Millennial Money
Millennial Money
Oct 23, 2020
Can Your Mind Make You Broke & How to Avoid It
26 min

Can your mind make you broke? Have you ever made a money decision that you regretted later? I’ve made about a million of these over the years, but I’ve also learned how powerful your mind is when it comes to money. The real question is then, can you trick yourself into being broke or being wealthy. 

We’ll uncover these answers and the most common money mindset traps in this reboot episode.


What You'll Learn

  • The four negative mindset traps that can actually make you broke
  • How to recognize the mindset traps and what you can do to strategize against them
  • Why you need to define what success means to you and how that might be affecting your bank account
  • My own stories of powerfully connecting my health with my wealth and what I've learned
  • Why you should have your own version of the "24-hour" window before you make big purchases
  • How a "f**ck it bucket" can give you options in life when you need them the most


SUBSCRIBE & SHARE

Want to be the first to know when new episodes are released? Click here to subscribe in iTunes! IT’S FREE!

👉 Sign up for my weekly LET’S TALK MONEY email newsletter.


Ask Shannah

Have an Ask Shannah question, submit it here


Get Social


You Need A Budget (YNAB)
You Need A Budget (YNAB)
Jesse Mecham
Tackling Fear
The end of the year is nigh, and 2020 has been one of the most stressful in recent memory. Jesse offers some advice for those dealing with fear and anxiety during these times. During times of fear and uncertainty, Jesse draws on Stephen R. Covey's seminal book The 7 Habits of Highly Effective People. The first habit is to be proactive and take responsibility for your reactions to events. To that end, Covey asks readers to consider their circle of influence -- What do you control? Where do you not have control? Drawing a very clear picture of your circle of influence, and defining what you don't control, can help with realizing what things you ought to be fear and what things are outside your influence, and thus should be outside your concern (or at least unworthy of spending mental bandwidth on). When people start budgeting, they often can't control what they make, but they can control some of things they spend on. So focusing on spending, giving their money a job, and following the four steps brings their attention to concrete, actionable things within their circle of influence. Secondly, Jesse recommends learning more about the things you are fearful of. What information could you gather about a topic that would help you better understand it? If you are fearful about money, how about understanding how much you have in your checking account right now? Then take another step. What does that money need to do between now and the next time you get paid? Gathering data points and information about the things causing you fear and anxiety can help make them seem more manageable. Sign up for a free 34-day trial of YNAB at www.youneedabudget.com
7 min
Mo' Money Podcast
Mo' Money Podcast
Jessica Moorhouse
255 Opting Out to Live a More Intentional Life - Cait Flanders, Author of Adventures in Opting Out
I can’t believe Cait Flanders has been on the podcast 4 times now! Not only that, she truly helped launched the podcast as my first real guest for episode 3. Well, she’s back on the show because after releasing her first book The Year of Less, she has a second book that’s recently come out called Adventures of Opting Out. As a short bio in case you haven’t followed Cait since she started her original personal finance blog (Blonde on a Budget) in 2010 like me, she was able to pay off all her debt, do a 2-year shopping ban, and eventually published her first book in 2018 sharing her journey in 2018. To me, she always will be one of the OG personal finance bloggers in Canada. Now, she’s moved away from personal finance and into the intentional living and minimalism space, but she still talks about money quite a bit in her books (which I thoroughly enjoy). In her first book, she wrote about her life and experience doing her shopping ban which changed her life forever. For her new book, Adventures in Opting Out, she writes about how to opt-out of things (or relationships) in order to live a more intentional life. I think a lot of the time we think of adding things to our life, instead of taking things away or just doing things differently. Not only that, if there’s ever been a time to take a moment and reassess your life, 2020 is it! And Cait’s latest book is such a great way to get inspired and start thinking about how to change your life so it aligns better to what you really want it to look like. That could mean making shifts with your finances, changing your career, opting out of some social media platforms, leaving relationships that don’t add value to your life, or moving to a new place to live. I hope you really love this episode because I had such a great time recording it. I had an even better time reading Cait’s book, so make sure to check it out for yourself! For full episode show notes visit https://jessicamoorhouse.com/255
