
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Speaker 5: to talk through it with clients. This new one I
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Speaker 5: haven't really had any experience talking through with clients and
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Speaker 5: you just go so you're comfortable. I totally guess that.
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Speaker 5: But if we can make you comfortable with this new
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Speaker 5: system and this new way of talking it's going to
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Speaker 5: be better. Yeah, but not changing is not actually a
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Speaker 5: positive thing. Like it's so good to grow and change,
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Speaker 5: but it doesn't mean that you're bad at things. It
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Speaker 5: just means there's a new, updated system that's working better.
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Speaker 2: Yeah, I know that.
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Speaker 5: When our phone sends that reminder, oh, do you want
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Speaker 5: to update the system tonight, we all say, oh no,
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Speaker 5: I can't be bothered with a new operating system. But
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Speaker 5: then when you got it, you take new friends, being like,
5:00
Speaker 5: did you see those new emojis?
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Speaker 1: Yes?
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Speaker 2: Oh yeah, I love the new emojis.
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Speaker 5: Exactly, Yes I did, and I want those, But like,
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Speaker 5: I just don't want change right now.
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Speaker 2: Yes, God, it's uncomfortable.
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Speaker 4: You know, an ideal world, change would happen and we
5:15
Speaker 4: would just immediately adapt to that, having to do any
5:17
Speaker 4: work that would be ideal.
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Speaker 5: But basically our brains are still wired as though we're
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Speaker 5: cavemen back.
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Speaker 4: That's true, but also adapting is inevitable and that is
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Speaker 4: a beautiful thing.
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Speaker 2: But I do want an OVD. How do we actually
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Speaker 2: break those habits and start building better ones.
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Speaker 5: It's hard because we have to be a little bit
5:33
Speaker 5: real with ourselves.
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Speaker 2: I don't want to be real, No, because it's.
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Speaker 5: Not fun, right, Like we have to identify the habits
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Speaker 5: that aren't serving us, and that doesn't feel good. Like
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Speaker 5: if I sit you down and be like, okay, cool,
5:42
Speaker 5: like you said you want to change, what about you
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Speaker 5: do you want to change, You're going to be like, oh, nothing, nothing,
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Speaker 5: I'm perfect in it and actually okay, But it's confronting
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Speaker 5: right when you go, oh, actually, I do spend too
5:55
Speaker 5: much here, or I'm not prioritizing my savings or I'm
5:59
Speaker 5: not because we have to change our system, so I
6:01
Speaker 5: think we have to get really real about it. And ultimately,
6:05
Speaker 5: you're not making bad choices on purpose. You're literally just
6:08
Speaker 5: repeating what your brain sees as really easy and really familiar.
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Speaker 5: Like if you are comfortable doing that, and like the
6:15
Speaker 5: outcome wasn't that bad last time, why not just do
6:18
Speaker 5: it again?
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Speaker 2: Yeah? Why not? It's comfy? Why would I change?
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Speaker 5: Like, yes, I know that you know, for example, using
6:25
Speaker 5: after pay isn't good, and you know it does take
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Speaker 5: money out of my account moving forward, and I have
6:31
Speaker 5: regretted a lot of my purchases, but that dress does look.
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Speaker 2: Clearly I'm just going to do it again because like
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Speaker 2: the outcome is quote not that bad.
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Speaker 5: It's not that bad, but we could just do it again, right,
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Speaker 5: But ultimately that's not serving you when we need to
6:43
Speaker 5: break that cycle. And that's not comfortable because I'm asking
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Speaker 5: you to make a different decision that does make you
6:49
Speaker 5: slightly uncomfortable. But the outcome is great. The outcome is better,
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Speaker 5: The outcome is empowering, and I think we need to
6:56
Speaker 5: focus on that because I don't know if people are
6:59
Speaker 5: going to be on the same page as me, But
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Speaker 5: I don't believe that like motivation, and I've said this
7:04
Speaker 5: before on the podcast, like motivation and rule power really
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Speaker 5: exist in a way like they're just not going to
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Speaker 5: cut it. Like discipline is just doing it. Like you're
7:13
Speaker 5: not going to get motivated back to do it.
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Speaker 2: You're not going to wake up. It's like going to
7:16
Speaker 2: the gym. You're like, you're so good at this. I'm not.
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Speaker 5: But like you don't wake up and go I'm so
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Speaker 5: excited to go to the gym. You still wake up
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Speaker 5: and you're tired and over it and you're just like, oh,
7:25
Speaker 5: maybe I do need an extra coffee today, But like
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Speaker 5: you just do it, Like we just get up and
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Speaker 5: do it. Like that's discipline, And I think if we
7:32
Speaker 5: can give ourselves more discipline, we are able to achieve
7:36
Speaker 5: those things, because I think people assume that motivation is
7:41
Speaker 5: going to be like the golden ticket, like oh, if
7:43
Speaker 5: I do this, or if I get a new cute
7:45
Speaker 5: workout set, I'll be more motivated to go. No, girl,
7:48
Speaker 5: like I've tried that the brand new pink Lululemon workout
7:52
Speaker 5: set that does look bomb on it doesn't actually get
7:55
Speaker 5: you out of bed that much earlier. Maybe one time
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Speaker 5: because you're excited to wear it for the first time,
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Speaker 5: but the second, third, and fourth time you're just like, well,
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Speaker 5: you're used to it by then, exactly, like we're over.
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Speaker 2: It, right, So what do we do instead.
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Speaker 5: Well, I guess instead of just hoping and wishing that
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Speaker 5: we would be better and going, oh, maybe later, like
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Speaker 5: we need to live in the now and just go,
8:16
Speaker 5: well maybe now, maybe right now, instead of going one day,
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Speaker 5: oh how good are we as well are going like,
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Speaker 5: oh my god, Beck, I'll just do it when I
8:24
Speaker 5: get a pay rise. Or like if I said to you,
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Speaker 5: and this is not an attack on you by any
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Speaker 5: stretch of the imagination, it's just a really good example.
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Speaker 5: If I said to you, hey, Beck, let's sit down
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Speaker 5: and do your budget. And you were like not in
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Speaker 5: the mood to do that. You might go, oh, well,
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Speaker 5: maybe let's wait till next payday. Yes, maybe let's wait
8:40
Speaker 5: until Like there's always us pushing it off. Why it's
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Speaker 5: not because payday is going to be a better time
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Speaker 5: to budget, Beck, It's just a better way to push
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Speaker 5: things off and give us a justification and some validation
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Speaker 5: for not doing what we should be doing in the moment. Ah,
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Speaker 5: because like you and I could sit down and do
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Speaker 5: a budget today. It's not that Campfye is going to
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Speaker 5: be about change. And yes, you might not be able
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Speaker 5: to stick to it right now because we do need
9:04
Speaker 5: to wait till pay day, But like if you did
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Speaker 5: it today instead of waiting till pay day, have we
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Speaker 5: not got a plan for what happens on payday?
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Speaker 2: That's very true.
