The Emotional Side Of Money

Welcome back to the Savvy Mumma podcast, starting a money conversation relevant for Mums who are busy juggling life, careers and households. 

Buying a property is one of the biggest financial commitments you will make in your lifetime, so buying quality property at a good price is essential.  So how do you know what the right property is?  And where can things go wrong?

Carly Susic from Select Property Advocates joins me today to discuss all this and so much more!  She shares her wealth of knowledge and experience about what the key ingredients are for making a successful property purchase, whether it be your home or an investment property.   

And yes – you heard it right, this is the last episode in Series 1 of the Savvy Mumma podcast.  But don’t despair, we are already busy working on Series 2 and can’t wait to be back with you soon.  Be sure to subscribe to the show and follow along on our social media to stay in the loop. 

CREDITS

Host: Renae Vercoe

Producer: Rachael Hart

CONTACT US

Website: https://moneymode.com.au/savvy-mumma/

Savvy Mumma Facebook Group: Join us 

Instagram: https://www.instagram.com/moneymode_/

THIS WEEK'S GUEST:

Carly Susic is a highly experienced buyer and vendor advocate and Licensed Real Estate Agent with over 20 years of industry experience helping individuals, families and investors both and sell property.

Carly comes from a long line of passionate and successful real estate agents (3 generations, in fact) and has seen and heard it all!  After being regularly sought to share her market insights, property knowledge and expertise and tired of seeing people making poor property decisions (often from a place of emotion – fear or fatigue) – Carly founded Select Property Advocates to empower people to make the right property decisions and provide independent support and advice to help both buyers and sellers navigate the property market.

https://selectpropertyadvocates.com.au/

You should know:

Savvy Mumma exists purely for educational purposes and the discussions we share are general in nature and do not consider your personal objectives, financial situation or needs. Therefore before acting on this information, consider its appropriateness and seek independent financial advice before committing to any personal investment.  Money Mode Advice Pty Ltd (ABN 29 627 492 791) is a corporate authorised representative, and Renae Vercoe is an authorised representative, of First Financial Pty Ltd (AFSL 481098, ABN 15 167 177 817).

See omnystudio.com/listener for privacy information.

Welcome to the Savvy Mumma podcast, starting a money conversation relevant for Mums who are busy juggling life, careers and households. 

Our relationship with ‘Money’ and 'Money in our Relationships, it’s a big beast.  It plays out in so many ways with so many complexities.   

If you've ever argued about money in your relationship, I'm pretty confident that if you peeled back enough layers you would find that the arguments are not actually about the money at all. They are about something deeper – your values, your beliefs, your hopes, dreams and your fears.

In this ‘Money Talk’ I share with you how to uncover your personal money story (because this is who we are and what we know about money),  how to tackle the money conversation with your partner in a meaningful way and how to pave your own money story going forward and have a new lens on money in your relationship (which will be the key to getting you from where you are to where you want to be).

CREDITS

Host: Renae Vercoe

Producer: Rachael Hart

CONTACT US

Website: https://moneymode.com.au/savvy-mumma/

Savvy Mumma Facebook Group: Join us 

LINKS MENTIONED IN THIS WEEKS SHOW:

Read my top tips for tackling the money topic in new relationship: https://moneymode.com.au/money-and-relationships/

Enrolments for Money Mode's Kickstart course (the final one for 2020) are open and the course commences on 19th October: https://moneymode.com.au/kickstart/

See omnystudio.com/listener for privacy information.

Welcome back to the Savvy Mumma podcast, starting a money conversation relevant for Mums who are busy juggling life, careers and households. 

Our relationship with money is often complex and to have a great relationship with it and a sense of success with it, we need to focus on more than just the practical side of managing it.    

There are psychological and behavioural drivers that play a huge role in our overall financial wellbeing and they have very close links to our mental health, our sense of self-worth and our deep-seeded money story.

We cover some big themes in this episode and explore why knowing something and doing something are worlds apart, how to put the brakes on self-sabotage, why we fall into traps such as ‘retail therapy’, how to tame our inner critic and very importantly how to adopt good habits that stick.