1 hr 4 min
Financial Independence Podcast
Financial Independence Podcast
The Mad Fientist
8 Key Lessons from the Ultralearning Experiment
Last year, I conducted an experiment in Ultralearning that I hoped would help me achieve a lifelong dream of mine of writing and releasing an album. I’m happy to say it was far more successful than I ever imagined it would be! As I mentioned in the initial Ultralearning podcast episode, the hope for the 3-month experiment was that it would accelerate my progress towards my goal and make the process more enjoyable. Well, it did all that and more… I ended up finishing a song during that 3-month experiment and I can’t believe it but I just released that single today! Not only did I write a song during the experiment, I continued writing music since then and I now have enough material for an album! Never in my wildest dreams would I have thought this experiment would help me make so much progress but it has! In today’s podcast episode, I go through everything I learned and explain why the Ultralearning Experiment helped me push past the self-doubt and self-destructive habits that have plagued me in the past. I also describe the new routines the experiment helped me develop and why those new habits have allowed me accomplish more than I ever have before! Highlights * How to get your brain ready (and why it’s essential for making progress) * The best way to make developing new habits easier * What you should focus on and why * How to be original and creative * Why you should make your project “real” (even if it makes you feel silly) * When it’s worth spending more money instead of less * Why you should expect to encounter the “gap” and how to get over it
39 min
Be Wealthy & Smart
Be Wealthy & Smart
Linda P. Jones
Are Digital Currencies About to Go Mainstream?
Learn why digital currencies may be about to be legislated and accepted and used by the mainstream. Central bank digital currencies (CBDCs) are going to be used as digital currencies and institutional investors are getting invested in this asset class. Are you investing well for financial freedom...or not? As we live our lives, we have seen enormous money be made in real estate, technology stocks, etc. and have seen wild swings in markets before. They can feel scary at the time, but in hindsight are often tremendous opportunities for future financial success. If you only knew where to invest for the long-term, what a difference it would make, because the difference between investing $100k and earning 2% or 10% on your money over 30 years, is the difference between it growing to $181,136 or $1,744,940, an increase of over $1.5 million dollars. Your compounding rate, and how well you invest, matters! INTERESTED IN THE BE WEALTHY & SMART VIP EXPERIENCE? -Asset allocation model with ticker symbols and % to invest -Monthly investing webinars with Linda -Private Facebook group with daily insights -Weekly stock market commentary email -Lifetime access -US and foreign investors, no minimum $ amount required Extending the Black Friday week offer, enjoy a 50% savings on the VIP Experience. More information is here or have a complimentary consultation with Linda to answer your questions. For an appointment to talk, click here: https://2909395.survey.fm/application-for-vip-experience PLEASE REVIEW THE SHOW ON ITUNES If you enjoyed this episode, please subscribe and leave a review. I love hearing from you! I so appreciate it! SUBSCRIBE TO BE WEALTHY & SMART Click Here to Subscribe Via iTunes Click Here to Subscribe Via Stitcher on an Android Device Click Here to Subscribe Via RSS Feed WEALTH HEIRESS TV Please subscribe to Wealth Heiress TV YouTube channel (it’s not just for women, it’s for men too!), here. PLEASE LEAVE A BOOK REVIEW Leave a book review on Amazon here. Get my book, “You’re Already a Wealth Heiress, Now Think and Act Like One: 6 Practical Steps to Make It a Reality Now!” Men love it too! After all, you are Wealth Heirs. :) Available for purchase on Amazon. International buyers (if you live outside of the US) get my book here. WANT MORE FROM LINDA? Check out her programs. Join her on Instagram. WEALTH LIBRARY OF PODCASTS Listen to the full wealth library of podcasts from the beginning. Use the search bar in the upper right corner of the page to search topics. TODAY'S SPONSOR I want to take a few seconds to tell you about how I “read” more books and stay ahead of the curve. It’s by not reading books, but instead listening to them – like you are right now! With Audible, there are over 150,000 titles to choose from for your iPhone, Android, Kindle or mp3 player and…your first audiobook is FREE! I suggest you get the audio book of Think and Grow Rich, or you can check out my website Resources page where I list all of my favorite financial books and you see exactly what books I have read and recommend you read. Then get started with Audible by visiting https://lindapjones.com/FreeBook and order your first audio book free! Get Think and Grow Rich or another book from my recommend list, and be sure to get started checking off the books you want to read with your free book from Audible! Be Wealthy & Smart,™ is a personal finance show with self-made millionaire Linda P. Jones, America’s Wealth Mentor.™ Learn simple steps that make a big difference to your financial freedom. (Some links are affiliate links. There is no additional cost to you.)