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Speaker 5: We're setting ourselves up for success, and I think that
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Speaker 5: that's important. But ultimately the goal is build better systems.
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Speaker 5: You are not the problem. Your system is the problem.
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Speaker 5: And how the hell have you got a functioning good
9:24
Speaker 5: system back if you've never been taught, Like, who was
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Speaker 5: going to set your system up to begin with?
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Speaker 2: Totally, that is so true. Like, who's going to.
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Speaker 5: Set you up and be like, okay, back, here are
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Speaker 5: the bank accounts you need, here's where your money should
9:36
Speaker 5: go into. Here's how much you're spending on average, so
9:39
Speaker 5: we need to transfer that each week. And you go,
9:41
Speaker 5: oh that makes sense. No one set you down and
9:44
Speaker 5: done that. So we need to focus on changing the
9:47
Speaker 5: system around you, not just your behavior, because your behavior.
9:51
Speaker 2: That's the really hard part.
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Speaker 5: But if I gave you a system that kind of
9:54
Speaker 5: forces you into a behavior, we love to see it.
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Speaker 2: We love we love to see it, see it, So
10:00
Speaker 2: how do we do that?
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Speaker 5: So I think that's around understanding the psychology of how
10:05
Speaker 5: habits work, and like this sounds a little bit fluffy,
10:07
Speaker 5: but Beck, I don't know if people know this about me,
10:10
Speaker 5: because I have looked at our stats recently. We actually
10:13
Speaker 5: have a lot of new friends joining us, which is
10:15
Speaker 5: very exciting.
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Speaker 2: Hello.
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Speaker 5: This is Beck and I'm Victoria, and I'm wildly passionate
10:20
Speaker 5: about financial literacy. But I also have a background in
10:23
Speaker 5: behavioral psychology, so I haven't accidentally started talking about psychology
10:27
Speaker 5: from a place where I'm like I learned this on TikTok.
10:29
Speaker 2: I actually have two psych degrees, which I don't know.
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Speaker 2: That's pretty cool, that's pretty cool. She's well within her rye.
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Speaker 5: Yeah, my mum's like really proud of me. But we
10:37
Speaker 5: need to understand the psychology of how habits work, because
10:40
Speaker 5: ultimately habits work in loops. The loop is there's a trigger,
10:45
Speaker 5: there's a behavior, and then there's a reward.
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Speaker 2: And we love rewards like I don't lie, I love
10:51
Speaker 2: a sweet treat.
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Speaker 5: I love like have you not been trying to create
10:55
Speaker 5: habits for yourself even if you've never thought about Oh,
10:57
Speaker 5: I need to understand the psychology of like habits. Like beck,
11:01
Speaker 5: I say you need to have a new habit, or
11:03
Speaker 5: you need to do something new tomorrow. If I said
11:06
Speaker 5: there's a sweet treat at the end, you're more likely
11:09
Speaker 5: to want to do it. And you know that that
11:11
Speaker 5: could reinforce the behavior. Right, So we all, I think,
11:15
Speaker 5: inherently understand this idea of how to set up a
11:18
Speaker 5: good habit. But the reward can't be a sweet treat
11:22
Speaker 5: because that's going to eat into our budget. We can't
11:24
Speaker 5: assume that there's going to be a big reward every
11:27
Speaker 5: single time. It needs to be small hits of dopamine.
11:30
Speaker 5: And I think in twenty twenty five. The shitty thing,
11:34
Speaker 5: Beck is that we all have dopamine addictions. Like we
11:39
Speaker 5: all are so good at instant gratification, Like there is
11:42
Speaker 5: not a time where I can't just get the things
11:45
Speaker 5: that I want in my hands within twenty four hours, right,
11:48
Speaker 5: Like I can order things on Amazon, I could order
11:52
Speaker 5: dinner on Uber Eats. If I have a question, I
11:54
Speaker 5: can google it. Like your attention span in twenty twenty
11:58
Speaker 5: five is absolutely in comparison to what it used to be.
12:02
Speaker 5: How long dides it take you, Beck to scroll off
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Speaker 5: a video on TikTok if it's not interesting you, oh
12:07
Speaker 5: my god?
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Speaker 2: Truely? Like I can't be bothered with this, can't be
12:10
Speaker 2: bothered with that?
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Speaker 5: Why the hell would you be bothered with setting up
12:14
Speaker 5: a whole brand new habit around budgeting and cash flu
12:16
Speaker 5: that's boring. When I could watch TikTok's of people doing
12:19
Speaker 5: their makeup, I prefer that. Yeah, and you don't even.
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Speaker 2: Wear makeup, don't, but I love to watch it.
12:26
Speaker 5: Isn't it crazy? Like the amount of building videos I
12:28
Speaker 5: watch on TikTok. Babe, You're never going to build anything up?
12:31
Speaker 5: Why are you educating yourself? But I think if it's
12:35
Speaker 5: around things like you're ordering Uber Eats when you've literally
12:38
Speaker 5: got food at home. I think it's about breaking that
12:41
Speaker 5: habit loop. So you're not just buying Uber Eats because
12:44
Speaker 5: like you're like, oh, I really am craving Chinese tonight.
12:48
Speaker 5: We need to break the habit that you are like, oh,
12:51
Speaker 5: I'm stressed, I'm tired, it's late, it's the end of
12:54
Speaker 5: the day. There's nothing easy in my fridge. I just
12:57
Speaker 5: the easiest thing here is going to be ordering Uber Eats,
13:01
Speaker 5: and I'll just know I'm bad at it, but I'm
13:04
Speaker 5: going to deal with this later. That whole habit needs
13:07
Speaker 5: to be reset. I need to get some stuff into
13:09
Speaker 5: your fridge back that rewards you for being tired, Like
13:13
Speaker 5: you're like, okay, cool, Like I don't have to cook
13:14
Speaker 5: a whole pot roast. But we need to break the habit.
13:18
Speaker 5: What things could you keep in your fridge that are
13:20
Speaker 5: quick and easy to cook? Are we looking at things
13:22
Speaker 5: that you know you might go, oh, but Victoria when
13:25
Speaker 5: I'm at the supermarket, those like pre made meals are
13:27
Speaker 5: so expensive, Like you look at them and you're like fourteen.
13:31
Speaker 2: Dollars a huge oke, Like I feel like they're expensive.
13:34
Speaker 4: They are expensive. Sometimes the home brand ones are pretty good,
13:37
Speaker 4: but if you want to be something that looks advertising.
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Speaker 5: Exactly, like, let's pretend it's fourteen dollars and I feel
13:42
Speaker 5: like that feels expensive sometimes yeah definitely, But what are you.
13:46
Speaker 2: Spending on Uber Eats? Oh? True? Like you know what
13:49
Speaker 2: I mean. You need to contextualize things.
13:51
Speaker 5: So I'm not saying that this pre made fourteen dollar
13:54
Speaker 5: meals are the answer, but like, let's break the habit
13:57
Speaker 5: of always ordering Uber Eats and get some quick things
13:59
Speaker 5: in your free Yeah great, let's go here. And I
14:01
Speaker 5: know this isn't going to align to everybody's budgets, but
14:04
Speaker 5: this is just an example. Let's just do an intermediate.