CREDITS

Host: Renae Vercoe

Producer: Rachael Hart

CONTACT US

Website: https://moneymode.com.au/savvy-mumma/

Savvy Mumma Facebook Group: Join us 

THIS WEEK'S GUEST:

Jane Monica-Jones

Jane Monica-Jones is Australia's leading Financial Therapist. She is a pioneer in the study of the psychological and behavioural management issues of us and money. Through her work Jane supports and repairs many of the maladaptive practice we have with finances, such as being unable to save or budget, gambling, overt financial risk, retail therapy, overspending and underearning.

https://www.janemonicajones.com/

In 2019 she released her latest book The Billionaire Buddha, which is a step-by-step guide to profoundly understanding our unique relationship with money.   

Book link: https://www.amazon.com/Billionaire-Buddha-Jane-Monica-Jones-dp-1719276722/dp/1719276722

You should know:

Savvy Mumma exists purely for educational purposes and the discussions we share are general in nature and do not consider your personal objectives, financial situation or needs. Therefore before acting on this information, consider its appropriateness and seek independent financial advice before committing to any personal investment.  Money Mode Advice Pty Ltd (ABN 29 627 492 791) is a corporate authorised representative, and Renae Vercoe is an authorised representative, of First Financial Pty Ltd (AFSL 481098, ABN 15 167 177 817).

See omnystudio.com/listener for privacy information.

Welcome back to the Savvy Mumma podcast, starting a money conversation relevant for Mums who are busy juggling life, careers and households. 

We so often talk about what we should do with our money once we've got it, but we also need to pay some attention to the inputs of our financial situation.  And for most of us that is derived via our careers (our income!!).  We spend a big chunk of our lives working to support ourselves and our lifestyles, so we should be putting our best foot forward to get paid our worth!

Em Pescott from Promotable You joins me in this episode and shares all her wisdom on ditching those limiting beliefs that are holding you back; we talk navigating maternity leave, redundancies, finding balance, career transitions, how to gain clarity and confidence and the importance of articulating your value to get that payrise!

CREDITS

Host: Renae Vercoe

Producer: Rachael Hart

CONTACT US

Website: https://moneymode.com.au/savvy-mumma/

Savvy Mumma Facebook Group: Join us 

THIS WEEK'S GUEST:

Em Pescott

Em Pescott is the founder and director of Promotable You, which offers career advancement programs and coaching to individuals.  Em specialises in helping professionals who feel held back or lack the confidence and skills to make a change, to catapult their career forward, be promoted, secure a significant pay rise and get flexibility in their life.

www.promotableyou.com.au

You should know:

Savvy Mumma exists purely for educational purposes and the discussions we share are general in nature and do not consider your personal objectives, financial situation or needs. Therefore before acting on this information, consider its appropriateness and seek independent financial advice before committing to any personal investment.  Money Mode Advice Pty Ltd (ABN 29 627 492 791) is a corporate authorised representative, and Renae Vercoe is an authorised representative, of First Financial Pty Ltd (AFSL 481098, ABN 15 167 177 817).

See omnystudio.com/listener for privacy information.

Welcome back to the Savvy Mumma podcast, starting a money conversation relevant for Mums who are busy juggling life, careers and households. 

There are some frightening statistics floating around about the health of our super – did you know that on average women retire with almost half the superannuation balance of men?

It’s staggering but doesn’t take long to realise why.  We get paid less, it's common that we are out the workforce to play a parenting or caregiving role and many of us work part-time.  We are simply not participating in the compulsory super environment at the same rate as men, so we are missing out!

Pauline Taylor joins me for this very important conversation and shares her insights, wisdom and tips for closing the gap.  Pauline is one of the most passionate advocates for women’s financial literacy and wants women to see that being ‘super smart’ is their pathway to financial freedom.

