Is Wanting Money A Bad Thing? | The Desire For wealth &amp; Why We Should NOT Feel Guilty About It!

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Recent Episodes from Mind Money Soul

080 - MILLIONAIRE SECRETS | 6 Tips To Become Wealthy [PART 1 - Spend Wisely]

In this episode of the Mind Money Soul podcast, I’m going to be sharing how to reach financial freedom by spending wisely.

Welcome to the start of a 6 part series on how to become wealthy. I’m going to be spilling the secrets of millionaires and sharing the top 6 things they are doing to successfully manage and grow their money. Although the term millionaire is used frequently during this episode, being wealthy doesn’t necessarily mean you need to reach the status of a millionaire. At it’s core, being wealthy is about living the life that you want by having the 3 things money can give you: freedom, choice and independence.

The first thing that millionaires do to become and stay wealthy is spend wisely. We all get taught how to spend our money, but do you know how to spend wisely? Tune in to today’s episode to learn the key difference, because adding this extra step will transform your mindset and relationship with money. If you want to learn how to spend with intention so that you can live in the moment whilst also supporting your future self, start here.

In this episode:

The difference between spending and spending wisely
How to be intentional by having a spending plan and budgets
How instant gratification can derail your future goals
How to live manage and grow your money to reach financial freedom
The importance of having an intentional fun fund
Why millionaires don’t always look like millionaires

Resources

Download the ULTIMATE annual money planner

Connect with me on Instagram, on LinkedIn or on TikTok

Send me an Email

Get a copy of my FREE Monthly Spending Planner Template

Get a copy of my FREE Money Date Template

Use the free compound interest calculator

enMarch 06, 2024

The Money Hotline | How Much Should I Be Investing?

In this episode of the Mind Money Soul podcast, I’m going to be answering the common question of “how much should I be investing?”

Technically this is a trick question, because when the word ‘should’ is involved it requires us to look closer. When it comes to investing, there is no right or wrong way and it’s going to look different for everyone. Personal finance is exactly that, it’s personal.

There are 3 main things to consider when it comes to investing, including affordability, your long term plans and how to increase your investment pot. The short answer is - it’s not a case of how much ‘should’ you invest, it’s really about how much you would ‘like’ to invest. What is your why behind investing? What is driving you towards investing? What is your big happy goal? Sitting with these questions and reverse engineering your goals will be a huge support on your investing journey.

In this episode:

How to calculate how much you can afford to invest
How to be realistic and minimise risk when you invest
Why long term goals will drive your investment choices
How to make the most of compound interest
How to bring in more money to invest
How to get your money to work for you

Resources

Download the ULTIMATE annual money planner

Connect with me on Instagram, on LinkedIn or on TikTok

Send me an Email

Get a copy of my FREE Monthly Spending Planner Template

Get a copy of my FREE Money Date Template

Use the free compound interest calculator

enFebruary 28, 2024

3 Ways To Manage Your Money Better

In this episode of the Mind Money Soul podcast, I’m going to be sharing my 3 top tips on how to manage your money better.

It’s the most simple and straightforward thing but it’s something that so many of us struggle with. In fact, I’d make a confident assumption that everyone listening to this episode could be better at managing their money. Money management isn’t complicated or difficult, it’s simply deciding where you want your money to go. Most people fall down because they either don’t know where their money is going or they assume it will sort itself out.

Mastering the art of money management can be achieved by small actions such as setting up a separate spending account, creating a spending plan and working on your money mindset. Managing your money will give you power and control over your finances, allowing you to no longer live pay check to pay check and to save towards your big happy goals.

In this episode:

Why you should have a separate spending account
How to create a saving, spending and investing plan
Why you should always pay yourself first
How to understand your emotional triggers and money beliefs
How to practise mindful spending through visualisation

Resources

Download the ULTIMATE annual money planner

Connect with me on Instagram, on LinkedIn or on TikTok

Send me an Email

Get a copy of my FREE Monthly Spending Planner Template

Get a copy of my FREE Money Date Template

enFebruary 21, 2024

Should I Quit My Job To Run My Business Full Time?

In this episode of the Mind Money Soul podcast, I’m going to be sharing 4 things to consider when you’re debating whether to quit your job to run your business full time.