14:07
Speaker 5: So now there's things in the fridge and you've gotten
14:08
Speaker 5: in the habit of like heating something up. Now a
14:12
Speaker 5: few steps down the road, let's get like some pasta
14:14
Speaker 5: and some stuff in your pantry that you could whip
14:16
Speaker 5: up a quick pasta. We're not just breaking a habit
14:20
Speaker 5: by going to the hardest option. By going you actually
14:23
Speaker 5: have to cook everything from scratch. And also you now
14:25
Speaker 5: have to sacrifice your Sunday beit because you have to
14:27
Speaker 5: do meal prep. Like that's not going to sound that good.
14:31
Speaker 5: But why don't we find a small step in the
14:33
Speaker 5: right direction where you're putting some quick meals in the fridge,
14:36
Speaker 5: so instead of having ubreats, there's something appetizing, it's quick,
14:39
Speaker 5: you pop it in the microwave. Yes, it's not the
14:41
Speaker 5: cheapest option on the market, but that is damn cheaper
14:44
Speaker 5: than uber eats. Yeah, so like let's do that and
14:47
Speaker 5: then small steps in the right direction, right, because you're
14:50
Speaker 5: still getting that dopamine hit of going, oh, there's something
14:52
Speaker 5: nice for me in their fridge. We need to do
14:55
Speaker 5: that with money. Okay, we need to be setting ourselves
14:58
Speaker 5: up for success. I'm not going to strip you you
15:00
Speaker 5: back and go here's this really strict budget. You will
15:03
Speaker 5: it's like a horse going into a horse float for
15:06
Speaker 5: the first time. You will buck and fight and not
15:08
Speaker 5: want to go in. You'll probably bite someone.
15:11
Speaker 2: Well, that's very true. Like I don't want to be restricted. No, no, okay.
15:15
Speaker 5: But like, what tiny little steps in the right direction
15:17
Speaker 5: can we take that feel good but also create really
15:22
Speaker 5: solid habits for us into the future.
15:24
Speaker 4: Yeah, And I think once you get a bit of
15:25
Speaker 4: a briggle on and a snowball effect, yeah, you kind
15:29
Speaker 4: of become obsessed with it.
15:31
Speaker 2: And you're kind of go freight.
15:33
Speaker 5: There's always something in the fridge, and then you might
15:35
Speaker 5: become more attuned to opening the fridge instead of picking
15:39
Speaker 5: up your phone. And that's what we want to see, right,
15:41
Speaker 5: that's what we want to see. We want to see.
15:43
Speaker 5: So if we're talking about I guess habit triggers, there
15:46
Speaker 5: are actually five triggers of a habit that I think
15:49
Speaker 5: we need to understand. So, like you know, we talked
15:52
Speaker 5: before about like a habit loops. You've got your trigger,
15:55
Speaker 5: you've got your behavior, and then you've got your reward.
15:57
Speaker 5: We love a reward. But there are different triggers that
16:02
Speaker 5: trigger habits, right. So the first is the time of day,
16:05
Speaker 5: so you're used to doing something at a specific time
16:08
Speaker 5: of day. It maybe is I finish work and then
16:11
Speaker 5: I order takeaway. For me, it's I wake up in
16:13
Speaker 5: the morning and I have to brush my teeth. Like
16:16
Speaker 5: it's little things that have just become part of my loop.
16:20
Speaker 5: You know, Like I'm in autopilot, and we want budgeting
16:23
Speaker 5: to become autopilot. I don't want it to be stressful
16:25
Speaker 5: for you and your brain. It just starts to associate
16:29
Speaker 5: six pm with that habit. Yeah, like what do you
16:32
Speaker 5: do when you get home back and you're about to
16:33
Speaker 5: order rebreats? Like there will be a specific set of
16:36
Speaker 5: things that you do. You might go, I'm gonna grab
16:39
Speaker 5: a water, I'm gonna sit on the couch, open phone.
16:43
Speaker 2: Yes, that's the plan. That's the loop.
16:45
Speaker 5: We need to break that. The next is your location
16:49
Speaker 5: or your environment. So being in certain spaces can trigger habits.
16:54
Speaker 5: So you like walk into the kitchen and suddenly you're
16:56
Speaker 5: thinking about a snack and automatically you go to the
16:58
Speaker 5: fridge and have a look, even though you know there's
16:59
Speaker 5: no snap in the fridge. These are automated. These are
17:02
Speaker 5: just how our body goes. I know this environment, I
17:05
Speaker 5: know what I do in this environment, right right. The
17:08
Speaker 5: next is your emotional state. And I think this one
17:10
Speaker 5: is downplayed a lot, but your emotional state is so important.
17:15
Speaker 5: And it's stress, it's boredom, it might be loneliness, even celebrations,
17:20
Speaker 5: Like all of these things trigger habits without us even
17:23
Speaker 5: recognizing it or being able to realize it. Like you're
17:27
Speaker 5: not often craving food, You're craving some level of comfort. Yeah,
17:31
Speaker 5: I've had a long day, I do deserve an ice cream.
17:35
Speaker 5: I deserve a treat, Yes, I deserve a for a wash.
17:39
Speaker 5: And then the second last trigger is other people. Oh yeah,
17:43
Speaker 5: sorry sorry, but other people getting involved in your life
17:47
Speaker 5: is going to mean that if your partner's always ordering
17:49
Speaker 5: takeaway Beck, you're more likely to be like, oh.
17:52
Speaker 2: Yes, course yeah. And if it's an a.
17:54
Speaker 5: Husband and I like, I try not to eat the
17:57
Speaker 5: ice creams at home, Beck, And then your husband's on
17:59
Speaker 5: the ca with me.
18:00
Speaker 2: He's like, do we have any ice creams? And I'm like, yeah,
18:02
Speaker 2: we do. We do have ice creams.
18:04
Speaker 5: Yes, I've been sitting on the couch thinking like ice
18:07
Speaker 5: cream And then I'm like, no, no, he had one yesterday,
18:09
Speaker 5: Like you do not need an ice cream every single night.
18:12
Speaker 5: And then my husband looks at me and says, do
18:14
Speaker 5: we have any of those racist ice creams?
18:16
Speaker 2: And I go, oh, yes, yes, we absolutely. Isn't that annoying?
18:20
Speaker 2: Like it's annoying because it's like, especially.
18:22
Speaker 4: If the habit wasn't there before the day, Like I
18:24
Speaker 4: never needed an ice cream.
18:26
Speaker 2: I was never a.
18:27
Speaker 5: Dessert person, and then I got with my partner and
18:29
Speaker 5: here is a dessert. Anyway, It's all of these small
18:31
Speaker 5: things and I think, yes, we're talking about food here,
18:34
Speaker 5: but I think it's just like the most relatable thing
18:36
Speaker 5: because then we can loop it back to going, oh
18:38
Speaker 5: my god, I do understand those inherent habits.
