In today's episode, I will talk with you about investing for financial freedom. I have been talking to many clients about financial freedom, and I think about financial freedom often. Craig and I talk about freedom often and wanted to dedicate a podcast episode specifically to how I think about investing for financial freedom.

Before I dive into this episode, I want to first remind you about my four stages of wealth building: the survival phase, the foundation phase, the growth phase, and the freedom phase. So what I'm going to be exploring today are strategies to bring to life that freedom phase regardless of where you are on your financial journey. Suppose you're in the survival phase or the growth phase; in that case, you can still listen to this podcast and start to get some ideas on how to change the way that you're currently thinking about money and perhaps even the leading narrative that you have around money in your life, because whether you're aware of it or not the way that you think about money and perceive your path forward with money has been shaped by things that you've learned from your parents, your employer, your culture, and the government. There are a variety of factors that shape the things that you believe to be true about money. 

In this episode, I want to crack open all that, and I want to start to infuse in some new ways to consider using money in your life as soon as today, no matter which financial state you're in. Please stay tuned!

Key Highlights

[00:00:04] Introduction to today’s topic: How to invest for financial freedom.

[00:01:34] Recap of the four stages of building wealth

[00:02:46] Debunking the standard retirement model

[00:10:03] Investing outside of your retirement accounts

[00:12:53] Assets classes for financial freedom investing:

1. Investing in the stock market
2. Investing through real estate
3. Investing through business

Notable Quotes

• I’m not hating on spending money; I think spending money is amazing. Every spending decision that you make shapes your life, but when so much pleasure and worthiness and satisfaction comes through the process of acquisition and wealth and spending money on things, it's unconsciously reinforcing the narrative that we're being taught that's shoved down our throat: Work at this job that you don't really care about, and don't find your unique value in the ways that you love to.
• In financial freedom investing, you just have to throw a bomb and all of that and think to yourself, “Okay, there have got to be more interesting ways for me to use my money and live my life today, right now, so that I'm not on this hamster wheel and I'm not prescribed this way of living.”
• We have to infuse our lives and planning with resourcefulness, creativity, and entrepreneurship.
• We have to start to bus some of these standard narratives around money in these cultural myths that we've all been blindly living by to start to think about, “How can I reallocate my resources today to start to create income streams , to give me the freedom that I need and want  to be able to live the life t

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I have a very special episode for you today because I am taking my wealth building masterclass that I have delivered over the past two days, and I am putting it on my podcast. Live for you to eat up all the amazing content that I've been teaching over the past two days.The reason why I'm doing this is because I got such a great response from you.

In this masterclass I had so much great feedback on how it really helped you understand the process to build wealth without restriction and with ease.

Now, before you listen to this masterclass,  I want to let you know a very exciting announcement in that is that the doors to my Holistic Money Program, my signature money program opened on January 17th and I will be accepting new students into my program until January 26. The Holistic Money Program is the place where I'm going to work with you for one full year on helping you move through the four financial phases to get to the freedom phase.

I'm going to be covering all the juicy details of my Holistic Money Program in this masterclass. Make sure to listen to the end so you can hear everything that you need to know.

If you already know that this is the program you want to be in this year, to reach your financial freedom goals, then join me.

Go to www.holisticmoneycourse.com to enroll immediately and get started on your financial journey. As soon as today, I can't wait to see you there.  

I hope you enjoy this masterclass.  

Key highlights

[00:00:00] Introduction to today’s topic: Introduction to the MasterClass

 [00:03:25] Whitney’s Journey

[00:04:25] Are you in the right place?

[00:07:01] The process of the MasterClass

[00:08:03] Step 1: Never Budget Again

[00:11:38] What is a Money Map

[00:19:40] Step 2: Determine your 2023 Goals

[00:20:21] The 4 Stages of Wealth Building

[00:31:40] Step 3: Guaranteeing your financial success

[00:39:49] Introduction to the Holistic Money Program

[00:51:13] Q&A about the Holistic Money Program

Enroll in the Holistic Money Program here

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In this podcast, you’ll learn the major difference between budgeting and building wealth because contrary to popular belief, they’re not the same thing!