CREDITS

Host: Renae Vercoe

Producer: Rachael Hart

CONTACT US

Website: https://moneymode.com.au/savvy-mumma/

Savvy Mumma Facebook Group: Join us 

THIS WEEK'S GUEST:

Pauline Taylor

Pauline Taylor is a Finance and Economics Consultant whose long career has spanned the public and private sectors. Her previous work in the financial services industry included banking, stockbroking, managed funds analysis, credit ratings and business consulting; while in government she provided services and support to small businesses.  She is currently a member of the Women in Super Policy Committee and is not aligned to any financial institution.

Pauline Taylor’s book How to be a Super Smart Woman : New Strategies for Superannuation is a result of the many seminars and programs she has conducted for women in financial management and retirement planning over the past two decades.

Resources

As mentioned in the show, Pauline’s email address is: petaylor@gmx.com - you can get in touch directly to take up her book offer.

You should know:

Savvy Mumma exists purely for educational purposes and the discussions we share are general in nature and do not consider your personal objectives, financial situation or needs. Therefore before acting on this information, consider its appropriateness and seek independent financial advice before committing to any personal investment.  Money Mode Advice Pty Ltd (ABN 29 627 492 791) is a corporate authorised representative, and Renae Vercoe is an authorised representative, of First Financial Pty Ltd (AFSL 481098, ABN 15 167 177 817).

See omnystudio.com/listener for privacy information.

Welcome back to the Savvy Mumma podcast, starting a money conversation relevant for Mums who are busy juggling life, careers and households. 

This week we are tackling another very important topic, one that everyone needs to consider and given our last conversation was about estate planning, I thought we'd stick with the worst-case-planning theme.  I've invited in a friend, former colleague and senior manager at one of Australia's retail insurance companies, Rachael Harney, to join me in having the life insurance conversation, because let's face it, these tough conversations are better shared! 

We tackle why personal insurances are (very) important to consider, the different types of insurances that are available and what they do, how to know if you’ve got a policy that will pay out, and the importance of seeking the assistance of a financial adviser to help you determine the amount of cover you need and how to best structure it.

It's a complex area, so we've included a handout in the link below to break it down a little further.

Resources

An overview of all the different types of cover as mentioned in the show and further information on insurance: https://moneymode.com.au/personal-insurance-guide/

CREDITS

Host: Renae Vercoe

Producer: Rachael Hart

CONTACT US

Website: https://moneymode.com.au/savvy-mumma/

Savvy Mumma Facebook Group: Join us 

You should know:

Savvy Mumma exists purely for educational purposes and the discussions we share are general in nature and do not consider your personal objectives, financial situation or needs. Therefore before acting on this information, consider its appropriateness and seek independent financial advice before committing to any personal investment.  Money Mode Advice Pty Ltd (ABN 29 627 492 791) is a corporate authorised representative, and Renae Vercoe is an authorised representative, of First Financial Pty Ltd (AFSL 481098, ABN 15 167 177 817).

Rachael's employer is in no way affiliated with any part of this episode and she taken part of her own will to share her personal views and experience.

See omnystudio.com/listener for privacy information.

Welcome to the Savvy Mumma podcast, starting a money conversation relevant for Mums who are busy juggling life, careers and households. 

We're taking a short break from the podcast but we'll be back in your ears with some more incredible guests soon enough. 

CREDITS

Host: Renae Vercoe

Producer: Rachael Hart

CONTACT US

Website: https://moneymode.com.au/savvy-mumma/

Savvy Mumma Facebook Group: Join us 

See omnystudio.com/listener for privacy information.

Welcome to the Savvy Mumma podcast, starting a money conversation relevant for Mums who are busy juggling life, careers and households. 

This week we are tackling the extremely important topic of estate planning.  I really wanted to bring you this conversation early in the Savvy Mumma piece so you can start escalating the task on your financial to-do list. 

Death is not a topic we really like to think about or talk about. We all know that we should consider a Will or our estate planning needs, especially when we become parents, but it can be a really difficult and confronting task to complete.