18:42
Speaker 2: In my body and in my life.
18:44
Speaker 5: Okay, they clearly are going to be happening in my
18:47
Speaker 5: money world as well. Right right, habits are not easy
18:51
Speaker 5: to form, but they are also they're kind of like
18:55
Speaker 5: on autopilot. And I guess that's the fifth trigger, right,
18:57
Speaker 5: it's preceding action. Receding action is like something you do
19:02
Speaker 5: right before you do this thing that maybe you don't
19:05
Speaker 5: want to do forever. Like it's things to me, you say, oh,
19:08
Speaker 5: I really need to be better at XYZ. But it's
19:10
Speaker 5: like if you finish a meeting or you put your
19:12
Speaker 5: keys down, it can automatically cue a habit or a
19:15
Speaker 5: response like you finish work, I deserve a treat. And
19:18
Speaker 5: once you're able to figure out what that trigger is,
19:21
Speaker 5: you're able to like break the loop or hack the loop,
19:24
Speaker 5: and you can keep the reward, but maybe choose a
19:27
Speaker 5: different behavior that still goes I guess to that little
19:31
Speaker 5: dopamine hit in your brain, like it still gets you
19:34
Speaker 5: to pick that up, and like there are so many
19:36
Speaker 5: habits and triggers in your body that you might go, oh,
19:38
Speaker 5: I just thought that's how I just worked, right, But
19:41
Speaker 5: we can break them and change them.
19:43
Speaker 2: Do you know what my funniest one is, Beck, tell me,
19:46
Speaker 2: I swear like.
19:47
Speaker 5: My brain she's not a girl's girl sometimes, right, she
19:51
Speaker 5: just works against me. So I've had a good day.
19:54
Speaker 5: I'm not even thinking about anything. I've driven home, I
19:57
Speaker 5: get home, I feel absolutely fine. I get to my
20:00
Speaker 5: front door. I put the key in my front door
20:03
Speaker 5: overwhelming urged to p yeah, I have to pay immediately.
20:06
Speaker 5: Like it's like my brain is like.
20:08
Speaker 2: You are home.
20:09
Speaker 5: It's like the keys or some sound or like getting
20:11
Speaker 5: to the front door. And then I start to fumble
20:12
Speaker 5: and I'm like, fire out, I really need to go.
20:14
Speaker 2: To the market. What the hell?
20:16
Speaker 5: Like it's literally and you can break that as well,
20:20
Speaker 5: but like it's an automated something has triggered in my
20:23
Speaker 5: brain and it's decided that's the outcome.
20:26
Speaker 2: What the hell? So they don't have to make.
20:28
Speaker 5: Sense, Beck, but we can identify these habits that something
20:32
Speaker 5: might happen and something might be the trigger, and then
20:35
Speaker 5: all of a sudden you need to do that.
20:37
Speaker 2: It's like Pavlov's dog.
20:39
Speaker 5: Like if you've heard about that, right, So Pavlov trained
20:43
Speaker 5: dogs to start drooling based on the sound of a
20:46
Speaker 5: bell because he started giving them treats. So he would
20:50
Speaker 5: ring the bell, give the dog a treat, ring the bell,
20:52
Speaker 5: give the dog a treat.
20:53
Speaker 2: No bell, no treat, bell, treat. Then he took the
20:57
Speaker 2: treat away. Cruel. That's cruel, right, but right the belt
21:00
Speaker 2: and the dog was like, aha, treat, treat's coming, and
21:03
Speaker 2: it started drooling. I didn't like it. No treat came. Well,
21:06
Speaker 2: that's so mean.
21:07
Speaker 5: That's a game, right, Yeah, But like that's what we
21:10
Speaker 5: need to learn from because I know that you don't
21:13
Speaker 5: want to be compared to a dog. But at the
21:15
Speaker 5: end of the day, we can be trained in the
21:17
Speaker 5: same way as animals. Yeah, we're just animals. We just
21:20
Speaker 5: out you're doing our best, like I'm just a caveman
21:22
Speaker 5: and sell you beck.
21:24
Speaker 4: Okay, So that does make a lot of sense and
21:27
Speaker 4: honestly explains a lot of my life.
21:29
Speaker 2: But how do we start building like better habits. Oh,
21:31
Speaker 2: you don't want to pee when you get to your
21:32
Speaker 2: front door. I need to do a little bit more
21:34
Speaker 2: than that one. When you get the front door you
21:36
Speaker 2: want to invest? Is that way? It's exactly.
21:39
Speaker 5: I get to the front door, I see my keys,
21:40
Speaker 5: and I'm like, oh damn, I'm jumping on.
21:42
Speaker 2: Chass, desperate to invest inside. Oh my goodness, get me
21:46
Speaker 2: at my budget.
21:47
Speaker 5: I don't know if I can do that for you,
21:49
Speaker 5: but we can definitely like create some good financial habits
21:53
Speaker 5: that make it feel like that.
21:54
Speaker 4: Right, Yeah, like you're busting seas, shaking, dragging. Okay, So
21:59
Speaker 4: we're going to break it down right after this short break.
22:01
Speaker 4: It's all about making your money habits as easy as
22:03
Speaker 4: ordering your breeds, but with way less regret. Welcome back everyone, okay,
22:12
Speaker 4: V Now, I want to know, once we know our
22:14
Speaker 4: habit loop, what do we.
22:15
Speaker 5: Actually Oh, we have so many habit loops. Yeah, like,
22:18
Speaker 5: so what do we do about them? Well, it's about
22:21
Speaker 5: kind of keeping the queue, changing the behavior, right, And
22:25
Speaker 5: I'm going to stop talking about how when I get
22:27
Speaker 5: home I really need to pee, But that is a
22:28
Speaker 5: habit I would like to break. Do you know how
22:30
Speaker 5: stressful it is getting home and you've got like arms
22:33
Speaker 5: full of groceries, I've got a kid on my hip,
22:36
Speaker 5: I'm trying to get the key in the door, and
22:37
Speaker 5: then I'm like, oh, my goodness, why do I have
22:39
Speaker 5: to pee right now?
22:40
Speaker 2: I don't even need to pee. I paid recently that
22:43
Speaker 2: it's a trickle.
22:44
Speaker 5: But I think it's so important that example, because I'm
22:48
Speaker 5: not consenting to that back, like, I did not choose that,
22:51
Speaker 5: but that is a habit that my body has picked up,
22:54
Speaker 5: and I think it it's a fantastic example of how
22:57
Speaker 5: these things just happen. I think a lot of people
23:00
Speaker 5: assume that habits are always good, and habits are always
23:04
Speaker 5: really constructive or could be destructive, like people are like, oh,
23:08
Speaker 5: I need to pick up the habit of like brushing
23:10
Speaker 5: my teeth every morning or whatever it is. But like
23:13
Speaker 5: sometimes being able to understand that little habits can be
23:18
Speaker 5: like little nuances about you. Yeah, we can do the
23:21
Speaker 5: same in our budget and the same in our money life. Right,
23:24
Speaker 5: So if we want to be changing this and we've
23:26
Speaker 5: become aware of these things, keep the cue, change the behavior.