24 min
Journey To Launch
Journey To Launch
Jamila Souffrant
186- Learn How Investing Works & Grow Your Money w/ Bola Sokunbi from Clever Girl Finance
What’s stopping you from investing? Chances are you can start right now! In this episode, Bola Sokunbi shares all things investing. Bola is my most recurring guest because she continues to share tangible gems with my audience. She is the founder of Clever Girl Finance, one of the world’s largest personal finance platforms for women in the U.S.. Bola does it all, she is a podcaster, mom, and entrepreneur. She just published her new book, which I am featured in, titled, Learn How Investing Works, Grow Your Money. Sometimes, the financial jargon around investing can make it seem too difficult to start. Bola shares why people don’t invest and a common theme she sees from successful people who do invest. She also reminds us that it is never too late to start and shares why you shouldn’t wait to pay off debt before you start investing. If you have fear around investing or are curious to learn more about how to generate wealth, this episode is for you. In this episode you’ll learn: * 2 of the biggest concerns of why people don’t invest * What’s the first step to investing * Different types of retirement accounts from your employer * Some mistakes beginners make * A common theme from successful investors and business owners * Why it’s never too late to invest * How to invest and pay off debt * Ways to diversify your income as a business owner and much more... Special thanks to DCU for sponsoring the episode! Learn more about DCU by clicking here. Other related blog posts/links mentioned in this episode: * Bola was a guest on episodes 22 (How Investing In Yourself & Starting A Business Can Lead To Financial Success) and 106 (Creating Financial Freedom & Wealth On Your Own Terms) of the podcast. * Bola’s book “Learn How Investing Works, Grow Your Money” can be purchased at Audible and Barnes and Nobles. * If you missed enrollment join the waitlist for my FI course. * Check out the other tools that help me with my finances and business here. * Check out the Journey To Launch Podcast index here which categorizes all of the Journey To Launch podcast episodes by subject. Now you can binge on your favorite topics or type of episode. * Join The Weekly Newsletter List * Leave me a voicemail– Leave me a question on the Journey To Launch voicemail and have it answered on the podcast! * Watch me on News12 Watch my latest segments on News12 * YNAB – Start managing your money and budgeting so that you can reach your financial dreams. Sign up for a free 34 days trial of YNAB, my go-to budgeting app by using my referral link. Connect with Bola: * Website * Facebook: @CleverGirlFinance * Instagram:@CleverGirlFinance * Twitter: @CleverGirlcgf Connect with me: * Instagram: @Journeytolaunch * Twitter: @JourneyToLaunch * Facebook: Journey To Launch * Join the private Facebook Group * Join The Money Launch Club Waitlist * Join the waitlist for my FI Course * Jumpstart Guide
49 min
Paychecks & Balances
Paychecks & Balances
Rich Jones
When You Overcommit - PB177
Today it’s just Rich solo on the podcast. He’s talking about how the month of October was one of the most stressful months of his life. In fact, it almost brought him to tears. But, it wasn’t all bad! Paychecks & Balances won Best Generational Financial Literacy Content at the Plutus Awards. This marks the second year in a row that P&B has brought home a Plutus award.   In this episode Rich is breaking down his recent dance with burnout and why his highly ambitious drive almost backfired on him. The outlying theme in this episode is that you need to know what’s worth your time and commitment and what you can say no to. It’s important that when you do commit to something you give it your all and produce the results you know you’re capable of, and the results that are expected of you. * * *This week on Paychecks and Balances:* ●      Door Dash gone wrong ●      How Rich negotiated a cheaper lease at his apartment and then  immediately broke it ●      The pain of procrastination  ●      How Rich threw his backout getting on his Peleton ●      Knowing your stress cycle ●      The stress and anxiety of taking on too many freelance gigs ●      The power of referrals'    *Resources Mentioned:* ·      Himalaya  *Connect with Paychecks and Balances:* ●      Paychecks and Balances Website ●      Patreon Paychecks and Balances ●      Paychecks and Balances on Instagram ●      Paychecks and Balances on Facebook ●      Paychecks and Balances on Twitter
25 min
More episodes
Search
Clear search
Close search
Google apps
Main menu