Lucy Percy, from Melbourne law firm Head and Heart Estate Planning, joins me today on the podcast to discuss the elements of an estate plan and how to navigate them.   An estate plan extends beyond just creating a Will, there are not only many assets or structures that fall outside the Will, but the process also includes thinking about who and how your children are cared for and giving somebody power to make decisions in the event you are incapacitated.  

If this task has been on your to-do list, this episode is a must listen!

CREDITS

Host: Renae Vercoe

Producer: Rachael Hart

CONTACT US

Website: https://moneymode.com.au/savvy-mumma/

Savvy Mumma Facebook Group: Join us 

THIS WEEKS GUEST:

Lucy Percy

Lucy Percy is a mother of three and the Principal Lawyer at Head and Heart Estate Planning.  Lucy helps her clients navigate the very delicate topic of estate planning and guides individuals and couples on what they should consider and ultimately how to take charge of their responsibilities to provide a loving and secure future for their family or loved ones in the event of death.

Resources:

A Guide to Choosing a Guardian of your Children:  https://www.headandheartestateplanning.com.au/

An Estate Planning Guide for Separation to Divorce:  https://www.headandheartestateplanning.com.au/resources

See omnystudio.com/listener for privacy information.

Welcome to the Savvy Mumma podcast, starting a money conversation relevant for Mums who are busy juggling life, careers and households. 

Financial Advisers (me being one) talk to people commonly about how to invest their money - but how do you get money to invest in the first place?  It's by simply having money left over after spending each pay check.  Sounds simple doesn't it? 

But it's where the majority of us fall down.  We are not taught how to manage our money.  So this week I'm accepting the task of taking you back to basics and giving you my tops tips on the everyday management of your money.

And yep, we cover the very dirty B word (budget) in detail and I'm going to change your view on it.  I also answer your common questions on how to navigate a budget (and the money conversation) in your relationship, the place for credit cards and how to make a budget work with irregular income.

You got this!!!

CREDITS

Host: Renae Vercoe

Producer: Rachael Hart

CONTACT US

Website: https://moneymode.com.au/savvy-mumma/

Savvy Mumma Facebook Group: Join us 

LINKS MENTIONED IN THIS WEEKS SHOW:

You can download my free budget template https://moneymode.com.au/free-download-budget/

And read about the top tips I shared in this podcast on my blog. 

https://moneymode.com.au/money-talk-budgets.

See omnystudio.com/listener for privacy information.

Welcome to the Savvy Mumma podcast, starting a money conversation relevant for Mums who are busy juggling life, careers and households. 

The great Australian dream is to be a homeowner, but what about being a true homeowner?

Imagine being able to remove the mortgage noose from around your neck and put in place a plan to own that roof over your ahead [outright!] sooner rather than later.

Imagine the additional freedom you would feel being mortgage free, cheaper and quicker.

In this episode with Nicole Pedersen-McKinnon, we talk real tips and real numbers and how implementing some simple strategies can take years and thousands of dollars off over the life of your mortgage!  And it doesn’t have to involve depriving your current lifestyle or saving more money, there are many strategies that you can take advantage of that will get you out of debt sooner.

Links we mentioned in the show - https://www.apra.gov.au/register-of-authorised-deposit-taking-institutions

CREDITS

Host: Renae Vercoe

Producer: Rachael Hart

CONTACT US

Website: https://moneymode.com.au/savvy-mumma/

Savvy Mumma Facebook Group: Join us 

THIS WEEKS GUEST:

Nicole Pedersen-McKinnon

Nicole is a money expert, columnist, author and educator and you may have seen her on one of her many commentary gigs across Australian television channels.   She has a real vibrancy for money matters and is passionate about educating Australians on tips and strategies that will help them get ahead.  Nicole has also created a program that she delivers to graduating high school students called ‘Smart Money’.

You can find many of the tips Nicole she shared in this episode along with case studies of other Australians who achieved mortgage freedom, in her book ‘How to Get Mortgage Free Like Me’.

https://www.nicolessmartmoney.com/

https://www.nicolessmartmoney.com/products/how-to-get-mortgage-free-like-me

See omnystudio.com/listener for privacy information.