23:31
Speaker 2: Keep the rule ward.
23:32
Speaker 5: Yes, so we're just swapping one thing out so you
23:35
Speaker 5: don't have to change your whole life. We're just swapping
23:37
Speaker 5: I guess the middle.
23:39
Speaker 2: Part of that. So if the trigger is art's the
23:42
Speaker 2: end of the day.
23:43
Speaker 5: I really want to relax, Like, what's a behavior that's
23:46
Speaker 5: going to give you the same experience? Like, because I
23:50
Speaker 5: don't want you to have a not good experience. That's
23:53
Speaker 5: not what we're about. I don't want this to be negative.
23:55
Speaker 5: But like maybe at six pm and you're a bit
23:57
Speaker 5: tired and you're like, oh, really, I'm going to order
24:01
Speaker 5: some Uber eats. What if we swapped it to you
24:04
Speaker 5: popping on your favorite podcast? Hi, it better be ass
24:09
Speaker 5: and you're gonna do some dinner prep. Yeah, Like I
24:13
Speaker 5: don't want you to have to prep dinner and be like,
24:14
Speaker 5: oh my god, nurse, this is so boring. Like okay, well,
24:18
Speaker 5: can we like listen to a podcast or put on
24:21
Speaker 5: a TV series while we're doing that, so you like
24:23
Speaker 5: get the reward while you do the thing.
24:25
Speaker 4: It is quite fun doing that when you put something
24:27
Speaker 4: stimulating on. Yes, then all of a sudden chopping a carrot,
24:31
Speaker 4: it's not too bad.
24:32
Speaker 2: It's kind of enjoyable.
24:33
Speaker 5: Yeah, it's like you're getting a reward while doing. Yeah,
24:36
Speaker 5: the thing you need to do, you get double reward
24:39
Speaker 5: you get doing and the reward whenever I clean the house.
24:42
Speaker 5: I have a playlist. I can share it with you.
24:44
Speaker 5: It's like old school bangers that you would sing in
24:47
Speaker 5: your car. Yeah, but like I have to put that
24:48
Speaker 5: playlist on and then I can power through like an
24:50
Speaker 5: hour of cleaning my house. But like it doesn't feel
24:53
Speaker 5: so bad when I match it with something that I enjoy.
24:57
Speaker 5: So that's what we're looking for, right, So we're not
24:59
Speaker 5: trying to ruin our own lives because I think so
25:03
Speaker 5: many people think, oh, thing is going to be so hard.
25:05
Speaker 5: We're like replacing a behavior or we're replacing something in
25:10
Speaker 5: our budget, but we're not restricting ourselves.
25:12
Speaker 2: Yeah, keeping the trigger, keeping the reward, changing the middle one.
25:15
Speaker 5: Because like if I said to you, Beck, like I'm
25:17
Speaker 5: at your house, let's pretend you've invited me over and
25:20
Speaker 5: you're like, oh, let's order some Uber eats, I would
25:23
Speaker 5: very easily agree to that. But what if I said, oh,
25:25
Speaker 5: let's pop on some music and we could like prep
25:28
Speaker 5: a cute pasta together.
25:30
Speaker 2: I think we're both down for that.
25:32
Speaker 5: Yeah, like that we can, but like we could do
25:34
Speaker 5: cute things on our own as well, Like instead of
25:36
Speaker 5: you ordering uber eats on your own, Beck, could you
25:39
Speaker 5: pop on a podcast, hang out with some podcasting friends,
25:43
Speaker 5: and chop up your carrots.
25:45
Speaker 2: Yeah.
25:45
Speaker 5: It doesn't have to be massive in terms of change.
25:48
Speaker 5: It can be small. Like if you're telling yourself, beck,
25:51
Speaker 5: do not order Uber eats. I need to break this habit.
25:55
Speaker 1: Girl.
25:55
Speaker 2: That's friction, that's deprivation. That's so true. That sucks, and
25:59
Speaker 2: then you lose your mind and you want a twenty
26:01
Speaker 2: years All I'm thinking about is Uber eats.
26:04
Speaker 5: Instead, you're going to tell yourself have something better prepared
26:07
Speaker 5: and ready to go in the fridge, so that that
26:09
Speaker 5: doesn't feel like I'm being restricted, because like, oh, like
26:13
Speaker 5: right now, if I don't order Uber eats, I have
26:15
Speaker 5: to have toast for dinner, and I want toast for dinner.
26:18
Speaker 2: We're going to put something nice in the.
26:19
Speaker 5: Fridge and start that loop of prepping our dinner and
26:23
Speaker 5: getting it ready. And it means that it's easy, but
26:26
Speaker 5: you still get the reward of having like a quick dinner,
26:29
Speaker 5: and you're still on the couch and you're still enjoying
26:31
Speaker 5: your time. But we need to make the new behavior
26:35
Speaker 5: more appealing than the old one. And I guess I'm
26:37
Speaker 5: harping on about Uber eats because financially, that is something
26:42
Speaker 5: that lots of people in our community are saying, like, oh,
26:44
Speaker 5: I relate to that, and if you don't relate to that,
26:46
Speaker 5: that's so fine.
26:47
Speaker 2: There's going to be something else. Like it's so funny.
26:50
Speaker 2: Someone message me the other day in the libitoria.
26:52
Speaker 5: You always use uber eats as an example, but I'm rural,
26:54
Speaker 5: Like I don't even have uber eats, And I was like,
26:56
Speaker 5: first things, first, i'manthis of you. But second, there's gonna
27:02
Speaker 5: be things that you're doing that you can go. Oh,
27:05
Speaker 5: that's a pretty simple example Victoria is using. But like
27:08
Speaker 5: I do X YORZ or like you know, maybe you
27:11
Speaker 5: want to prep more fresh food, but you keep just
27:15
Speaker 5: chucking seam chicken nuggets in the oven yep relatable, Like,
27:18
Speaker 5: I don't think it's you have to relate to my
27:21
Speaker 5: Uber eats example. It's just an easy example. We are
27:24
Speaker 5: falling into a bit of a system and another thing
27:26
Speaker 5: you can do, and this works really well for me.
27:29
Speaker 5: Just side note as somebody with ADHD like really well,
27:33
Speaker 5: and I call it habit stacking, or everybody calls it
27:36
Speaker 5: habit stacking, but habit stacking is where you stack it
27:39
Speaker 5: with an existing habit.
27:41
Speaker 2: So for me, I'm not gonna lie.