I’m going over all the ways budgeting can be a limiting experience and exactly what to focus on instead (it’s only 2 things) in order to build wealth.  

Enjoy!

Key Highlights

[00:00:00] Introduction to today’s topic: The Major Difference Between Budgeting and Building Wealth

 [00:00:58] What building wealth means for me

[00:02:40] What is budgeting?

[00:05:39] What is building wealth?

[00:08:09] Steph Douglas as an expander for me

[00:08:58] The right mindset for building wealth

[00:12:20] What to focus on during wealth building

[00:13:17] Step-by-step path on how much money you’re putting toward your present and future self

[00:14:18] Amount of satisfaction you derive from the money that you put towards your present life versus money towards your future vision

[00:16:18] Building wealth Masterclass on January 17th, 18th and 24th

Notable Quotes

• Truthfully, if I'm going to build the life I want for myself, I'm not going to use my past as the guiding principle to establish and create the future that I want for myself; that's a completely different exercise. If I'm going to build the life I want, and I want to be intentional with my money, I'm going to step into the future version of what I want for my life, and I will make decisions from there.
• Building wealth gives you freedom because when you have multiple income sources that you can build and maintain, it means that your income is not directly dependent on your current work power, your current energy, or your actions today in this very moment because you have multiple income sources that you've figured out how to work for you and make money on your behalf so that you don't always have to have your direct time making money because your money is making you money.
• Here is what I want all of you to know; I want you to know that freedom with money is very, very possible.
• I just want you to know that finding your stuff and looking around at people building financial freedom in their lives is incredibly motivational, important, and inspirational to your wealth-building journey because unless your brain thinks it's possible, it's not going to do so it.
• It feels really good when you know your ultimate goal is freedom and that you are on the path to getting there.
• You got to have a strong enough connection to the vision for your future self that when you're putting money towards that vision, you are deriving pleasure from it today, even though you don't have it yet.
• You have to let go of this idea that you need to be budgeting and categorizing expenses and feeling overwhelmed with your money, you got to let all that go, and you got to step into this future vision for yourself.

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In this week’s episode of The Holistic Money Podcast, I am diving into the 4 main money blocks (or disempowered money mindsets) that prevented you from hitting your goals in 2022 and exactly what to do to shift them. You definitely want to leave these blocks behind in 2022.

I guarantee if you are not where you want to be financially, you will see exactly why in this episode.
​
Listen on Spotify or Apple podcast.
Key Highlights

[00:00:01] Welcome to 2023, and details about the Money Mapping Masterclass

[00:04:01] Disempowered money mindset number one: Thinking that building wealth means cutting back.

[00:09:58] Disempowered money mindset number two: You think that you don't have enough money to build wealth.

[00:14:42] Disempowered money mindset number three: You think it's too late for you to build wealth

[00:18:50] Disempowered money mindset number four: You think in order to build wealth, you just need to earn more.

Notable Quotes

• Wealth building is not about cutting back; wealth building is actually about having more of what you want in your life. It's about getting clear on your financial priorities and what will help you have more freedom, more ease, and less worry with money, and that is what wealth building is.
• Budgeting is not what helps you build wealth; what helps you build wealth is getting clear on what you want more of in your life and learning to be in a relationship with the having of money, with the having of wealth. So it's not an exercise of restriction; it's an exercise of expansion by learning to extract value from the money you have in your bank accounts, not only learning to extract value from the money you spend on stuff.
• When the leading thought that you always have in your brain is that, “I don't have enough money.” When your brain is addicted to seeing that as the reality of your life, you will continue to create that as the reality of your life.
• To have a relationship with money that isn't dictated by scarcity and fear and not enoughness, you've got to break your addiction to this belief about yourself that you don’t have money. You have to start trying new narratives about money, your ability to earn money, the amount of money you have, and how you care for it.
• I believe in human resourcefulness. I believe there are so many different paths to financial independence and financial freedom. Starting to save and invest for your financial future in your early 20s is one way to build wealth and achieve financial freedom, but there are millions of other ways you can do this; it doesn't have to be that specific way.
• Getting 1% better every day is what we work towards here at Holistic Money; we work on incremental financial change to get to where you want to go.
• If you do notice a little bit of shame about your lifest

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I spend a lot of my time talking with other people about how they should manage their money but today, I’m turning the tables! In this episode, I am going to let you into the intimate details of my financial life, and explain in detail where I plan to focus my time, money and energy in 2023. 

