Will Being Fitter Make You Richer? With Steph & Laura from KIC

Podcast Summary

• The Connection Between Health and Financial Well-being: Steph and Laura's Kik platform highlights the link between health and wealth, while ShareSite's investment dashboard simplifies portfolio tracking and tax reporting.

  Steph and Laura, the dynamic duo behind the popular health and fitness platform Kik, have emphasized the connection between a healthy lifestyle and financial well-being. Meanwhile, the investment world has seen a game-changer with ShareSite, an investment dashboard that allows users to track their portfolio's performance in one place, providing comprehensive insights beyond brokerage statements. ShareSite, which supports over 500,000 stocks, ETFs, and funds, and integrates with over 200 platforms, is now offering a special deal for those who want to dive deep into performance metrics and streamline tax reporting. In summary, the paths to a healthier, happier life and a more organized investment experience have intersected, offering inspiration and practical tools for individuals seeking growth in both areas.

• The importance of instilling a savings mindset from a young age: Learning to save from a young age, through jobs or personal experience, can lead to financial independence and stability in the long run.

  Having a strong savings mindset from a young age, instilled by parents or personal experience, can greatly benefit individuals in the long run. The speaker shares how she learned the importance of saving through various casual jobs and the responsibility that came with them. She also mentions how she analyzed potential purchases based on their cost per wear and only bought items she would use frequently. Although her parents didn't have an extensive education on investing, they taught her the value of earning and saving money. The speaker's upbringing instilled a strong work ethic and appreciation for the value of money, which has stayed with her throughout her life. Additionally, she grew up in a feminist household with a sticker that read "A man is not a financial plan," emphasizing the importance of financial independence. While there were lessons she needed to work through, the foundational savings mindset instilled in her as a child has been invaluable.

• Childhood experiences shaped her saving mindset: Witnessing financial stress instilled a saving mindset, while hard work taught importance of saving for desired items.

  Growing up with financial stress and scarcity instilled a deep-rooted mindset of always saving and avoiding full-price purchases. This mindset was shaped by witnessing the financial strain that led to her parents' divorce, and was further reinforced by a desire to keep up with peers and fit in socially. However, this mindset also taught the importance of hard work and saving for desired items, as demonstrated by her experience working to pay for her debutante ball expenses. Overall, these experiences shaped her relationship with money and continue to influence her spending habits today.

• Working towards financial freedom and success: Through hard work, determination, and financial responsibility, one can achieve personal financial freedom and success, which brings choices, freedom, and the ability to help loved ones.

  Personal financial freedom and success come from hard work, determination, and taking control of one's own financial situation. The speaker shares her experience of working towards a law degree and saving for a car despite facing challenges, which taught her the importance of financial responsibility and the power of setting and achieving goals. She also emphasizes the importance of finding fulfillment in work and recognizing the value of supporting family members. Despite the mental challenges that come with having more money, she ultimately views financial success as having the ability to make choices, have freedom, and help loved ones. Money can be a source of stress and comparison, but focusing on personal growth and the ability to make a positive impact on others can bring a sense of fulfillment and success.

• Shared values and experiences led to successful business partnership and financial growth: Growing wealth allows for increased charitable giving and investment in female-led companies, fostering gratitude and generosity

  The shared experiences and values from their upbringing played a significant role in the successful partnership and financial journey of the speakers when they launched their business together. They were able to save and reinvest their earnings, avoiding the need to take significant risks or live off the business in its early stages. As their financial position improved, their relationship with money evolved, with a growing appreciation for generosity and reinvestment, particularly in female-led companies. Research suggests that women's charitable giving increases as their wealth grows, while men's giving does not, further emphasizing the importance of this approach. The speakers' experiences also underscored the value of being grateful for opportunities and using wealth to help others.

• Material possessions don't bring lasting happiness: True joy comes from within, not from material possessions. Find balance between wealth and generosity for a fulfilling life.

  Material possessions do not guarantee lasting happiness. While the initial excitement of purchasing expensive items may fade quickly, leaving only the physical object behind, it's essential to recognize that true joy comes from within. Additionally, those with substantial wealth are not always the most generous or empathetic individuals. In fact, some may struggle to understand the financial struggles of others, which can create tension and disconnection. Ultimately, it's crucial to find a balance between accumulating wealth for financial freedom and recognizing the importance of sharing that wealth with others. By doing so, we can create a more equitable and fulfilling society for all.

• Mindful of friends' financial situations: Be flexible with plans, communicate openly about financial comfort levels, and find creative ways to show kindness and support.

  It's important for event organizers or hosts to be mindful of their friends' financial situations and be flexible with their plans. A listener shared an experience of feeling pressured to attend a hen's event in another state despite financial struggles. The listener wanted to stay with a relative instead, but felt pressured to attend the event and ended up feeling sad and overwhelmed. The hosts or organizers should understand that not everyone can afford the same experiences and be open to alternative solutions. Moreover, individuals should communicate openly about their financial comfort levels and preferences. For instance, some people might prefer splitting the bill, while others might appreciate being treated occasionally. It's essential to respect each other's preferences and find a balance that works for everyone. Personally, I've learned that being generous doesn't always mean covering the bill every time. Instead, it's about finding creative ways to show kindness and support. For example, planning affordable activities or contributing to shared expenses. It's essential to remember that everyone's financial situation is unique, and being mindful of each other's circumstances can help build stronger and more meaningful friendships.

• Accept contactless payments with iPhone and Stripe: Businesses can boost revenue, expand reach, and enhance customer experience by accepting contactless payments using iPhone and Stripe, improving communication and understanding in sensitive conversations, and promoting healthy financial relationships through open discussions.

