Financial Judgement

Welcome to another insightful episode of the Let's Talk Money and More podcast with your host, Lesley Thomas.

In today's discussion, we're diving into a topic many business owners shy away from, yet it is one we simply cannot ignore: ensuring you get paid on time. With late or unpaid invoices becoming increasingly common, I'll be sharing my top strategies to handle these situations with confidence and prevent them from recurring in the future. From setting clear payment terms from the outset to knowing when and how to escalate matters if necessary, we will cover it all. So, whether you're grappling with delayed payments or wish to fortify your systems for seamless financial transactions, this episode is packed with practical tips to help protect the financial health of your business.

Stay tuned as we explore how to manage these challenging conversations and establish financial boundaries that work for you.

Key Takeaways:

• Set Clear Payment Expectations: Establish crystal-clear payment terms from the start of your client relationships. Transparency helps prevent the dreaded ‘forgotten’ invoice.
• Prompt and Professional Invoicing: Consistently invoice your clients promptly and professionally. A reliable invoicing tool can aid in tracking payments and sending automatic reminders.
• Don’t Shy Away from Difficult Conversations: If payments are delayed, have the conversation. Stay calm and professional, and consider offering revised payment plans if needed. Always prioritize understanding and empathy.

Connect with Lesley Thomas

FREE Resources www.themoneyconfidenceacademy.com/resources/

My website www.themoneyconfidenceacademy.com/

Join my Facebook Group www.facebook.com/groups/letstalkmoneyandmore

Youtube channel www.youtube.com/@themoneyconfidenceacademy

Follow me on Instagram www.instagram.com/lesleythomascoaching/

Connect with me on LinkedIn www.linkedin.com/in/lesley-thomas

Email me [email protected]

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Welcome to another engaging episode of "Let's Talk Money and More," where financial literacy meets practical advice.

Today, host Lesley Thomas sits down with financial planner TJ van Gerven to explore the intriguing world of money stories. Drawing from TJ's unique personal and professional journey, they delve into the psychology of finances, the trends shaping our economic realities, and the transformative power of strategic financial planning.

TJ shares his compelling "money story," influenced by his parents' contrasting financial backgrounds, and reveals his mission to help others wield money as a powerful tool. Together, they discuss the critical importance of living below one's means, the benefits of automated investments, and the nuanced decisions around property ownership. TJ also provides insights into his innovative approach to financial planning, leveraging technology to cater to younger clients with substantial incomes but minimal investable assets.

From understanding the implications of high-interest rates on mortgages to embracing a fixed-fee business model, TJ's forward-thinking strategies offer invaluable lessons for navigating financial challenges in today's world. Join us as TJ van Gerven unpacks these topics and more, helping us build a future of financial stability and independence.

Key Takeaways:

• Tracking and Tools: Begin by tracking your finances without changes to understand your situation, and use tools like Monarch Money to manage cash flow effectively.
• Invest with Optimism and Discipline: Consistently invest in assets by automating your investments. Maintain a disciplined approach and realistic expectations about long-term returns.
• Rethink Traditional Norms: TJ discusses the emerging trend of choosing renting over property ownership, influenced by factors like high interest rates and flexible lifestyles. Evaluate your motives for purchasing property beyond societal expectations.

Connect with T.J. van Gerven

Website modernwealthbuilders.com

Twitter @tjvanerven

Connect with Lesley Thomas

FREE Resources www.themoneyconfidenceacademy.com/resources/

My website www.themoneyconfidenceacademy.com/

Join my Facebook Group www.facebook.com/groups/letstalkmoneyandmore

Youtube channel www.youtube.com/@themoneyconfidenceacademy

Follow me on Instagram www.instagram.com/lesleythomascoaching/

Connect with me on LinkedIn www.linkedin.com/in/lesley-thomas

Email me [email protected]

Hosted on Acast. See acast.com/privacy for more information.

Welcome to another insightful episode of Let's Talk Money and More with your host, Lesley Thomas.

Despite battling a croaky throat today, Lesley is diving deep into a topic that affects us all—fear. We're exploring how fear can be a barrier in our personal lives, professional growth, and importantly, our relationship with money. Through personal stories and practical advice, Lesley encourages listeners to confront the fear of failure and regret to unlock their full potential. Tune in as we challenge you to reflect on what holds you back and how you can take steps to conquer your fears for a more prosperous and fulfilling life. Remember, where mindset goes, money grows.

