Latest / Rock My Finances / The Seven Money Wounds Series–Trust – When You Stop Trusting Yourself with Money
Transcript
- 0:00Speaker 1: Investment advisory and financial planning services are offered through Simplicity
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- 0:38Speaker 1: and objective.
- 0:40Speaker 3: Welcome to the Rock My Finances show on k for
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- 0:46Speaker 3: fund in finance. Join Powerhouse Jeffer josp CDFA CMC and
- 0:51Speaker 3: private Wealth advisor as she collaborates with you to create clarity,
- 0:56Speaker 3: control and confidence with your money, your way. It's not
- 1:01Speaker 3: about the zeros. So what is it all about? Let's
- 1:04Speaker 3: find out.
- 1:05Speaker 2: Now.
- 1:05Speaker 3: Here's your host and weekly friend, Jennifer Jose.
- 1:09Speaker 2: Welcome back, So glad you're here. This is going to
- 1:12Speaker 2: be a really great show. This is part of the
- 1:15Speaker 2: seven Money Wounds series. I don't know that sounds good,
- 1:18Speaker 2: doesn't sound positive, sounds all yucky, but I promise you
- 1:21Speaker 2: tex us all just saying today we're going to talk
- 1:24Speaker 2: about trust. This is a hard one, especially for women
- 1:29Speaker 2: have been betrayed, cheated on, lost money, divorced, childhood, sucked,
- 1:34Speaker 2: whatever it might be. Trust is a tough one. I've
- 1:37Speaker 2: heard from many women. I'm just not good with money.
- 1:42Speaker 2: Have you ever said that, Have you ever made a
- 1:44Speaker 2: bad investment? Maybe you trusted someone that you shouldn't have.
- 1:48Speaker 2: I actually had a gal come to me one time
- 1:50Speaker 2: two hundred and fifty thousand dollars. She gave this guy,
- 1:52Speaker 2: some guy. You know, there's always some guy out there,
- 1:55Speaker 2: and she came to me. She came to my wine,
- 1:58Speaker 2: women and wealth thing that I had years ago, and
- 2:01Speaker 2: she we were trying to figure out how to get
- 2:03Speaker 2: that money back. Literally gave it to some guy like
- 2:05Speaker 2: literally wrote to check out to his name, and of
- 2:07Speaker 2: course she couldn't get it back. It was long gone.
- 2:10Speaker 2: And talk about a sense of betrayal. She had to
- 2:14Speaker 2: forgive herself for not being educated around this guy and
- 2:18Speaker 2: calling for something in order for her to ever have
- 2:20Speaker 2: a financial life again. Right, So, maybe you stayed in
- 2:24Speaker 2: a relationship where someone gave you control of the finances
- 2:27Speaker 2: or took your control from the finance. Maybe you stayed
- 2:29Speaker 2: in a relationship too long. Maybe you ignored red flags
- 2:33Speaker 2: before you got into a relationship. Maybe you accumulated debt
- 2:36Speaker 2: like in college or in your twenties, and you don't
- 2:40Speaker 2: ever want to feel that way again. Maybe you sold
- 2:42Speaker 2: an investment at the wrong time and lost so much money.
- 2:46Speaker 2: Maybe you made a financial decision that you just cringe
- 2:51Speaker 2: when you think about. That's like one of the first
- 2:53Speaker 2: things that I have people do when they come into
- 2:54Speaker 2: my coaching program is look back at your financial roles
- 2:57Speaker 2: or anything that you'd like to change. I don't like
- 2:59Speaker 2: the word regret because it's always taught us something. But
- 3:03Speaker 2: we want to look at that because that's still in
- 3:04Speaker 2: our body, right, It's in our muscles, that's in our psyche,
- 3:08Speaker 2: and it still affects us every decision that we make
- 3:12Speaker 2: because we keep thinking, oh, I made a bad decision,
- 3:15Speaker 2: and we start saying, now I make bad decisions all
- 3:17Speaker 2: the time, or I can't make good decisions. The two
- 3:20Speaker 2: statements are completely different one means I have made a
- 3:25Speaker 2: bad decision in the path, or I am just bad
- 3:29Speaker 2: at making decisions altogether. So that's when we need to
- 3:32Speaker 2: change some things. The other one becomes part of your identity.
- 3:35Speaker 2: You take it on yourself as I just make bad
- 3:38Speaker 2: decisions versus that was just a bad decision that I made.