  Business owners can now easily and seamlessly accept contactless payments directly from their iPhones using tap to pay on iPhone and Stripe. This game-changing solution empowers businesses of all sizes to accept payments quickly and flexibly, without the need for additional hardware. It benefits businesses by increasing revenue, expanding reach, and enhancing customer experience. When it comes to sensitive conversations, such as discussing bill splitting, it's essential to approach the topic with openness and understanding. Misunderstandings can arise from assumptions, so clear communication is key. If having the conversation in person feels uncomfortable, consider sending a message to express your feelings and propose a solution. Lastly, leading a fitter lifestyle can have a positive impact on your wealth, but it's essential to have open and honest conversations about money to avoid misunderstandings and build healthy financial relationships.

• Investing in fitness leads to improved productivity and wealth: Regular exercise and proper nutrition boost motivation, energy, mental clarity, and productivity, leading to increased earnings and success

  Leading a healthier, fitter lifestyle can have a positive impact on wealth and productivity. The speaker's personal experience, particularly in the modeling industry, shows that taking care of one's body through proper nutrition and exercise can lead to improved motivation, energy, and mental clarity, which in turn can lead to increased productivity and earnings. This correlation was also evident during the speaker's high school years when fitness and good grades went hand in hand. Currently, the speaker feels the strongest and most productive when in a consistent fitness routine that fits her lifestyle. Exercising is seen as an investment in oneself, leading to better mental and physical health, and ultimately, increased wealth and success.

• Investing in self-care and skills: Discipline in fitness and finance requires pushing beyond comfort zones and consistent effort for long-term growth. Neglecting either can lead to missed opportunities and overall well-being.

  Discipline in both fitness and finance is crucial for personal growth and success. Discipline in fitness means investing time in self-care activities, even when not motivated, to see progress. Similarly, in finance, it means working hard and investing in skills and education to increase earning potential. Both require pushing beyond comfort zones and understanding that hard work and consistency lead to growth. Fitness and finance are interconnected, as both teach self-discipline, resilience, and the importance of long-term commitment. Neglecting either can lead to burnout and missed opportunities for growth. Prioritizing time for self-care in both areas is essential for overall well-being and success.

• Prioritizing self-discipline for better health and wealth: Making a commitment to self-discipline through regular exercise, self-care, and prioritizing tasks leads to improved health, increased productivity, and wealth growth.

  Self-discipline plays a crucial role in both physical and mental well-being, leading to a healthier lifestyle and increased productivity. Discipline is often misunderstood as a negative concept, but it simply means making a commitment to prioritize activities that benefit us, such as regular exercise or self-care. It doesn't have to be about punishment or restriction. In fact, having self-discipline can lead to greater self-love and overall happiness. For those who struggle to incorporate fitness into their busy lives, small steps like starting with a 5-minute Pilates flow in the morning or finding time for a walk can make a big difference. Additionally, there is a strong connection between a healthy lifestyle and wealth growth. By prioritizing self-discipline and making time for self-care, individuals can increase their energy levels, focus, and productivity, leading to greater success in their personal and professional lives.

• Identify your personal reason for maintaining good health: Regular exercise releases endorphins, boosts energy, reduces stress, and prevents diseases. Start small, focus on long-term benefits, and build healthy habits for overall well-being.

  Maintaining good health is essential and can have numerous positive impacts on various aspects of our lives. The first step to making a change is identifying your "why" – the personal reason that motivates you. Exercise is an important part of this, as it releases endorphins, boosts energy levels, reduces stress, and improves overall well-being. Regular physical activity also helps prevent diseases, such as heart disease and certain types of cancer, which are major causes of death in developed countries. Remember, it's not about drastic changes or overhauls; it's about building healthy habits through discipline and consistency. Start small with manageable routines and focus on the long-term benefits for your overall well-being.

• Find your 'feel good' exercise with The Key app: The Key app offers various workout types, prioritize finding a routine that fits your lifestyle, and start with short sessions for a consistent workout routine to improve physical and mental health.

  The Key app, which offers a variety of workout types, is designed to help individuals find their "feel good" exercise and improve both their physical and mental health. The speakers emphasized that motivation and discipline can waver, and it's essential to find a routine that fits one's lifestyle. They also shared personal reasons for prioritizing exercise, such as emotional well-being, saving money on healthcare, and increased energy levels. To get started, listeners can sign up for a free month using the code "gti" on the Kickapp.com website and download the app. The app offers various workout types, including dance cardio, treadmill classes, run programs, yoga, strength, and Pilates, with some workouts as short as 5 minutes. The speakers recommended starting with a consistent wake-up time, scheduling workouts in advance, and beginning with short sessions to make mornings less daunting. Additionally, the app offers meditations and budget-friendly recipes.

• Investing in Health and Finances: Learn about managing health and finances together, gain insights from personal financial journeys, and access valuable resources for improving both aspects of life.

  The Girls That Invest podcast aims to provide a comprehensive solution for time-strapped individuals who want to manage their health and finances in one place. The hosts, Laura and Steph, shared their personal financial journeys and emphasized the importance of investing in one's health, which can lead to significant improvements in various aspects of life, including finances. However, it's important to note that the advice given on the podcast is for educational purposes only and should not be considered personalized investment advice. Always do your research and due diligence before making any financial decisions. This podcast is a valuable resource for those who are ready to invest in their health and finances, as it puts all the necessary tools and knowledge in one place.