27:44
Speaker 5: I did learn about this on TikTok and it works
27:47
Speaker 5: really well. But just say you're like working from home
27:50
Speaker 5: and you know the end of the day is like
27:51
Speaker 5: your trigger. So if I'm being open and honest, during COVID,
27:56
Speaker 5: the end of the day was my trigger to have
27:58
Speaker 5: a glass of wine. Yes, Like I would get to
28:00
Speaker 5: the end of the day and I would like see
28:02
Speaker 5: five pm and I'd look at my husband and be like,
28:04
Speaker 5: so is it one time? Like because that was my break,
28:07
Speaker 5: Like that was the thing that in my head was
28:10
Speaker 5: triggering going from work Victoria to home Victoria because we
28:13
Speaker 5: didn't have that like third period where we were driving
28:17
Speaker 5: or whatever. Also, there wasn't all that much to do
28:20
Speaker 5: during COVID. Let's be honest. I think lots of us
28:22
Speaker 5: can relate to that. But just say, after I close
28:26
Speaker 5: my laptop, I'm going to go straight to the kitchen
28:28
Speaker 5: and I'm actually going to play my favorite podcast and
28:31
Speaker 5: start meal prepping. Like you need to start actively going.
28:33
Speaker 5: I'm going to do this instead, but make it enjoyable.
28:36
Speaker 5: So it could be a podcast, it could be TV,
28:38
Speaker 5: it could be music, it could be literally anything. But
28:41
Speaker 5: we're going to stack one habit with another. But one
28:45
Speaker 5: of those things is something you really enjoy doing. So
28:48
Speaker 5: like a couple of my girlfriends. I recently have been
28:52
Speaker 5: talking to them about podcasts that they like listening to.
28:55
Speaker 5: We're really into true crime and there's a few really
28:57
Speaker 5: good true crime series that you know if you follow
29:01
Speaker 5: me on my Instagram, like, you'll know what I'm listening
29:03
Speaker 5: to at the moment. But we tell ourselves that we
29:07
Speaker 5: can only listen to the good episodes like the new
29:09
Speaker 5: one if we're out on a walk. So I want
29:12
Speaker 5: to be more active. I need to get out more,
29:15
Speaker 5: but like I'm bored in two seconds. Back walking can
29:18
Speaker 5: be so boring. So I'm like, Okay, cool, new episodes out.
29:22
Speaker 5: I get to go on a walk soon. So you're
29:23
Speaker 5: stacking something that you really like doing with something that
29:26
Speaker 5: you want to do more of.
29:28
Speaker 2: Yeah.
29:29
Speaker 5: So maybe you're getting yourself a glass of wine to
29:31
Speaker 5: do your budget.
29:32
Speaker 2: Yeah, okay. We want to reward.
29:35
Speaker 5: Ourselves, right, And another way to be setting yourself up
29:38
Speaker 5: for success is genuinely changing the environment.
29:41
Speaker 2: If I open your phone back, where's the uber eat sap?
29:44
Speaker 2: He's actually now on the second page. Aay, so you're learning,
29:48
Speaker 2: you're like trying to take it away. That's true. It
29:50
Speaker 2: doesn't work very well, but you.
29:52
Speaker 5: Know what small steps in the right direction. Because you're
29:54
Speaker 5: trying to change the environment. It's not the first thing
29:57
Speaker 5: that you see when you open your phone and can
30:00
Speaker 5: often just trigger a thought of like oh uber eats,
30:02
Speaker 5: Oh that's right, I'm going to X, Y and Z.
30:06
Speaker 5: Or if like you're prepping food gol, why is it
30:09
Speaker 5: in the back of your fridge. No one wants to
30:12
Speaker 5: go to the back of the fridge. You're going to
30:13
Speaker 5: see it. You're going to see a better option, and
30:15
Speaker 5: that's not opening the fridge, Like very true, make it cute.
30:19
Speaker 5: You've got to make a new habit easier to do
30:22
Speaker 5: than the old one, and sometimes that actually means adding
30:25
Speaker 5: a little bit of healthy friction to the bad habit.
30:29
Speaker 5: So like that's when I'm saying, sometimes the fourteen dollar
30:33
Speaker 5: meal from coals is actually going to save you money.
30:37
Speaker 5: Like I'm not saying that that is a budget efficient process,
30:40
Speaker 5: like I could whip up a whole meal for four
30:42
Speaker 5: people for ten bucks back, Like we're not talking about
30:45
Speaker 5: what is the cheapest option. We're talking about what is
30:49
Speaker 5: the middle ground that is going to lower the friction
30:52
Speaker 5: of you changing that habit and we can get to
30:54
Speaker 5: the ten dollar meals. We can I did a whole
30:57
Speaker 5: episode on it. But what's the middle of going from
31:01
Speaker 5: ordering fifty dollars worth of Uber eats every single night
31:04
Speaker 5: for two people? Okay, well, maybe we're getting two fourteen
31:07
Speaker 5: dollar meals and keeping them in the freege and just
31:09
Speaker 5: having them when we don't feel like we want to cook. Yeah,
31:13
Speaker 5: let's have some easy options. I'm not saying that that
31:16
Speaker 5: is the most budget efficient way of living life. It
31:19
Speaker 5: is not, beck, but you've got to make these new
31:21
Speaker 5: habits easier because at the end of the day, we
31:24
Speaker 5: just need to create more friction for the bad habit.
31:27
Speaker 5: Do you know what would make it harder for you
31:28
Speaker 5: to order Uber eats word? Okay, so you're going to
31:31
Speaker 5: go on your Uber Eats app. I'm sorry, Uber Eats,
31:33
Speaker 5: give me do that right now. I don't know if
31:35
Speaker 5: you want to do this.
31:36
Speaker 2: You're going to delete your credit card details?
31:38
Speaker 4: No, that's actually a good idea because then you're like, oh,
31:40
Speaker 4: I've got to go get them.
31:42
Speaker 3: Yeah.
31:42
Speaker 5: Do you know how many purchases I don't make online
31:44
Speaker 5: because they don't have Apple pay or they don't have
31:47
Speaker 5: my credit card details immediately and then I'm like, ah,
31:51
Speaker 5: I can't actually be bothered getting up and going and
31:53
Speaker 5: getting my credit card and keying in the details. We're
31:56
Speaker 5: deleting our credit card details.
31:57
Speaker 2: It always snaps you out of it.
31:59
Speaker 5: Yea, take something and it's lame and these are small things,
32:02
Speaker 5: but you have to now get up, go get your
32:04
Speaker 5: wallet and manually put your credit card details in every
32:07
Speaker 5: single time you want to do it.
32:08
Speaker 2: Well, I just saved you a lot of money, didn't I. Yeah,
32:10
Speaker 2: that's such a good idea because.
32:12
Speaker 5: You have to really think about it. If I'm going
32:13
Speaker 5: to get up and go get my wallet, I as
32:15
Speaker 5: we'll go make pasta Yeah.
32:18
Speaker 4: Or if you change your log into two FA two
32:21
Speaker 4: factor authentication, like with the authenticator appe nobody in the
32:25
Speaker 4: history of the world.
32:27
Speaker 5: But that makes the new habit easier than the old
32:29
Speaker 5: one in a way. Yeah, So that's what we want
32:32
Speaker 5: to do.