- 3:41Speaker 2: And the trust money wound begins is when we stop
- 3:46Speaker 2: trusting ourselves. So trust is such an interesting money wound
- 3:50Speaker 2: because it often hides underneath other behaviors. Maybe you research
- 3:54Speaker 2: everything to death right. Maybe you learn all the article
- 3:58Speaker 2: you read, all the articles you learn from your friends,
- 4:00Speaker 2: You ask a bunch of people, you even sit down
- 4:02Speaker 2: with several financial advisors. I've just spent time with this
- 4:06Speaker 2: lady who has two financial advisors that she says she
- 4:08Speaker 2: doesn't trust. I spent hours with her, several appointments, gave
- 4:13Speaker 2: her many opinions and everything that I have planned for her.
- 4:17Speaker 2: She immediately makes more money, it is definitely better off
- 4:21Speaker 2: in the future, and she still doesn't trust. So she's
- 4:25Speaker 2: still with the other people, which is totally great. But
- 4:28Speaker 2: I know there, I've done my job right and I've
- 4:31Speaker 2: shown her another a different way. So we have to
- 4:34Speaker 2: look at our trust issues back in the day. Then
- 4:38Speaker 2: sometimes we even lie awake at night and we ruminate
- 4:41Speaker 2: over the decisions that we've made. Maybe I should have
- 4:43Speaker 2: done this, Maybe I should have done that. Maybe I
- 4:45Speaker 2: should have got more advice, Maybe I should have got
- 4:47Speaker 2: any advice. But there's always a difference between gathering information
- 4:51Speaker 2: and handing somebody else's responsibility over your life. When you've
- 4:54Speaker 2: become so afraid of making the wrong decision, you just
- 4:57Speaker 2: make no decision at all. And this is where costs
- 5:00Speaker 2: people time, money, It costs people's stress. And I'm all
- 5:03Speaker 2: about our health right. I do not need to be
- 5:05Speaker 2: more stressed than my life provides. So let's talk about this.
- 5:10Speaker 2: I don't think we talk about her enough when we're
- 5:12Speaker 2: making decisions. It's difficult when we're leaving our money sitting
- 5:16Speaker 2: somewhere because we're afraid to invest it. That is a decision.
- 5:20Speaker 2: When we're staying in a bad relationship and we know
- 5:23Speaker 2: it's not good, but we stay, we say for many reasons,
- 5:27Speaker 2: that is a decision you're choosing if you're in a relationship,
- 5:31Speaker 2: if you're in a house and a job, in a car,
- 5:33Speaker 2: in anything. Every day you wake up and you do
- 5:36Speaker 2: the same thing over again. You're making a decision to
- 5:38Speaker 2: keep that in your life. When you have friends, maybe
- 5:41Speaker 2: you don't feel so great about the friends. Maybe even
- 5:44Speaker 2: you are doing a monthly dinner with a bunch of friends,
- 5:49Speaker 2: or a monthly workout schedule or something. You go on
- 5:54Speaker 2: vacation every year with a group of friends, but you
- 5:56Speaker 2: really just don't enjoy it. It's not a priority for you.
- 6:00Speaker 2: When we're doing that every time, when we really don't
- 6:02Speaker 2: really want to be there, that is a decision. So
- 6:05Speaker 2: avoidance does not protect us from consequences. You're avoid saying
- 6:10Speaker 2: that I want to do this, or I'm changing my mind,
- 6:11Speaker 2: or I'm getting out of the relationship. This is how
- 6:14Speaker 2: the trust willed begins for someone in trust room starts
- 6:17Speaker 2: with money, other women, it starts someplace health entirely. Someone
- 6:20Speaker 2: could have betrayed you through a divorce. You might somebody
- 6:24Speaker 2: might even hid money from you, maybe even lied about debt.
- 6:28Speaker 2: Could have been seeing your parents fight about money. Your
- 6:31Speaker 2: mom might you know, not show everything to your dad
- 6:35Speaker 2: and know that it was generalizing. But sometimes spouses are
- 6:40Speaker 2: not one percent honest with the other spouse of everything
- 6:44Speaker 2: that they're spending, and they pass that on to their kids.
