Good With Money

I’m 6 months into my wardrobe freeze, and this episode I’m diving deep into the emotions, revelations, and insights that came from redefining my relationship with fashion and consumption. The initial excitement of novelty has worn off, and I’ve realised that the real challenge lies in finding creativity with the items I already have - and there have been moments when I just wanted to buy something new, especially when it comes to special occasions like weddings or birthdays! 

A major factor that has kept me going over the last 6 months has been the sense of lightness and mental clarity that comes from not constantly shopping. It's freeing not having to decide whether I should buy something, analyse my budget, or deal with the regret of returning items - don’t underestimate the amount of thought that can go into a clothing purchase!

As I look towards the second half of this 12-month challenge, I've started to focus on what my wardrobe truly needs. It's not just about specific items, but also understanding the fabrics, cuts, and colours that make me feel amazing. I hope this episode leaves you feeling inspired to make more conscious wardrobe choices, and maybe even your own freeze!

Episode highlights:

• How I’ve worked to stop that ‘scary number’ on my clothes tag limiting my style choices
• Unpacking fashion FOMO, and finding new outfits from items I already own
• A peek behind the curtain of the group wardrobe freeze challenge, and the benefits of sharing experiences, struggles and wins in a safe space

“We’re conditioned to feel an emotional connection to the things that we’re buying and we inflate their value so that we can justify that purchase.”

“It’s just been really interesting looking at who I’m buying for… it’s really hard to break the habitual process of buying for someone that you’re not.”

Where to find The Broke Generation

Website: https://thebrokegeneration.com/?v=518f4a738816

Instagram: https://instagram.com/the.brokegeneration

TikTok: @the.brokegeneration 

Sign up to The Glue: the weekly money psychology and mindset newsletter www.thebrokegeneration.com/subscribe, where you’ll also get your free Financial Values workbook.

Join the waitlist for the next Wardrobe Pause Challenge: https://mailchi.mp/a5bafd003bec/wardrobe-pause-challenge-waitlist 

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This week I caught up with Shelley Johnson, non-boring HR Consultant and all-around powerhouse. Shelley and I talk about what makes a workplace toxic, how you can recognise the warning signs, and practice self-compassion as you navigate your way out.

Episode highlights:

• “Orange Flags” to look out for in a workplace
• Recognising when you’re in a toxic environment
• Rediscovering your sparkle after leaving one
• Empowering yourself in the next stage of your journey

“If you’re in a job and you’re thinking ‘I’m just surviving.’ That’s not a good indicator.” 

Where to find Shelley Johnson

Website: https://www.boldside.com.au/

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

LinkedIn: https://www.linkedin.com/in/shelley-johnson/

My Millennial Career Podcast: https://www.boldside.com.au/podcast

Where to find The Broke Generation

Website: https://thebrokegeneration.com/?v=518f4a738816

Instagram: https://instagram.com/the.brokegeneration

TikTok: @the.brokegeneration 

Sign up to The Glue: the weekly money psychology and mindset newsletter www.thebrokegeneration.com/subscribe, where you’ll also get your free Financial Values workbook.

See omnystudio.com/listener for privacy information.

Have you ever thought about wanting to be famous? There's more to fame than meets the eye, and exploring its true meaning can help us understand our own aspirations.

Join this conversation with Toni Lodge and get the golden nuggets of wisdom from everyone's favourite “Internet Sister,” author of I Don’t Need a Therapy, and co-host of the Toni and Ryan Podcast. In this episode, Toni shares what it is like to have the desire to be famous from a young age, what happens when you actually get it, and why there is a bit more to her desire for fame than you might expect.

Toni Lodge

Website: https://www.toniandryan.com.au/

Facebook: https://web.facebook.com/groups/toniandryanpodcast/

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

Linktree: https://linktr.ee/ToniAndRyan

Emma Edwards

Website: https://thebrokegeneration.com/?v=518f4a738816

LinkedIn: https://instagram.com/the.brokegeneration

Instagram: https://instagram.com/the.brokegeneration

See omnystudio.com/listener for privacy information.

In this episode I share my 5 step mid year money reset process to help you zoom out of your money, farm data from the first 6 months of the year, and set new goals for the second half of 2023.