I cover a lot in this episode, including the 4 financial phases of wealth building, how to identify which phase you are currently in, and key  strategies to move from one phase to the next. Additionally, I will dive into our 2023 money plan, including specific goals and budgeting strategies to help us achieve financial success in the coming year. 

Key Highlights

[00:00:50] Reasons why I’m doing this episode

[00:01:52] Context on the different phases I went through on my financial journey to get to where I am today

[00:02:30] Survival Phase

[00:04:24] Foundation Phase

[00:06:13] Growth Phase

[00:08:25] Accelerated Wealth-Building Phase

[00:12:56] An overview of our current financial situation

[00:15:34] Our 2023 money plan

Notable Quotes

• If you were to tell me seven years ago that I would be sitting here in front of a microphone, telling the whole world about the intimate details of my financial life, I would probably want to run and hide and crawl under a rock because I had a lot of shame around my finances.
• So many people feel like they have to live behind a curtain and hide their finances from other people, which is very harmful to us. That's very harmful because we don't get the help we need when we need it, and we don't get to celebrate our growth when we have it simply because of this stigma around money.
• I will tell anyone who is in the survival phase right now the first thing that you want to do is just to figure out how to not live on credit cards every single month.
• It's very important to make sure that you are past the survival and the foundation phase before you start to get heavily into investing your money because what can happen if you don't have a strong foundations phase and, let's say, you get laid off, or you have a big emergency. You don't have enough money in your emergency fund; you must start selling off your investments to pay for your living expenses.
• If possible, I want to give you a little spark to the freedom phase. It just takes believing it's possible and remembering that more opportunities for more money will not create more problems for you.
• When I'm looking at creating a money plan for myself, I always have one main focus: putting my time, energy, and resources behind me.
• Allow yourself to identify which financial phase you are in and what you need to do to take the next step to get to the next phase. Allow yourself to exclusively focus on that thing because when you try to take on too many financial goals at one time, you dilute your resources across too many goals, and you don't get very far on any one goal. You never get out of the current phase that you're at.

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Before we get into today’s episode, I want to update you all on all the amazing financial resources I have in store from the Holistic Money Podcast in 2023. I am teaching a money masterclass, Money Mapping, in January, where I will teach you the four steps to make sure 2023 is your best financial year yet. Shortly after that, The Holistic Money Course, my signature program, opens for enrollment. This course teaches you my no-budget philosophy, how to set it up, how to get it automated, and how to change your relationship with managing money, so it stops acting like this thing that you should be doing and just becomes a natural part of your life.

Additionally, you're also going to get one year of weekly money coaching with me. So not only will you have the plan set up, but you'll also have the accountability, the coaching, and the continued financial education over one full year to execute this consistently month-over-month and make great financial decisions.

Now, in today's podcast, I'm going to dive in on my no-budget philosophy. I want to talk with you about how I avoid budgeting altogether, why it's never worked for me and what I do instead, so you have a stronger sense of what I mean when I say my no-budget philosophy. I do not budget, I don't have a spreadsheet that I reconcile at the end of the month, and I don't have budgeting apps. I have a highly-organized, highly-effective automated money plan that reflects the financial future I want for myself, and every account is automatically filled with the exact amount of money I want to spend every month. I am held accountable for my money plan, not the other way around. So please stay tuned and remember to subscribe to the Holistic Money podcast for resourceful podcasts that will guide you to your financial freedom!

Key Highlights

 [00:00:01] Updates for 2023

[00:01:14] Introduction to today’s topic: No-budget philosophy

[00:02:45] Why money management is important to your financial future

[00:04:55] Why I ended up creating a money management system

[00:09:34] What is a money map?