Key Takeaways:

• Identify and Name Your Fear: Understand what you are truly afraid of – is it failure, judgment, or financial loss? Naming it is the first step to conquering it.
• Assess and Visualize: Contemplate the cost of inaction. Visualize both scenarios: staying stuck versus moving past the fear, and let the vision of your best potential guide you.
• Embrace and Reframe Failure: Recognize failure as a part of the journey and a stepping stone toward success. Every mistake is a lesson that propels you closer to your goals.

Connect with Lesley Thomas

FREE Resources www.themoneyconfidenceacademy.com/resources/

My website www.themoneyconfidenceacademy.com/

Join my Facebook Group www.facebook.com/groups/letstalkmoneyandmore

Youtube channel www.youtube.com/@themoneyconfidenceacademy

Follow me on Instagram www.instagram.com/lesleythomascoaching/

Connect with me on LinkedIn www.linkedin.com/in/lesley-thomas

Email me [email protected]

Hosted on Acast. See acast.com/privacy for more information.

In this episode of "Let's Talk Money and More," I am joined by the fabulous Dr Joanna Martin, the founder and award winning CEO of One of Many and author of the best selling book ‘Superwoman: Escaping the Myth."

Jo shares her journey from medicine to acting and ultimately coaching, and the financial highs and lows, teaching her invaluable lessons along the way.

Jo and I discuss overcoming limiting beliefs, balancing risks, and the importance of financial education, particularly for women.

Key Takeaways:

• Open Financial Discussions: Create a safe space to talk about money with children. Sharing without distress can lay strong financial foundations.
• Empowering Women: Financial empowerment for women can catalyze community impact. Equip them with knowledge to invest and lead.
• Structured Sustainability: Building scalable businesses helps prevent burnout, allowing personal growth and a sustainable work-life balance.

We had such an empowering conversation, link to the episode can be found below.

Connect with Dr Joanna Martin

Website https://joannamartin.com/

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

Linkedin https://www.linkedin.com/in/joannamartin/

Connect with Lesley Thomas

FREE Resources www.themoneyconfidenceacademy.com/resources/

My website www.themoneyconfidenceacademy.com/

Join my Facebook Group www.facebook.com/groups/letstalkmoneyandmore

Youtube channel www.youtube.com/@themoneyconfidenceacademy

Follow me on Instagram www.instagram.com/lesleythomascoaching/

Connect with me on LinkedIn www.linkedin.com/in/lesley-thomas

Email me [email protected]

Hosted on Acast. See acast.com/privacy for more information.

Welcome back to Let's Talk Money and More! I'm your host, Lesley Thomas.

In today's episode, we're diving deep into the journey of transforming your relationship with money. Inspired by a conversation with a client, I'll share my own financial journey, from taking money for granted to understanding its power. We'll discuss overcoming financial barriers, the importance of setting goals, and practical steps to build financial confidence. Whether it's visualizing your future self, celebrating small wins, or preparing for setbacks, this episode is packed with actionable insights to help you grow your money mindset. Stay tuned, because where mindset goes, money grows!

Key Takeaways

• Acknowledge Your Starting Point: Before making any changes, it's crucial to understand your current relationship with money. Is it driven by fear or excitement? Celebrating the decision to improve this relationship is already a big step forward.
• Visualize Your Financial Future: Spend a few moments each day imagining a financial life filled with confident decisions and less stress. Visualization helps shift your mindset from fear to possibility. Not sure where to start? I'm happy to share one of my guided visualizations—just drop me an email.
• Set Clear, Achievable Goals: Identify your key money goals—whether it's building savings, reducing debt, or gaining control over spending. Setting a singular, clear goal can focus your efforts and motivate you to take action without feeling overwhelmed.

Connect with Lesley Thomas

FREE Resources www.themoneyconfidenceacademy.com/resources/

My website www.themoneyconfidenceacademy.com/

Join my Facebook Group www.facebook.com/groups/letstalkmoneyandmore

Youtube channel www.youtube.com/@themoneyconfidenceacademy

Follow me on Instagram www.instagram.com/lesleythomascoaching/

Connect with me on LinkedIn www.linkedin.com/in/lesley-thomas

Email me [email protected]

Hosted on Acast. See acast.com/privacy for more information.

Welcome to Episode 159 of "Let's Talk Money and More"! I'm your host, Lesley Thomas, and today we have a fascinating discussion lined up with our special guest, Rocky. In this episode, we'll explore some pressing financial topics, from the UK’s end-of-financial-year spending pressures to essential tips for managing excess funds in the US.

Rocky shares his profound insights on how maintaining financial security can lead to personal contentment and how he's transitioned to a lifestyle focused on enjoying life, maintaining health, and personal growth. We dive into the psychological aspects of money, exploring how societal pressures and historical factors influence our financial behaviors. Rocky also sheds light on the Profit First principle, a game-changing approach that prioritizes building cash reserves for businesses, ensuring long-term stability and success.