- 6:47Speaker 2: Maybe you trust for a preferred professional, a financial, any
- 6:52Speaker 2: type of professional, a doctor, it could be anything, and
- 6:56Speaker 2: they steered you the wrong way, or else you felt
- 6:58Speaker 2: like they gave you bad advice. Maybe you were taught
- 7:01Speaker 2: that someone else was supposed to know much more than
- 7:03Speaker 2: you and they're supposed to handle everything, and then you're
- 7:06Speaker 2: not included in these decisions and in these conversations, and
- 7:09Speaker 2: then things go awry, so then you do not feel trust.
- 7:13Speaker 2: Maybe you just didn't understand investments, You didn't understand getting
- 7:16Speaker 2: into this relationship. You didn't really know this person. There's
- 7:18Speaker 2: so many ways that this shows up, but I know
- 7:21Speaker 2: it's weird. I'm talking about trust as they money wound,
- 7:24Speaker 2: and it can show up in the beginning as many
- 7:27Speaker 2: other things, but it does flow over to your financial
- 7:31Speaker 2: world and your relationship with money. Maybe you've signed up
- 7:35Speaker 2: because things because someone actually told you to and you
- 7:39Speaker 2: didn't even want to, and then one day, all of
- 7:41Speaker 2: a sudden, you have to make the decisions. It can
- 7:44Speaker 2: be terrifying, especially when you've spent many years thinking someone
- 7:48Speaker 2: else did it for you, are knew better than you,
- 7:51Speaker 2: and now you start blaming yourself. I should have known,
- 7:54Speaker 2: I should have, educated, should have, would have, could have.
- 7:56Speaker 2: I hear this every single day. I should know. I
- 7:59Speaker 2: just met another lady. My husband handles everything. I don't
- 8:02Speaker 2: know anything. You gotta knows some stuff, like ninety percent
- 8:07Speaker 2: of women, well in this country and this in their generation,
- 8:11Speaker 2: in their lifetime, will handle their money. Ninety percent of
- 8:15Speaker 2: women will handle their money alone. So when we are
- 8:18Speaker 2: giving everything over to our spouses and our financial advisors
- 8:22Speaker 2: and maybe our families, wealthy families, you know, they have
- 8:26Speaker 2: parents and their people take care of everything, and they
- 8:29Speaker 2: don't know what's happening. I promise you. Ninety percent of
- 8:32Speaker 2: women have to handle their money in one in their lifetime.
- 8:35Speaker 2: So you still need to learn. You still need to know.
- 8:38Speaker 2: Feeling that you betrayed yourself, Maybe you knew something wasn't
- 8:42Speaker 2: right and you still did not act. Maybe you're blaming
- 8:45Speaker 2: yourself or not asking more questions, or maybe God out
- 8:47Speaker 2: of a relationship sooner, or maybe I should have paid
- 8:50Speaker 2: attention more, missed instead of missing the red flags. All
- 8:54Speaker 2: of these words could haunt us. Should have, would have,
- 8:56Speaker 2: could it right? So we're not judging you at all
- 9:00Speaker 2: right now, this is just the information that we have now.
- 9:04Speaker 2: So when we know better, we can do better, right,
- 9:07Speaker 2: and of course things look clearer in hindsight. Talk about parenting. Right,
- 9:11Speaker 2: we can always look back at, oh, maybe I should
- 9:13Speaker 2: do that, Maybe I should do that, Like we could
- 9:16Speaker 2: always do that, But that's not how the story ends, right.
- 9:19Speaker 2: So we want to look at where we're going. We
- 9:23Speaker 2: want to make the decisions with knowledge and circumstances and
- 9:27Speaker 2: emotions and resources that we have at the moment. So
- 9:31Speaker 2: if you've never forgiven yourself, you may risk in the
- 9:35Speaker 2: rest of your life trying to. So you got to
- 9:37Speaker 2: let that go. It's an impossible standard not to make mistakes.
- 9:41Speaker 2: We all make mistakes, and fear of getting it wrong
- 9:44Speaker 2: will stop you in your tracks. We got to get
- 9:47Speaker 2: rid of that fear. We're all going to make mistakes, always,
- 9:50Speaker 2: every day, all the time. It's okay. We got to
- 9:52Speaker 2: love ourselves through it. Here's what happens if you don't
- 9:55Speaker 2: trust yourself. Every decision begins bigger than what it is.
- 9:58Speaker 2: Should I should I go? Should I retire? Should I work?
- 10:02Speaker 2: Should I help my child or not? Do I take
- 10:04Speaker 2: Social Security? Do I spend money? What if I'm wrong?