I get asked this question often and it’s something I’m able to advise on from a financial expert perspective and also on a personal level, as I quit my long-term job fulfil my souls calling and pursue my career. In today’s episode I share my story, how I built Mind Money Soul as a side hustle and how I successfully turned my passion into a full time business. It’s not as simple as waking up one day and deciding you want to quit your job. There are important elements to consider if you’re serious about creating a profitable, sustainable business.

There’s a narrative that 9-5’s suck and being a business owner is elite, but sometimes the grass isn’t always greener. As an employee, the benefits can be very attractive - a workplace pension, the security of a salary, work perks, the support and companionship of having colleagues. That said, the freedom that comes with being self-employed is incomparable. It’s important to remember that not everyone is cut out to be an entrepreneur, business owner, founder or freelancer and often you won’t know until you try - maybe you’ll love it more than you ever imaged or maybe you’ll realise it’s not for you. The key thing is to ensure you’re going into this process mentally and financially prepared.

In this episode:

How I created my business as a side hustle
4 things to consider before you quit your full time job
How to feel supported by your emergency fund
How to project your income and expenses
How to identify if your business is sustainable
The importance of mindset work and mental preparation
How to successfully turn a passion into a business

Resources

Download the ULTIMATE annual money planner

Connect with me on Instagram, on LinkedIn or on TikTok

Send me an Email

Get a copy of my FREE Monthly Spending Planner Template

Get a copy of my FREE Money Date Template

enFebruary 14, 2024

Do Not Fall Into This Financial Trap | How To Avoid Lifestyle Creep

In this episode of the Mind Money Soul podcast, I’m going to be sharing how to avoid a lifestyle creep.

Lifestyle creep is when an individuals standards of living improves as their discretionary income rises and former luxuries become new necessities. The rise in discretionary income can happen either through an increase of income or in a decrease in costs. Essentially this means you have more ‘fun’ money to play with (things that aren’t going towards bills or debt) but instead of keeping the same lifestyle or investing/ saving your extra money, you choose to inflate your lifestyle to meet your pay check.

Why is this a financial trap? It can totally derail your future plans (including retirement plans or clearing your debt) and prevent you from reaching your big happy goals. The dangerous thing is that it can start really small. You might choose the most expensive thing on the menu, or grab an Uber more than you choose to walk. All of these little purchases that you deem ‘necessities’ will become an integral part of your life. The issue isn’t with living a boujee lifestyle, it’s the fact that you're not putting a financial buffer in place and you’re not going to feel the financial effects of this increase of money. The key lesson is: having more money allows you to get closer to your big happy goal but you have to be intentional with that money.

In this episode:

Understanding the term ‘lifestyle creep’
Why lifestyle creep is a financial trap
How lifestyle creep starts small and filters up
How to build wealth by saving and investing
Why you need to have a financial buffer
What wealthy people do to protect and grow their money
3 tips on how to avoid lifestyle creep
The importance of being intentional with your money
The benefit of automating your finances
Why you should set long term exciting goals

Resources

Download the ULTIMATE annual money planner

Connect with me on Instagram, on LinkedIn or on TikTok

Send me an Email

Get a copy of my FREE Monthly Spending Planner Template

Get a copy of my FREE Money Date Template

enFebruary 07, 2024

Financial 'Ins' & 'Outs' For 2024

In this episode of the Mind Money Soul podcast, I’m going to be reviving a trend and sharing my financial ins and outs of 2024.

I’m kicking the episode off with positivity and inspiration by diving straight into my top 8 ‘ins’. My list is a real mix, from money dates and investing, to capsule wardrobes and Vinted. The word for 2024 is INTENTION. Are you spending and saving mindfully? Second hand marketplaces like Vinted are an amazing way to practise mindfulness by supporting sustainability, not spending an insane amount of money on fast fashion, and being intentional with your purchases.

I’ll also be sharing my top 6 ‘outs’ including buying things out of habit or impulse. If you can relate to this, the trick is to focus on the root problem, not the consequence. Emotional buying is a by-product of how you’re feeling about yourself, money and life. When you focus on the root cause, you’ll notice that the emotional spending will reduce and over time, stop. Again, it’s all about intention.