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It's the 100th episode of The Broke Generation Podcast! Yeehawwww!! In this fun bitsy episode, I take you through a goal review of my 23 Goals for 2023 episode that I recorded earlier this year, talk about financial priorities and why they matter, progress and the things we forget about how far we've come, and some of the best things I've ever spent money on. PLUS we hear from YOU about your financial priorities and best ever purchases.

Thank you so much for listening and being a part of the show. Please share with a friend or leave a 5* review to help more people find the pod! I'd be so endlessly grateful!

See omnystudio.com/listener for privacy information.

In this episode I'm joined by Evan Lucas, economist and author of Mind Over Money. Evan and I have a really candid chat about financial behaviour, financial beliefs, and why humanising money is the key to healthier financial experiences for all. 

Where to find Evan:

https://www.investsmart.com.au/author/evan-lucas/11669

Mind Over Money: https://www.booktopia.com.au/mind-over-money-evan-lucas/book/9781922611482.html 

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Sign up to The Glue: my weekly feel good finance newsletter www.thebrokegeneration.com/subscribe, where you’ll also get your free Financial Values workbook.

Where to find me:

Instagram: @the.brokegeneration

Blog: www.thebrokegeneration.com

Disclaimer: Information contained in this podcast is for entertainment purposes only and should not be considered financial advice, nor used to make a financial or investment decision. Please seek professional advice for information tailored to your own circumstances. 

See omnystudio.com/listener for privacy information.

In this LONG juicy solo episode I take you through 32 things I've learned by 32! (It wasn't until a decent 30 mins into recording that I realised, sh*t, 32 things is A LOT. Ha! But we ploughed on).

I know you all love fun list-style podcasts from time to time, so buckle in and join me for some birthday reflections as I hit the big 3-2. 

Wanna fang me some love for my birthday? 

• Leave a review on Apple Podcasts to help more people find the show
• Share the show to your stories on social media
• Sign up to receive my weekly newsletter, The Glue (+ receive a free workbook on unpacking your financial values!)
• Buy me a Coffee
• Listen to my podcast for business owners/freelancers, Broke Business!

Thank you so much for being with me for another year. I truly appreciate you!

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Identifying and healing your money wounds with Karen Eley

In both personal and professional spheres, "Money Wounds" presents as an inescapable encounter. The pursuit of financial stability and success often comes with its fair share of challenges and setbacks that tend to trigger our dormant money wounds. Whether big or small, these wounds can manifest in various ways, causing us to feel shame about money, perceive it as psychologically unsafe, avoid financial discussions, and struggle to act rationally in money-related situations. Most of our money wounds, emotions, energies, and behaviour patterns are shaped during our formative years, and addressing and working through them often involves going back to the past.

In this episode, Karen Eley, an ex-financial advisor turned coach, shares more about money wounds, money and identity, and how to build a positive money mindset, rituals, habits, and behaviours. Whether you want to get better at your numbers game, money management, budgeting, or saving, creating a safe space internally and externally to speak about money and work on your money wounds will help you transform your relationship with money. 

Tune in!

Episode Highlights:

• [00:01] Episode intro and what’s in for you today
• [02:41] A bit about Karen and what she does as a money coach
• [05:14] Money wounds and how they present themselves in our financial path
• [09:37] Practical example of little ts money wounds and how they impact our behavior
• [13:20] How the money wounds are created, and patterns are reinforced in children
• [14:53] How to support and encourage people to start healing money wound 
• [18:30] What to do to uncover and heal money when your memory is blurry
• [22:08] Self-awareness and three pillars to help you overcome money wound
• [26:46] How to approach your money mindset work with consistency  
• [29:12] How stressful events can trigger dormant wounds and how to create a better outcome
• [30:53] How money gets intertwined with our identity and self-worth 
• [35:19] The role of financial psychology in financial and emotional literacy 
• [43:39] Little things you can do to build new money rituals, habits, and behaviors
• [47:36] How to reach out and connect with Karen

Standout Quotes:

• “As children we are not different as humans to any other animal species, we are born and we know in order to survive we need to model what our parents do and take on those habits on ourselves.”- Karen [15:36]
• “Creating a safe space for money to be talked about is significant for a lot of people’s experience.’- Emma [20:134]
• “If you don’t want to feel guilty about money anymore, you need to think about what you want to feel instead and train your body to feel that, this is like a muscle that you need to develop and work on.” - Karen [23:20]
• “The way we are and how we feel about money is a mirror reflection of how we truly feel deep down about ourselves; money is like a mirror that reflects what we truly believe deep down about ourselves. ”- Karen [31:00]
• “Don’t let the simplicity of the process diminish the effectiveness of what the outcome and the results are. ”- Karen [47:10]

Resources Mentioned 

Atomic Habits James Clear: https://www.booksamillion.com/p/Atomic-Habits/James-Clear/9780735211292Stay Connected

Karen Eley

Website: https://www.womentalkingfinance.com.au/

LinkedIn:https://www.linkedin.com/in/karen-eley-95523324/

Instagram: https://www.instagram.com/women.talking.finance/

Wanna support the show?! Here's how

• Leave a review on Apple Podcasts
• Share the episode to your social media and tell me what you loved
• Buy me a Coffee

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How to stop pulling money out of your savings

"Pulling Money out of our savings " is a common behaviour and brain thought among many of us. We are not all born financially savvy or natural savers. We are not naturally inclined towards delayed gratification and saving. However, pulling money out of our savings for whatever reason is one of those things that hold us back, but when we work on stopping this behaviour from happening in the long run, it can propel us much faster toward our goals. Pulling money out of our savings is not caused by the same circumstance or mechanism, and it is worth paying attention to what is happening at different points in your finances to cultivate your financial confidence and autonomy over your money.

In this episode, your host, Emma, shares more about savings and how to stop pulling money out of your savings. It's a common misconception that the main cause of our savings failures is pulling money out of our savings. In reality, the problem lies in our initial approach to saving, where we tend to put away excessive amounts. We end up over-saving and attempting to do more than we can. Listen in and get the tools to help you shift your perspective and approach to what fits your finances.

Tune in!

Episode Highlights:

• [00:01] Episode intro and what’s in for you today
• [05:42] Slowing down and recognizing situations in which you are pulling savings 
• [09:09] The difference between reactive and responsive financial behavior 
• [10:51] Emotional problems and how we pull savings to fuel emotional behaviors 
• [13:06] The PMG framework to help you work on emotional spending
• [23:50] Mathematical problems in calculating saving and the best antidote 
• [27:21] Organisational issues and how to plan in a way that looks ahead for banana skins
• [29:27] The focus problem and how it comes up in our financial management 
• [33:50] Motivation, goal simulation, and understanding how your brain responds to reward
• [38:51] Prioritisation problem and spending on your highest values to get the most value 
• [42:31] Wrap up and end of the show

Standout Quotes:

• “When we put money into savings and pull it back out again, we are kicking ourselves and our financial mindsets in a financial gap and hurting ourselves.”- Emma [07:43]
• “If you try to do the right thing too hard, if you try to budget too hard or attempt achieve more than it's realistically possible, you are setting yourself out for failure."- Emma [08:19]
• “When you are pulling money out of your savings emotionally, you are taking money from the future you to change your emotional state in the present; you are choosing now over later but the antidote is making tomorrow more attractive than today.” - Emma [23:20]
• “Looking ahead for banana skins is one of those big hard hitters that is going to drastically change the sense of control that you feel you have over your finances and give you much more autonomy on where your money goes because you have that confidence that you have looked ahead and you are aware of what is coming up. ”- Emma [29:09]
• “Understanding how to balance your scales out and prioritise your way to financial confidence is valuable.”- Emma [41:15]

Resources Mentioned Free Financial Values Workbook: https://www.thebrokegeneration.com/subscribe

See omnystudio.com/listener for privacy information.

In this week's episode I'm joined by family lawyer, Bec Dahl, to talk about protecting yourself financially in a relationship. Please note this information relates to Australian family law only. Family law differs by country, and the mechanisms discussed in this episode are quite specific to Australia. 

Highlights:

• How assets work in a relationship, both before, during and after separation
• The difference between de facto relationships and marriage
• Binding financial agreements and how they work
• How to protect yourself in a new or existing relationship

Where to find Bec:

https://nicholeslaw.com.au/staff/rebecca-dahl/

Instagram: @becfamilylawyer

See omnystudio.com/listener for privacy information.