- 10:07Speaker 2: What if I regret it? What if something happens Oh
- 10:09Speaker 2: my gosh, what if I gets it? What water? What right?
- 10:13Speaker 2: This could go on and on and on and on.
- 10:15Speaker 2: There's no question, there's no answer. There's no circumstance that's
- 10:21Speaker 2: going to guarantee you that you're going to make the
- 10:24Speaker 2: right decision every time. Nothing is going to guarantee you
- 10:27Speaker 2: that every investment is going to work. Nothing is going
- 10:30Speaker 2: to guarantee you that every relationship is going to work.
- 10:33Speaker 2: Nothing is going to tell you and guarantee you that
- 10:35Speaker 2: every house was going to be a good investment, or
- 10:37Speaker 2: every car is a good idea, or every business opportunity
- 10:41Speaker 2: is a good investment. Nothing is ever going to guarantee
- 10:45Speaker 2: you that you're never going to lose money again. Trust
- 10:47Speaker 2: isn't believing everything will work out exactly the way you planned.
- 10:51Speaker 2: Trust is believing that if it doesn't, you're going to
- 10:54Speaker 2: be okay. Let me retreat that. Trust is believing that
- 10:59Speaker 2: if what you have planned doesn't work out, you are
- 11:04Speaker 2: still going to be okay. That is huge. So why
- 11:08Speaker 2: women sometimes give away their financial power. Let's talk about
- 11:12Speaker 2: this for a minute. Sometimes we say the tess we're
- 11:15Speaker 2: doing it without even realizing it. My husband handles that
- 11:17Speaker 2: my business partner handles that. My advisor takes care of everything,
- 11:20Speaker 2: my accountant knows everything, my son helps me with it. Oh,
- 11:23Speaker 2: I just had this. I have a son that has
- 11:25Speaker 2: been working with his parents for a while, and so
- 11:27Speaker 2: now they're pulling out and they're going to go with
- 11:31Speaker 2: their son, which is great. I love family involved and
- 11:34Speaker 2: I absolutely do love that. However, they're doing it out
- 11:37Speaker 2: of fear, which I want you to all do it
- 11:40Speaker 2: out of choices and financial decisions, not being out of fear.
- 11:44Speaker 2: So that makes me a little nervous. So when you
- 11:47Speaker 2: have people helping you, I love, love, love it. I
- 11:49Speaker 2: love to talk to beneficiaries. I love to talk to family.
- 11:52Speaker 2: It's wonderful. But when it's being replacing your voice, that's
- 11:57Speaker 2: when it gets scary. You don't have to know everything,
- 12:00Speaker 2: and you don't have to understand every financial term. You
- 12:01Speaker 2: don't have to know anything about this person that you
- 12:03Speaker 2: just meant and that you want a date. You don't
- 12:05Speaker 2: have to know absolutely everything, but you should understand enough
- 12:09Speaker 2: either about your own financial life or about the person
- 12:11Speaker 2: to know that you want to take the next step.
- 12:14Speaker 2: And I don't understand that. It is a very easy question.
- 12:17Speaker 2: I didn't understand that about you I didn't understand about that.
- 12:21Speaker 2: Can you please plain it to me? Explain it? And
- 12:23Speaker 2: Lucy's play it like that's okay, okay, Yeah, I love
- 12:26Speaker 2: Lucy just saying it's not embarrassing. It's actually a powerful
- 12:30Speaker 2: statement because you're trusting yourself, meaning that you do not
- 12:34Speaker 2: know all the answers. The more we learn, the more
- 12:37Speaker 2: we learn that we don't know anything because there's so
- 12:40Speaker 2: much more to learn. Right, So here's a big one.