[00:09:50] Three different accounts that your money can be: Lifestyle, savings and investment, and the sub-categories

[00:20:33] Why I like to break up my savings accounts among different accounts

[00:25:21] The Free Money Map training

Notable Quotes

• I don't have to spend time reconciling budgets or deciding whether cat food goes in the animal or grocery store budgets; I don't think about any of those things. I keep my planning very simple; it's very streamlined, so streamlined that sometimes it can be a bit confronting because there's no hiding from my financial goals.
• Without strong money management skills, you will never build that savings account; you will never build that investment account. You will never use your money strategically to create more income for yourself, so you have more freedom.
• if you don't have savings and invest

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In this episode, I am continuing to explore my biggest mindset breakthroughs since I took my net worth from no savings and $40,000 in debt to seven figures in just seven years. By the end of this episode, you will find  ways to help you shift the way you think about money, and start to recognize how important that is to your financial journey. Remember, wealth building is 98% mindset and 2% strategy. 

Key Highlights

[00:01:32] Mind shift number one: More money is more freedom.

[00:06:01] Mind shift number two: Investing money consistently is equally as important as paying my mortgage.

[00:09:08] Mind shift number three: There is always an opportunity with money, even in a recession.

[00:13:37] Mind shift number four: Spending money isn't nearly as fun as financial freedom.

[00:16:48] Mind shift number five: There are no rules, only nice suggestions.

Notable Quotes

• I had a lot of work to do in my relationship with money. I did not grow up around money; I did not grow up in a household where money was fun, expansive, or creative or where there was any kind of freedom with money, I grew up in a household where money was scary and restrictive and based on a lot of fear, so I had a lot of growth to do over the past seven years in my relationship with money.
• More money is not more problems; more money is not more grimy, hard work, and less fun; more money is more freedom.
• Historically speaking, I can't tell you what will happen in the future. Still, there are about 120 years of evidence from the previous performance of the stock market, and the market is always rebounded.
• A  financial opportunity is always available to us, and it's just whether or not we're conditioned to look for it.
• Now that I am in a much different financial situation, I have much more money that I could spend. I actually don't like to spend nearly as much as I used to, and it is fascinating to see that the more money I have, the less of it I like to spend on stuff.
• I have so much less stress in my daily life because of how I think about buying stuff versus freedom, and I like that.
• There are a lot of money rules out there, but look, all of those things are just simply nice suggestions. You have to be able to look at your life; you have to be able to look at your potential; you have to decide what you are capable of and go with that and trust yourself even if it means you break some money rules. Refrain from being limited by money rules, so much so that you miss opportunities around you.

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“I genuinely believe money is so much more than just numbers in your bank account, it's also the way that you relate to those numbers in your bank account, the way that you relate to money, the way that you relate to yourself.”

When I first talk with my clients about money mindset or their relationship with money, most of them have no idea what I am talking about. Most of us aren’t even aware we have a money mindset or a relationship with money. Instead we simply believe the world works in a very specific way with money.

You may believe that making money is hard. You don’t have enough money. Rich people are tacky. It’s rude to talk about money. The list goes on.

Depending on who you are, which generation you were born, where you were raised and by whom you will likely have different thoughts about money, how it should be used, and what is “right” and what is “wrong” in all aspects of money. Most of your foundational beliefs about money and wealth were developed at a young age, however, they are continuously being shaped over time through your experiences. 

In the first ever Holistic Money Podcast Episode, you are going to learn what money beliefs are, how to identify your personal money beliefs and how these beliefs are creating your results. Enjoy!

