Working Women's Wealth Podcast

Is your company taking enough money for your retirement? If your head is buried in the sand and you aren’t 100% sure of the numbers, then this is a modern fable you have GOT to listen to! Most people think of retirement as this wonderful, glowing phase of life… and it should be!  But it only will be if you plan in great detail what the journey of retirement looks like. And you need to know how you are going to pay for it. It is so important that you KNOW YOUR NUMBER, and start to live a life now according to what you can afford.

You’re a driven, goal-oriented, go-getter taking giant strides towards your best life, but what do you do when things don’t go according to plan? Finding myself in a similar situation, I’ve learnt some things that may be helpful to you... This weeks episode is a story of what happens when life goes pear-shaped, how trusting your gut is one of the most valuable signposts to your best life, and being able to recognise the first signs of spring.

Is your current investment strategy designed to make your retirement as tax efficient as possible? Understanding how tax works when you’re retired is only ONE of the factors to consider when structuring your investments in a marriage. Because we have NO idea what will happen when we’re 90 – what money we will need, what the tax rates will be, which one of us will be alive, structuring your money for flexibility is the most important thing. In today’s episode I explain the reasons you should think carefully about who owns which investment in a marriage. Please do share this episode with your married friends, and their husbands, as they may be young enough to change their investment strategy so their retirement is a lot more tax efficient.  

When it comes to marriage, there are a minefield of stories and beliefs that come to us as to the right and wrong way to run a marriage, and in particular, money in a marriage. An important topic that governs the future of your assets, it all comes down to the WAY you’re married. None of us like to talk about death or divorce in the weeks before we get married, it brings out the worst in us. So today’s episode provides a non-emotional perspective on the subject because it’s imperative to be very clear on the way you’re married, as it strongly impacts how your assets will be impacted by creditors, death and divorce. I really implore you that if you know a person who is considering getting married, please send them this episode so that they can make informed decisions.

If you’ve been listening to the last few episodes, you now know a thing or two about investing. The next piece of the puzzle involves avoiding the biggest mistakes people make when investing. Today I’m going to tell you the three BIGGEST mistakes I’ve seen most people make when investing, whether they have a little invested, or a lot!

With so many options available, how do you choose your investments? There is a decision tree that all investors go through, some of them subconsciously, that helps them to choose which fund they need to invest in. Over the last few episodes we’ve looked at how you invest, and in today’s episode (taking into account the foundations of investing) we’re going to bring it all together in a step-by-step decision tree to help you choose your investments to suit YOU! With two very different case studies to help you see how to use it, I hope you’ll listen to it again and again with the downloaded picture (available in the show notes at www.workingwomenswealth.com/182) until it becomes second nature.

Ready to invest, but confused by industry jargon? Translated into HumanSpeak you will be able to understand the different types of investments or assets. This week I’m going to teach you the type of assets you can invest in when you invest in funds, as well as give you some generalised guidelines for the average person as to how much money you should have in each type of investment. As always, I will say that I don’t know your personal circumstances, so I can’t advise you specifically, but you will truly be amazed at how, with repeated listening, you will be able to have a better discussion with your financial adviser, partner and friends about money.  Don’t take what they say at face value without asking the questions you need to!

Prioritising money for your future life is imperative, but how do you ensure that you have enough? You invest.   Simply put, there is no way you can SAVE your way to retirement, and so, in order to invest, you need to know the basic foundations of investing. In this weeks episode I want to teach you how to understand the landscape of investing so you can make the best choices available.  The most important part of any financial strategy is to understand how you think, feel and behave towards money, and being able to be honest about it will help you and your adviser select the right investments for you.

What happens when you’ve maximised the limit of your Tax Free Investments… Where should you invest? When it comes to investing in the stock market, there are two broad ways to invest - you can buy a single share, or a group of them, called a fund. But which one is right for you? Whilst WHERE you invest your money is entirely dependent on you, there are four elements of a good investment. In today’s episode I talk about those four elements and how they can help guide you to an investment decision. At the end of the day, the most important thing is to invest regularly each month, and to add top ups as and when you can.