- 12:44Speaker 2: Trust after a betrayal. Oh it's so hard. Now, what
- 12:48Speaker 2: if someone really did portray you emotionally or financially. Maybe
- 12:53Speaker 2: there is a huge hidden debt when you are figuring
- 12:57Speaker 2: it out, or maybe someone completely betrayed your acts and
- 13:01Speaker 2: cheated on you. Maybe even there's secret spending. Maybe there's infidelity,
- 13:05Speaker 2: a business partner who wasn't honest. It could be a
- 13:07Speaker 2: million things. Right, you desperately want to someone else to
- 13:13Speaker 2: take over because you were so terrified at getting it
- 13:15Speaker 2: wrong again. I totally understand that. Or maybe you're just
- 13:19Speaker 2: not going to make any decisions whatsoever. I completely understand
- 13:22Speaker 2: and I understand both extremes. You're trying to just get
- 13:25Speaker 2: peaced in your life. And if you say these words,
- 13:29Speaker 2: I'll never trust anyone again. No one can make a
- 13:31Speaker 2: final decision for me ever. Again. These things are great,
- 13:35Speaker 2: but we want to do it out of knowledge, not
- 13:37Speaker 2: out of fear. The healthier place is I can listen
- 13:40Speaker 2: to advice, I can ask questions, I can gather information,
- 13:44Speaker 2: and still I can recognize that this might be a
- 13:47Speaker 2: good thing for my life. Or I can voice my decision.
- 13:50Speaker 2: Doesn't that sound so much better? I love that you
- 13:54Speaker 2: are allowed to change your mind, y'all. We're never stuck.
- 13:58Speaker 2: There's something else I wish more women gave themselves permission
- 14:02Speaker 2: to do. Change your mind. It's okay. You are allowed.
- 14:06Speaker 2: Changing your mind does not automatically mean that the first
- 14:08Speaker 2: decision was wrong. So let's say you either got in
- 14:11Speaker 2: a relationship, bought a car, a job, an investment, stock, whatever,
- 14:15Speaker 2: and then circumstances change, and if you stay in that situation,
- 14:19Speaker 2: you're choosing it again. Sometimes we need to say I'm
- 14:23Speaker 2: not choosing it again. So I'm going to change my mind.
- 14:27Speaker 2: And you can choose one path today and decide two
- 14:30Speaker 2: years from now is another path tomorrow? You can change
- 14:33Speaker 2: your mind. It is okay. It does not mean failure
- 14:37Speaker 2: any means. This is human, and it's actually an intellectual
- 14:42Speaker 2: human because that means you have more knowledge today than
- 14:45Speaker 2: you did yesterday, which we all should, right. We put
- 14:49Speaker 2: so much pressure on ourselves to make the perfect financial decision,
- 14:53Speaker 2: or the perfect relationship decision, or the perfect business decision.
- 14:59Speaker 2: Guess what does not exist any perfectionist recovering perfectionists out there.
- 15:03Speaker 2: I'm with you. I'm with you, like it just does
- 15:07Speaker 2: not happen. Financial plan isn't about predicting your entire life correctly.
- 15:12Speaker 2: It's more about the best decision you can make today
- 15:15Speaker 2: and adest in your life when it changes. Same thing
- 15:17Speaker 2: with the relationship. Making that perfect decision today that this
- 15:21Speaker 2: person is going to be my life forever. It's almost crazy, right,
- 15:25Speaker 2: I mean, I know we signed up forever, but we're
- 15:27Speaker 2: going to be different people a year from now, two years.
- 15:30Speaker 2: You know. I just talked to a girl who wants
- 15:31Speaker 2: to go through a divorce and she says, does they
- 15:34Speaker 2: get easier? And I'm like, well, you're going to be
- 15:36Speaker 2: a completely different person in a year from now than
- 15:37Speaker 2: you are today. They never believe me until a year
- 15:39Speaker 2: from now. Same with griefs. I've lost someone and I've
- 15:43Speaker 2: helped them through that part. I'm like, Okay, you're going
- 15:46Speaker 2: to be a completely different person in the year from now.