32:32
Speaker 2: And like it sounds small, but we're.
32:34
Speaker 5: Creating barriers to make the old habit less appealing, so
32:40
Speaker 5: that your brain actually has to pause and go hold on,
32:42
Speaker 5: hold on, this.
32:43
Speaker 2: Loop isn't looping. What's my new loop?
32:46
Speaker 5: Oh, I'm going to go do that because if you're
32:49
Speaker 5: standing there hungry and suddenly you get up, you have
32:51
Speaker 5: to find your card dates no, it's just not going
32:54
Speaker 5: to happen. You're more likely to think this is actually
32:57
Speaker 5: too hard, basket, and you're going to go to the
32:59
Speaker 5: free How do we do that? When it comes to finances,
33:03
Speaker 5: that could look like, you know, Beck, if you're really
33:06
Speaker 5: bad at dipping into your savings, which I mean all
33:09
Speaker 5: of us are at some point, do you actually need
33:12
Speaker 5: to And sometimes there's a little bit of work involved
33:14
Speaker 5: in setting these new habits up. I'm not going to pretend,
33:16
Speaker 5: oh it's so easy. Yeah, right, it's so easy, Beck,
33:20
Speaker 5: But like maybe it means you, and I mean metaphorically
33:25
Speaker 5: not physically, we're going to go and open a new
33:27
Speaker 5: bank account with a different company. So you might bank
33:30
Speaker 5: with NAB and you're really bad at dipping in because
33:33
Speaker 5: like when you log into yournab account, you can see
33:35
Speaker 5: all of your money or you're with ing whatever, you
33:38
Speaker 5: can see all of your money and what's accessible to you.
33:41
Speaker 5: Maybe we take your savings and put it with a
33:43
Speaker 5: different bank. Technically they're still just as accessible, but they're
33:48
Speaker 5: harder to get to because there's that mental barrier. But
33:52
Speaker 5: then also you're not logging into your daily spending accounts
33:55
Speaker 5: and having a look at how much cash do you
33:56
Speaker 5: have beck you don't see your savings in that moment,
33:59
Speaker 5: because your savings shouldn't be an option, Like if we're
34:02
Speaker 5: ordering oubreits or we're checking our account to see, you know,
34:05
Speaker 5: how much have we got to spend at the grocery
34:06
Speaker 5: shop tonight, like I don't want you to then go,
34:10
Speaker 5: Or if I transferred an extra fifty bucks from my savings,
34:13
Speaker 5: we're not giving ourselves that option. And don't get me wrong,
34:16
Speaker 5: we're in twenty twenty five. If you needed to transfer
34:18
Speaker 5: money from your savings to a different bank.
34:20
Speaker 2: OSCO exists, it's.
34:22
Speaker 5: Going to happen instantaneously most times anyway, So we're not
34:26
Speaker 5: actually making our money out of reach.
34:28
Speaker 2: You're in an emergency, you still have your emergency fund.
34:31
Speaker 5: Maybe that just needs to sit out of sight, out
34:33
Speaker 5: of mind, and that can be quite constructive. It's like,
34:37
Speaker 5: and I know that there's another barrier to entry here
34:40
Speaker 5: for you personally, but you shared that you have now
34:42
Speaker 5: more than five hundred dollars in your investing account, which
34:46
Speaker 5: is so cool, But like that barrier to entry is
34:49
Speaker 5: it's on a different platform. Yeah, you're like, oh no,
34:51
Speaker 5: I can't touch that. Yeah, so can we create that again,
34:54
Speaker 5: when it comes to money, I think we can.
34:57
Speaker 2: That is a really good point for you.
34:59
Speaker 5: We need to and you know what, I know we
35:01
Speaker 5: need systems because I need systems. Yeah, I need systems.
35:05
Speaker 5: I need my money to not be as accessible because
35:07
Speaker 5: I do get a little bit tap happy, a little
35:09
Speaker 5: bit spendy. But I know that about myself, and I'm
35:12
Speaker 5: fine to talk about that. But what am I putting
35:15
Speaker 5: in place so that when I'm in that mood of being, like.
35:20
Speaker 2: I do really want to go shopping, I'm not able
35:23
Speaker 2: to do that as easily.
35:25
Speaker 5: So, like my savings do sit with a different bank,
35:28
Speaker 5: and that bank account I don't have a debit card,
35:31
Speaker 5: so it's like a savings account. Yes, I can technically
35:33
Speaker 5: go in there and transfer money out and back to
35:35
Speaker 5: my other bank, but I'd have to log into a
35:37
Speaker 5: different banking app. And like if it's out of sight
35:40
Speaker 5: for me, often it's out of mind totally. Like having
35:45
Speaker 5: to log into something else is like a little reminder
35:47
Speaker 5: that maybe I shouldn't be doing this.
35:49
Speaker 4: A side note, I did actually do that the other day.
35:51
Speaker 4: Now I have three bank accounts. I don't know if
35:52
Speaker 4: that's too excessive, but one of them I'm not allowed
35:54
Speaker 4: to see.
35:54
Speaker 5: I have so many bank accounts. You can have as
35:56
Speaker 5: many as you want. Lots of people in our community
35:59
Speaker 5: have up Bank, like they really like Upmang and they
36:02
Speaker 5: have like lots of different savers and whatnot.
36:05
Speaker 2: And I think that's great. Do you think Jessica Rifke's.
36:07
Speaker 5: Banking system she has, like I think it's like fourteen
36:10
Speaker 5: different savers.
36:11
Speaker 2: Oh my god, that's so good.
36:12
Speaker 5: But like you can cut it and slice it and
36:14
Speaker 5: dice it however where it works for you.
36:15
Speaker 2: But I want it to work for you. That is
36:17
Speaker 2: so tru y. Okay.
36:19
Speaker 4: So hypothetically we've kind of like we're on this new
36:22
Speaker 4: path that is leading us to better places.
36:25
Speaker 2: But if like I do fumble stumble, I'm a fumbler.
36:30
Speaker 2: I'm a stumbler, and.
36:31
Speaker 4: I do get uber eyes yeah slay, Well, I just
36:34
Speaker 4: will like in my brain, will that kind of like
36:36
Speaker 4: reaffirm the habit that.
36:38
Speaker 5: Exists or well, it does reaffirm that habit, and it
36:41
Speaker 5: does sometimes set up a really negative self talk, like
36:45
Speaker 5: you might go, see, I am really bad at money.
36:47
Speaker 2: See I'm not good at this right?
36:49
Speaker 5: Yeah cool, You've just fallen into a more comfortable behavior.
36:52
Speaker 5: I can't judge you for that. You shouldn't judge you
36:54
Speaker 5: for that. Something that helps me significantly is visuals. I'm
36:58
Speaker 5: a visual learner. Like I love a picture, I love
37:01
Speaker 5: a graph, I love a flow chart. I love when
37:03
Speaker 5: people draw things on whiteboards. I'm like, oh, that makes
37:06
Speaker 5: so much more sense. Now you draw a bubble around it.