Whether you're an entrepreneur struggling with cash flow issues or simply someone eager to improve your financial literacy, this episode is packed with practical advice and thought-provoking discussions. Tune in, and let's learn how financial health can pave the way for a richer, more satisfying life. Don't forget to like and share if you find our conversation valuable!

Key Takeaways:

• End-of-Year Spending vs. Building Reserves (UK Focus): We discussed the pressure UK businesses face to spend remaining budgets before the financial year ends. Rocky highlighted the importance of building cash reserves instead of wasteful spending.
• Psychology of Money: Discover the impact of financial literacy (or lack thereof) on self-confidence and business success. We explored how deep-seated beliefs and money stories influence financial behavior and decision-making.
• Profit First Method: Rocky shared the transformative principle of "Sales - Profit = Expenses" over the traditional model. This simple yet powerful shift can help businesses prioritize profitability and build financial resilience.

Connect with Rocky Lalvani

Linkedin: https://www.linkedin.com/in/rocky-lalvani/

Website: https://profitcomesfirst.com/

Podcast: https://profitanswerman.libsyn.com/

Connect with Lesley Thomas

FREE Resources www.themoneyconfidenceacademy.com/resources/

My website www.themoneyconfidenceacademy.com/

Join my Facebook Group www.facebook.com/groups/letstalkmoneyandmore

Youtube channel www.youtube.com/@themoneyconfidenceacademy

Follow me on Instagram www.instagram.com/lesleythomascoaching/

Connect with me on LinkedIn www.linkedin.com/in/lesley-thomas

Hosted on Acast. See acast.com/privacy for more information.

Welcome to another insightful episode of "Let's Talk Money and More" with your host, Lesley Thomas.

In today's episode, we delve into the fascinating and crucial topic of our relationship with money. Lesley explores how our money mindset, often shaped by the age of seven through beliefs passed down by our parents and caregivers, impacts our financial behaviors and decisions. She guides us in identifying limiting beliefs and transforming them into empowering ones, encouraging us to reflect on our earliest money memories and their lasting influence.

Join us as we take actionable steps to rewrite our money stories, align our financial actions with our goals, and ultimately, enhance our financial confidence and success. Get ready to transform your relationship with money because where mindset goes, money grows!

Key Takeaways

• Early Money Beliefs: Our relationship with money is often shaped by the age of 7, inherited from our parents or caregivers. Understanding these early beliefs can help uncover the roots of our current financial behaviors.
• Reframing Limiting Beliefs: Identify the three words that come to mind when you think about money. If they're not supportive, redefine them and set actionable steps to foster a positive money mindset.
• Constant Evaluation: Regularly reflect on your money story. Align your actions with your financial goals by challenging and changing unhelpful patterns, ensuring your beliefs empower rather than hinder your financial progress.

Connect with Lesley Thomas

FREE Resources www.themoneyconfidenceacademy.com/resources/

My website www.themoneyconfidenceacademy.com/

Join my Facebook Group www.facebook.com/groups/letstalkmoneyandmore

Youtube channel www.youtube.com/@themoneyconfidenceacademy

Follow me on Instagram www.instagram.com/lesleythomascoaching/

Connect with me on LinkedIn www.linkedin.com/in/lesley-thomas

Hosted on Acast. See acast.com/privacy for more information.

In this latest episode of Let's Talk Money and More Podcast, we are joined by Lisa Cook, the Community Outreach Coordinator for Warminster School in Wiltshire. Lisa and I delve into the importance of teaching financial literacy to young people. We share insights on the impact of providing practical life skills, such as money management, to students. We highlight the evolving landscape of finance, from physical to digital transactions, and stress the need for open discussions about money. Tune in to hear their fascinating perspectives and practical initiatives in equipping students with essential life skills.

Key Takeaways

• Teaching Confidence and Questioning: Providing knowledge about money and finance isn't just about numbers – it's about teaching confidence, questioning, and not being afraid to ask.
• Evolution of Money Management: The way we manage money has evolved from physical transactions to digital payments. Open discussions about money and passing on financial knowledge through generations are crucial for adapting to these changes.
• Practical Life Skills Program: Lisa introduced a structured program for year 10 students, dedicating 4-5 weeks to skills like first aid, sewing, cooking, and money management. This hands-on approach equips students for future life skills and builds confidence.