- 15:48Speaker 2: It changes, It does not stay the same. That's thank
- 15:52Speaker 2: you for my dad. Nothing is more certain in life
- 15:54Speaker 2: than change. I promise you It changes every day, good,
- 15:58Speaker 2: bad and indifferent. It changes. So if you're feeling I'm
- 16:03Speaker 2: terrible with money, we can change this. Now we're going
- 16:06Speaker 2: to say, show me the facts. Do you pay your
- 16:09Speaker 2: bills on time? Have you built a career, did you
- 16:12Speaker 2: raise a family, did you survive a divorce? Did you
- 16:14Speaker 2: rebuilt after loss? Have you saved money? Did you make
- 16:17Speaker 2: any good financial decisions? If not, do you ask for
- 16:21Speaker 2: help when you need it? Do you get educated when
- 16:24Speaker 2: you need it? Or are you sitting there just listening
- 16:27Speaker 2: to podcasts becoming healthy with money? Yes, you are, because
- 16:30Speaker 2: you're listening to Rockline Finances. So put that in the
- 16:33Speaker 2: wind column, y'all. Rebuilding decision, rebuilding trust, one decision at
- 16:39Speaker 2: a time. That is how we do it. We don't
- 16:41Speaker 2: wake up tomorrow and suddenly feel one hundred percent confident
- 16:44Speaker 2: and we're just amazing and all that. We actually rebuild
- 16:47Speaker 2: it by being in action, through evidence of you making
- 16:51Speaker 2: small decisions. Okay, you're gonna laugh. Make your bed, make
- 16:55Speaker 2: your bed when you get up in the morning, and
- 16:56Speaker 2: drink enough water that day, a lot of water. It's
- 16:59Speaker 2: way more than you think. So there, that's trusting yourself
- 17:03Speaker 2: to make good decisions, pay attention to what happens, learn
- 17:07Speaker 2: from it, and then make another decision, and then another decision.
- 17:11Speaker 2: Some will be great, some will be okay, some will
- 17:14Speaker 2: be bad, doesn't matter. Every time, remind yourself I can
- 17:18Speaker 2: deal with the outcome. This is how confidence grows. It's
- 17:23Speaker 2: not from never making mistakes. We make mistakes all the time.
- 17:26Speaker 2: It's from surviving them and learning from them. Just cooking.
- 17:31Speaker 2: I've been cooking a lot lately. I make mistakes all
- 17:34Speaker 2: the time. It's like, oh that did true, how as
- 17:35Speaker 2: good as I liked it? Too? Okay, I've been making
- 17:37Speaker 2: chicken and dumplings. I tried to make gluten free dumplings,
- 17:40Speaker 2: egg dumplings, Bisquick dumplings, gluten free just bis Quick dumplings.
- 17:45Speaker 2: I mean, like all these dumplings, what day I wanted
- 17:46Speaker 2: to adducting taste off right, Some are good, some were
- 17:49Speaker 2: not so good. So it was all just education, just information,
- 17:53Speaker 2: that's all we're doing. Realizing that you are far more
- 17:57Speaker 2: capable than you think you are, Shoe. We are so
- 18:02Speaker 2: much more intelligent. And when we realize we have enough
- 18:05Speaker 2: information and we can make a decision and feel it
- 18:08Speaker 2: in our body and know that that's a feeling and
- 18:11Speaker 2: that we're going to make a decision to feel confident,
- 18:14Speaker 2: just lend you to so much more confidence. It's great.
- 18:17Speaker 2: So this week your homework is thinking about the financial
- 18:21Speaker 2: decisions that you've made that you're going to make. Look
- 18:25Speaker 2: at the past some of the things that you've already
- 18:27Speaker 2: made that you haven't forgiven yourself about. I have one
- 18:30Speaker 2: that I talk about all the time. I accidentally let
- 18:34Speaker 2: an employee I signed on the wrong side of my
- 18:38Speaker 2: pink slip, and I ended up giving a car instead
- 18:40Speaker 2: of signing as the loan person. And they literally drove
- 18:43Speaker 2: across a couple of towns over and sold it, walked
- 18:46Speaker 2: away with ten grand never got it. Sued them, they
- 18:48Speaker 2: followed bankruptcy, never got it. So yeah, I had to
- 18:51Speaker 2: forgive myself. That took me about three months to really
- 18:54Speaker 2: really be actively forgiving myself for that. I was still
- 18:56Speaker 2: mad at myself. Right now, what happened? Ask yourself these
- 18:59Speaker 2: three questions? What did I know at the time. What
- 19:02Speaker 2: did I know at the time? Why didn't I know?
- 19:06Speaker 2: Or I'm sorry? What didn't I know yet? Like I
- 19:08Speaker 2: didn't know she was pun on moving. I didn't know
- 19:10Speaker 2: she was a shyster. She was a Christian, she was
- 19:12Speaker 2: a Christian band. She went to the biggest churches in
- 19:14Speaker 2: our town. Why would I think that she would ever
- 19:16Speaker 2: betray me? Right? So, what didn't I know yet? I
- 19:19Speaker 2: didn't know that they were in huge financial trouble that
- 19:22Speaker 2: I didn't know. What was the feeling I made about
- 19:25Speaker 2: that decision? Oh, so many feelings. I'm stupid. I can't
- 19:29Speaker 2: make decisions. I trust too much, I give too freely.