37:09
Speaker 5: Let's make it visual. So if your habit isn't visual,
37:13
Speaker 5: it's often very hard to forget. You want to be
37:16
Speaker 5: able to see your progress so that your brain registers
37:18
Speaker 5: that something good is happening.
37:20
Speaker 2: You can use you.
37:21
Speaker 5: Know, tracking apps and spending apps, but like go on
37:24
Speaker 5: my website, Beck there are free savings trackers.
37:27
Speaker 2: You can print them out.
37:28
Speaker 5: They are so asthetic because our graphic designer did a
37:30
Speaker 5: slagh job of setting them up. But you can print
37:33
Speaker 5: out a tracker and pop it on your fridge and
37:35
Speaker 5: color in a bubble every time you meet a savings goal.
37:38
Speaker 5: You could have a habit tracker where every time you
37:41
Speaker 5: literally don't get uberitz, you give yourself a gold star.
37:44
Speaker 2: I love a gold star. Yeah, gorgeous.
37:46
Speaker 5: I love the idea that I can track things, post
37:49
Speaker 5: it notes on your mirrors, a note on your fridge
37:52
Speaker 5: with your actual savings goal or your spending limits, Like
37:56
Speaker 5: maybe there's a paper calendar that you can tick things
37:58
Speaker 5: off or draw things on. I think when it comes
38:02
Speaker 5: to habits, what triggers your dopamine? Sure, make use of that.
38:07
Speaker 5: Make if I use dopamine as your best friend? Okay, okay,
38:11
Speaker 5: but how do we do that? We want those dopamine hits,
38:14
Speaker 5: but I want it to be associated with your money
38:16
Speaker 5: and good habits and creating habits that make sense to you.
38:19
Speaker 5: But beckwi humans you said before like, oh, like if
38:24
Speaker 5: I order your breathes, like, am I a bad person?
38:26
Speaker 2: Absolutely? Not like a You're not a robot? Ew no,
38:31
Speaker 2: thank you.
38:32
Speaker 5: You're not going to get it right every single day,
38:35
Speaker 5: Like there are going to be times that you fall
38:37
Speaker 5: off the bandwagon, and you know what, that's fine?
38:40
Speaker 2: Do you know what that does?
38:41
Speaker 5: It reminds us do we still want to be doing this?
38:43
Speaker 5: You'd be like, yes, I do. I'm just going to
38:45
Speaker 5: get back on the horse. It doesn't matter. Your money
38:48
Speaker 5: does not define you as a human being. Have you
38:51
Speaker 5: ever looked at somebody and mean, like, she's.
38:54
Speaker 2: So good at budgeting. I want to be her friend?
38:57
Speaker 2: Unfortunately not except for you. No, hopefully you don't want
39:00
Speaker 2: to be my friend because I'm good at money. That's
39:03
Speaker 2: so key, weird, beg.
39:05
Speaker 5: I've never looked at someone and been like, oh, she's rich,
39:07
Speaker 5: I want to be a friend. And if you are
39:09
Speaker 5: looking at people and want to be their friends because
39:10
Speaker 5: they're wealthy, weird, so weird. Maybe like missing one or
39:15
Speaker 5: two days of your habits it doesn't matter, like, yeah,
39:19
Speaker 5: might impact your progress. Cool, we can push timeframes out,
39:23
Speaker 5: that doesn't matter. Just be kind to yourself. If you
39:26
Speaker 5: can't be kind to yourself, how are you expecting other
39:29
Speaker 5: people to be kind to you?
39:30
Speaker 2: Right? How you're going to stick to anything? If your
39:32
Speaker 2: internal monologue is I.
39:33
Speaker 5: Think just showing up is the most important part. And
39:36
Speaker 5: if you don't feel like you showed up today, that
39:38
Speaker 5: is absolutely fine.
39:39
Speaker 2: You can show up tomorrow. That is so fine.
39:42
Speaker 5: It's what creates change, It's what's going to create good habits.
39:46
Speaker 5: And I think so many times we tell ourselves I'm
39:48
Speaker 5: so bad at money, or I'm not good at this,
39:50
Speaker 5: or I'm never going to be good at that. Beck
39:52
Speaker 5: money is genuinely not hard. It's hard because we've never
39:55
Speaker 5: done it. Yeah, anything is hard when you've never done it.
39:58
Speaker 2: That is a really good reminder. Definitely something that I
40:00
Speaker 2: think we all probably hear.
40:02
Speaker 5: Literally, and you're literally one of the most creative people
40:04
Speaker 5: I know.
40:05
Speaker 2: Thank you.
40:06
Speaker 5: How did you know how to do like clay arts?
40:09
Speaker 5: How do you know how to fire things? Research? Right?
40:11
Speaker 2: Yes, that's very true.
40:13
Speaker 5: But like if you can teach yourself six million new
40:16
Speaker 5: habits like that or little crafts or little hobbies, I
40:20
Speaker 5: promise you can learn about money. Money is not that hard.
40:22
Speaker 2: Oh my god, that is so true, Like I promise. Wow,
40:25
Speaker 2: what a spiritual awakening this has been.
40:27
Speaker 5: Anyway, I think just starting small, making it obvious, giving
40:30
Speaker 5: yourself a little reward, and just keep going. You're not failing.
40:34
Speaker 5: You're actually learning. Like when we're not working something out
40:37
Speaker 5: and you're saying, oh, I did that wrong. You didn't
40:40
Speaker 5: used to see that is wrong. Yeah, like you're learning,
40:43
Speaker 5: you're creating your own boundaries, and we love to see it.
40:46
Speaker 2: Every time you.
40:47
Speaker 5: Show up, even in a tiny way, you're actually just
40:49
Speaker 5: reinforcing a habit that future you is going to love
40:52
Speaker 5: you for.
40:53
Speaker 2: We love to see that. We love to see that exactly.
40:56
Speaker 1: Yeah.
40:56
Speaker 2: I really needed this talk today, so thanks.
40:58
Speaker 5: Sorry. Sorry I didn't mean to make you feel like
41:00
Speaker 5: ACKed by me going change your habits, change your life.
41:03
Speaker 2: You know, I personally really needed this.
41:06
Speaker 4: So if you've got a friend who keeps saying I'm
41:07
Speaker 4: just bad with money, make sure he shares.
41:09
Speaker 2: Remember you're just not prioritizing her.
41:12
Speaker 4: And also, how do you know if you haven't been taught,
41:15
Speaker 4: don't forget to subscribe so you never miss an episode
41:18
Speaker 4: because we've got so much more money, mindset goodness coming
41:20
Speaker 4: your way.
41:21
Speaker 5: And we're like really smart, and we're really smart yeah,
41:24
Speaker 5: and like really hot.
41:25
Speaker 4: Yeah, and also yes, very hot. Don't do version.
41:31
Speaker 2: We have faces for audio. Yeah, just trust us. We're
41:34
Speaker 2: really hot. Yeah, trust us. Anyway, have a good week, guys.
41:38
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