In the story of your life, are you the victim or the heroine? There is power in the stories you choose, just as there is in choosing financial freedom. Defined by the choices you make from moment to moment, YOU get to decide whether you choose financial freedom or money stress. Choose wisely…

Are you looking to get inspired as you take courage and work to get your business off the ground? Look no further. In a male-dominated industry, two suburban moms are disrupting the status quo. Fighting against huge odds, Dr. Leslie Apgar and Gina Dubbé entered the medical cannabis industry, facilitating an unmet need in the market. With the dream to change (and heal) the lives of human beings, these two pioneers are great examples of what can happen when you have grit, take courage, and keep chasing that vision.

You’ve ticked all the boxes, and done everything right, so why isn’t success in business coming quicker? I recently had a light-bulb moment that could go a long way in easing your rush to the ‘finish’ line. My path to do what I was born to do - to teach a million women about money - has not been plain sailing, and so this concept of success’s timing has been on my mind for a while now. In today’s episode I reveal a way to fast track success…  After all, you were born to change the world, so get your future self ready!

Would you like to scale your income without using more of your time? (There are after all only 24 hours in a day…) Nicolene Elhadad did just that, by taking her idea for a coffee shop, and growing it into a franchise of 20 stores (and counting). In today’s episode, Nicolene talks about how she did it, the importance of teaching people to do what you do (so that your business can run without you), simple mistakes small business owners make, plus some great tips on making more money INSTANTLY in your business today.

Do you dream of having the freedom to choose IF you want to work, or if you don’t? Or in fact to simply CHOOSE the work you DO want to do? In order to do this, the first question you need to ask yourself is, ‘How much money do I need to stop working?’  The answer to this number really does depend on many things... In this week’s episode are three steps that will point you in the right direction.

Are you interested in investing, but have no idea where to start? The first place I always encourage people to invest is in their Tax Free Investment Accounts... This is the next instalment in a series designed to help  each and every one of you to live a financially free life, today we’re going to talk about where to invest for your long term future. From getting out of debt, to making a budget, to putting in place a system of accounts that helps you ensure that you always have money, to investing tax free, I've got you covered. When you are free from money stress, you can use all your energy on loving your family and sharing your amazing talents with the world.

Do you want to grow your wealth, but find it difficult to make the changes necessary? That’s because your brain is hardwired to do things the way they’ve always been done. But with this brain hack, you can use that to your advantage… Alongside that, in today’s episode I teach you how to plan a money system that I call the Five Tank System. Think of your money as the water supply of your life, and then treat it with the same respect... As we all know, it could run out at any time, so we need to put in place the tanks that store the money so we have it when we need it.  This money system enables you to fill your storage tanks of money first, and then direct the water so your day to day and future needs are met. By following this system, you WILL grow your wealth!

Do you resist making a budget? Whilst the words ‘boring’ and ‘time-consuming’ are the ones most commonly associated with budgeting, it is potentially your strongest friend on the road to financial freedom. In fact, I’d go so far as to say that it’s the key to being to live now AND save for the future. Listen to today’s episode to find out how setting your budget helps you build your fortress for financial freedom.

Are you in a state of constant stress? In and out of debt, but seemingly unable to change the behaviour that led you there? Your underlying disempowering money beliefs may have something to do with it… Get to the bottom of THOSE, and change your relationship with money. In this week’s episode, I’m chatting to Donna McCallum, the Fairy Godmother behind Money Magic. She lays out a solid plan for getting out of debt, with practical steps to making the changes necessary to facilitate your financial freedom. As Donna says, “If you have worked on your disempowering money beliefs and you’ve come into ease, you will be able to really create an amazing financial future for yourself and your family.” What are your beliefs about money?

Do you need help finding a way out of debt? There are a few ways to go about it… But here’s some controversial advice I give people in debt. It stands to reason that you CANNOT be financially free when you are in debt, so getting out of it should be a priority…. In this weeks episode I take you step by step through a couple of methods to get you out of debt, and when to use which method!

Before you know how, the move from debt to investing can feel insurmountable. Perhaps it’s reassuring to know that even those who have become financially free, have been through times of debt… In this weeks episode, Money Mindset Entrepreneur Vix Munro, shares her journey from debt to investing (in Property, Shares and Bitcoin). She now helps other women take control of their money, build wealth, and create great lives for themselves. The key to coming out on top is to keep learning, and to keep getting back up.