In this episode:

Why you should date your money
How to identify is you’re spending in alignment
How to set personal financial goals that excite you
Mantra: there is more than enough to go around
The benefit of using a credit card to pay for flights
How to track your spending with ease
Why 2024 is the year you learn to invest
How to create a capsule wardrobe
Stop spending money on people you don’t like
How to stop avoiding your bank account
How to take control of your finances
Why you don’t need unnecessary consumption to feel whole
How to change your relationship with Apple Pay

Resources

Download the ULTIMATE annual money planner

Connect with me on Instagram, on LinkedIn or on TikTok

Send me an Email

Get a copy of my FREE Monthly Spending Planner Template

Get a copy of my FREE Money Date Template

enJanuary 31, 2024

Money Dates | The Best Tool For Taking Control Of Your Money

In this episode of the Mind Money Soul podcast, I’m going to be sharing why money dates are the ultimate tool for taking control of your money.

A money date is the practise of regularly sitting down 1 on 1 with your money, spending time with it and going through all the information to analyse the past week or month, plan ahead for the following month and reflect on your relationship with money. This data will move you to the financial drivers seat, so that your money is no longer the one in control. Like I always say, data is knowledge, and knowledge is power.

You have to treat your money like you would treat a partner in a healthy, loving relationship. If you’re not going on date nights, spending quality time together or connecting as a couple, you're not going to understand each other and the relationship will break down. It’s exactly the same with money. You need to date your money in order to show your money that you care, respect, love and are interested in it. Going on regular money dates will allow you to feel good about money, build wealth, explore your relationship with money, move closer to your big happy life goals, build financial resilience and improve your confidence.

In this episode:

What are money dates?
Why money dates are so important
Why you should be having a money date monthly
Step by step guide on how to conduct a money date
How to analyse what financially happened last month
Ways to manage your money and plan ahead for the month
Journal prompts to improve your relationship with money

Resources

Download the ULTIMATE annual money planner

Connect with me on Instagram, on LinkedIn or on TikTok

Send me an Email

Get a copy of my FREE Monthly Spending Planner Template

Get a copy of my FREE Money Date Template

enJanuary 24, 2024

3 Financial Goals You Need For 2024 & How To Achieve Them

In this episode of the Mind Money Soul podcast, I’m going to be sharing the 3 financial goals you NEED for 2024 and how to actually achieve them.

2024 in Numerology is an '8' year full of success, achievements and abundance, which is why when you think about your 2024 goals, it’s even more important to have a section focused on finances. Breaking your goals down into categories will allow you to be intentional with your life goals, which many believe is the key for success.

Remember, we are all in control of our own destiny. We owe it to ourselves to put time and thought into carving out the direction of our year in order to create the life of dreams. This comes with intentionality, mindfulness and planning. So, take note as I share the steps and processes to achieving your financial goals.

In this episode:

The importance of building an abundance mindset
New level, new devil: how to work through mindset blocks
Journal prompts to identify your biggest financial challenge
6 methods to change your money mindset
The best way to create your emergency fund
The perks of using a spending planner
How to invest and build wealth in 2024

Resources

Download the ULTIMATE annual money planner

Connect with me on Instagram, on LinkedIn or on TikTok

Send me an Email

Get a copy of my FREE Monthly Spending Planner Template

Get a copy of my FREE Money Date Template

enJanuary 17, 2024

Top 5 Mindset Shifts To Clear Your Christmas Debt & Become Debt-Free In 2024

In this episode of the Mind Money Soul podcast, I’m going to be sharing my top 5 mindset shifts to clear your Christmas debt so that you can become debt free in 2024.

Sometimes Christmas can take you by surprise and you spend more than you think. Perhaps you went over budget, ran wild in the Boxing Day sales, spent money to deal with your emotions, or splashed out because ‘fuck it, it’s Christmas!’ You won’t be alone here.

If you’ve hit January in sheer panic and you’re counting down until your next pay check, I’ve got you! This episode is going to touch on the different attitudes and mindsets towards clearing your Christmas debt and how to think about debt moving forwards in order to make 2024 your best financial year yet.

In this episode:

Why honesty is the best policy when it comes to debt
How to own and deal with your debt on an emotional level
Why clearing debt is a form of self care
How to discover your joy by spending less money
Power move: the art of delayed gratification
Why clearing debt isn’t easy, but is SO worth it

Resources

Connect with me on Instagram, on LinkedIn or on TikTok

Send me an Email

Get a copy of my FREE Monthly Spending Planner Template

Get a copy of my FREE Money Date Template