Connect with Lisa Cook

EDGE programme https://verluciancommunity.co.uk/pages/outreach

Email [email protected]

Connect with Lesley Thomas

Book a call with me www.calendly.com/lesley-themoneyconfidenceacademy/30mins

FREE Resources www.themoneyconfidenceacademy.com/resources/

My website www.themoneyconfidenceacademy.com/

Join my Facebook Group www.facebook.com/groups/letstalkmoneyandmore

Youtube channel www.youtube.com/@themoneyconfidenceacademy

Follow me on Instagram www.instagram.com/iamlesley_thomas/

Connect with me on LinkedIn www.linkedin.com/in/lesley-thomas

Hosted on Acast. See acast.com/privacy for more information.

In this episode, Lesley Thomas talks about the significance of September as a new beginning for business. She emphasises the importance of reflecting on the year so far and setting clear goals for the upcoming quarter. From marketing strategies to managing finances and boosting team morale, Lesley provides valuable insights for business owners. She also highlights the importance of customer engagement, self-development, and decluttering workspaces. Join us as we explore the opportunities that September offers to finish the year strong and prepare for a successful start to the next year. 

Key Takeaways

• Reflect & Set Clear Goals: Analyze the year to date, understand what's worked well, and set precise goals for Q4. This will provide clear focus and direction for your business.
• Revisit Your Audience & Finances: As times change, it's crucial to revisit your target audience and assess how effectively you are managing your money. A financial review at this time can set you up for success.
• Boost Your Mindset: Use September as an opportunity to reinforce and reboost your mindset, especially the money mindset. Shed the old and embrace the new, letting the energy of this time propel you forward.

Connect with Lesley Thomas

Book a call with me www.calendly.com/lesley-themoneyconfidenceacademy/30mins

FREE Resources www.themoneyconfidenceacademy.com/resources/

My website www.themoneyconfidenceacademy.com/

Join my Facebook Group www.facebook.com/groups/letstalkmoneyandmore

Youtube channel www.youtube.com/@themoneyconfidenceacademy

Follow me on Instagram www.instagram.com/iamlesley_thomas/

Connect with me on LinkedIn www.linkedin.com/in/lesley-thomas

Hosted on Acast. See acast.com/privacy for more information.

Welcome back to another guest episode of Let's Talk Money and More Podcast!

In this episode, I am joined by Chris Budd, owner of the financial planning company Ovation Finance Ltd. He is the author of six books, including the original book about financial wellbeing which he wrote in 2015, The Financial Wellbeing Book, and The Four Cornerstones of Financial Wellbeing.

In this episode we delve into the fascinating concept of one's money story. Chris shares insightful anecdotes about growing up during Thatcherism and witnessing their father's bankruptcy, leading to a distinctive perspective on wealth and financial well-being. Chris and Lesley touch on the correlation between monetary success and happiness, the impact of social media comparisonitis, and the importance of purposeful actions and problem-solving in the workforce. Moreover, they emphasise the need for proper financial planning and considering life after selling a business. Join us for a thought-provoking discussion on finding meaning and purpose, making informed decisions, and seizing opportunities that align with personal values. Tune in to gain valuable insights that could reshape your approach to money and more.

Key Takeaways

• Shifting the focus from financial rewards to purpose and belonging in the workforce, emphasising the importance of a meaningful vocation.
• The significance of connecting with your future self to make decisions that not only enhance your current well-being but also benefit you in the long run.
• The power of saying yes to opportunities that align with your values and stepping out of your comfort zone, as it often leads to unique, rewarding experiences.

Connect with Chris Budd

Financial Wellbeing website www.financialwell-being.co.uk/

For Advisers - The new Financial Wellbeing Pulse: www.financialwellbeingpulse.com/

The Institute for Financial Wellbeing: www.instituteforfinancialwellbeing.com/

To Buy the Books: www.amazon.co.uk/stores/Chris-Budd/author/B00FF6G094?ref=sr_ntt_srch_lnk_4&qid=1722241683&sr=8-4&isDramIntegrated=true&shoppingPortalEnabled=true

Connect with Lesley Thomas

Book a call with me www.calendly.com/lesley-themoneyconfidenceacademy/30mins

FREE Resources www.themoneyconfidenceacademy.com/resources/

My website www.themoneyconfidenceacademy.com/

Join my Facebook Group www.facebook.com/groups/letstalkmoneyandmore

Youtube channel www.youtube.com/@themoneyconfidenceacademy

Follow me on Instagram www.instagram.com/iamlesley_thomas/

Connect with me on LinkedIn www.linkedin.com/in/lesley-thomas

Hosted on Acast. See acast.com/privacy for more information.