Key highlights

[00:00:00] Introduction to The Holistic Money Podcast and how it came to be

[00:01:48] How childhood shapes your money mindset

[00:02:49] Lessons we’ll get from the Holistic Money Podcast

[00:04:05] Today’s topic: Money Mindset

[00:13:08] Whitney’s advice to clients

Notable Quotes

• So it's not that I didn't know much about money for a long time, but I was helping people with their money for a long time when in reality, in the background, my finances were a mess.
• I felt like a fraud. Even though I knew a lot and could help people with money, I just felt like a fraud because I wasn't practicing what I was preaching.
• That's the genesis for my business: I believe money is not just about numbers in your bank accounts; it's not just about retirement calculators and investment returns; money is also an avenue for personal and spiritual growth. It is a way to understand yourself, know yourself more deeply, love yourself, and grow in your life.
• Money is so much more than just numbers in your bank account; it's also how you relate to those numbers in your bank account, how you relate to money, and how you relate to yourself.
• The ripple effect of the growth that you're going to experience with money will extend much further than your net worth or the amount of money you have in your bank accounts. It will impact your whole life, relationships, sense of security, and confidence.
• Your money mindset is the narratives running through your head; it's the stories that you tell yourself, the predictions for your future, and the way that you think about your past. All of that makes up your money mindset.
• Your money mindset was also developed from your experiences with money and your family and how your family talked abou

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“You want to get 1% better every single day and the only way you get to do that is if you drop the judgment and you allow [Money] to be not only a financial growth exercise, but also a personal growth exercise.”

“I should be further along”

“My finances are a mess”

“I don’t have enough money”

Sound familiar?

If so, you aren’t alone. You are one of the many people that experience judgment and shame around money. Judgment and shame thoughts with money are tricky because we believe we need to shame and judge ourselves in order to do it differently next time. But these thoughts elicit quite the contrary and are actually one of the main blockers in your financial journey.

In this episode, you will learn how to move the shame and judgment you have around your finances. You’ll learn why you are at the perfect point in your financial journey and learn how to redirect the time you spent judging yourself into something more nourishing and beneficial for your growth and financial future.

Key highlights

[00:00:03] Introduction to today’s topic: Money and judgment

[00:04:24] How to process shame and judgment with money

[00:07:48] A new way to think about your money

Notable Quotes

• The reason why I love going to these Enneagram knights is just because I really get to learn so much about other people without the judgment of needing to be like them or be different from them, that I traditionally will experience
• When we have a lot of judgment around ourselves with money, it really blocks us from getting to know our money better, it blocks us from getting to know ourselves better.
• Your judgmental voice around your current financial situation or your past financial decisions is what prevents you from actually really getting to know them, understanding them at a deeper level, having compassion and respect for them and then learning and growing from them and making new decisions moving forward. All it does is it makes you not want to be in a relationship with your money, it just makes you want to avoid your money and put it on the backburner.
• What shame and judgment does is it locks you from really seeing where you are.
• Another thing that really happens with judgment is it really prevents it prevents you from getting to know yourself better, 
• I really believe that removing judgment and shame around your finances is really just an exercise in loving yourself more deeply. And I also believe that when you love yourself more deeply, your net worth goes up.
• That's what I really try to help my clients do as it relates to their money, is to break through those judgment and shame narratives, so that they can see what's actually behind that.
• Every financial decision that you made in the past is perfect. Your starting point today is the perfect place to be because it's where you are, and anytime you spend arguing with that you are wasting time.
• The mindset you want to build your financial future on is unconditional love, your commitment to personal growth, your commitment to financial growth, and getting bet

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What is your mindset about wealth? Are you amongst the many people with unreal limitations and barriers to money? 

Money is simple and is never a problem. So, what do you think about money? 

"One of the most interesting problems we are solving as humans is how to most efficiently and effectively use our scarce resources?"

There is no shortage of information to tell you what to do with money, but teaching you how to think and feel about money even when you are wealthy is essential. And that is the secret source of this episode.

Indeed, wealth is about your mindset; in this episode, you will understand how to actualize the secret sauce! 

Key highlights

[1:01] Background of Whitney's wealthy mindset

[4:04] Mindset Shift 1: If she/he/they can do it, so can I

[6:41] Mindset Shift 2: Money is never a problem

[08:28] Mindset Shift 3: There are no dumb money questions

[10:29] Mindset Shift 4: Indecision is where dreams go to die

[12:10] Mindset Shift 5: Where I focus my time and energy with money matters

[16:01] What matters?

Notable Quotes

• Have a mindset shift that says, if someone can do it, you also can.
• The truth of life is shit happens, and life happens. So, always remain positive in your belief about money.
• Indecision is where dreams go to die.
• Financial freedom is fun. Essential Money Management helps to focus on high-value thought cycles with money.

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