- 19:33Speaker 2: I'm so embarrassed here. I am supposed to be this
- 19:36Speaker 2: intelligent woman and I went, and you know, I just
- 19:38Speaker 2: felt so bad. So I was trying to feel safe,
- 19:41Speaker 2: love accepted, secure, or in control? Was I trying to
- 19:44Speaker 2: feel safe, love, accepted, secure, in control? I was trying
- 19:47Speaker 2: to feel in control because I was trying to give
- 19:50Speaker 2: her this, you know, my car and take the loan
- 19:54Speaker 2: out for us. I was helping someone else. But I
- 19:57Speaker 2: was just trying to be generous and I screwed up
- 19:59Speaker 2: and I did it too fast. I was writing too fast.
- 20:02Speaker 2: I didn't I didn't take into consideration what's happening. I
- 20:05Speaker 2: never read what I was doing, so I signed on
- 20:08Speaker 2: the wrong side of the pink slip. So I was
- 20:10Speaker 2: just being in a hurry and I was trying to
- 20:12Speaker 2: be in control. So what did that experience teach me? Sign?
- 20:16Speaker 2: Read what you sign first of all. And here's a
- 20:19Speaker 2: big one for you. I've turned one financial mistake into
- 20:22Speaker 2: evidence that I can't trust myself. No, no, no, no, no,
- 20:26Speaker 2: we did not. Now I want you to write down
- 20:28Speaker 2: three financial decisions you have made well right. They don't
- 20:32Speaker 2: even have to be huge, it can be. I started saving.
- 20:35Speaker 2: I paid off a credit card, I asked for a raise.
- 20:38Speaker 2: I left a financial situation that wasn't good for me.
- 20:42Speaker 2: I started investing. I bought my home. I asked, I
- 20:45Speaker 2: asked for professional help. I asked my CPA questions all
- 20:49Speaker 2: the time, like it's just constant, said no one. I
- 20:54Speaker 2: actually said no to someone who asked me for money,
- 20:56Speaker 2: and that I did feel good about because I did
- 20:59Speaker 2: lend money before and I never got it twenty thousand rucks.
- 21:02Speaker 2: Never got that again. So then they came back to
- 21:04Speaker 2: me again and I said no, I did it the
- 21:06Speaker 2: first time, and I won't do that again. So these
- 21:10Speaker 2: good decisions count because they show us evidence that we
- 21:14Speaker 2: can trust ourselves. And then finally, ask yourself, if I
- 21:18Speaker 2: trusted myself completely, what financial decision would I stop avoiding?
- 21:23Speaker 2: And what would I make today? You don't necessarily have
- 21:26Speaker 2: to make the right decision, but just identify it. What
- 21:30Speaker 2: decision would I make today if I truly trusted myself.
- 21:33Speaker 2: So if someone has broke your trust, maybe your life
- 21:36Speaker 2: didn't turn out the way it was. Maybe you could
- 21:40Speaker 2: have changed things in the past. It's okay. I want
- 21:43Speaker 2: you to start beginning trusting yourself now. Money stops feeling
- 21:47Speaker 2: something that you fear and starts becoming something that you navigate,
- 21:51Speaker 2: actually that you love. I want you to fall in
- 21:53Speaker 2: love with your money. I want you to create a
- 21:55Speaker 2: wonderful relationship with your money. I want you to love yourself,
- 21:59Speaker 2: trust yourself, and your money world will follow. I promise you,
- 22:04Speaker 2: when you do all of these things and you heal
- 22:05Speaker 2: these seven wounds, you are going to be able to
- 22:08Speaker 2: walk away every time. For my podcast, I want you
- 22:11Speaker 2: all to be able to say I rock my finances.
- 22:15Speaker 3: We appreciate you joining us today, and don't forget to
- 22:18Speaker 3: subscribe to the rock my Finances YouTube channel for more
- 22:22Speaker 3: engagement and bonus content. Tell me, what is your money story?
- 22:26Speaker 3: Let's find out with Jennifer right here on K four
- 22:29Speaker 3: HD Radio and Talk for TV. It's not about the zero,
- 22:33Speaker 3: It's about the F word. Feelings, feelings Jennifer can't wait
- 22:38Speaker 3: to explore with you next week. Until then, let's all
- 22:41Speaker 3: say I rock my Finances.