Mind Money Soul

In this episode of the Mind Money Soul podcast, I'm going to be sharing the difference between having a wealthy mindset and a rich mindset.

Now, you might hear the words 'wealthy' and 'rich' and think they mean the same thing, but when it comes to mindset there is a HUGE difference. I'm going to be breaking down why you want to be adopting a wealth mindset if you want to create a life of financial freedom and happiness. The first step is identifying what wealth means to you and getting really clear on your why. If your answer is 'freedom', what does freedom mean to you? Sometimes we throw out answers that are fluffy and intangible, but we don't actually know what they mean for us. For example, when I think about my version of wealth in the short term, it means being able to travel with my business, grow my investments and afford to live in London whilst still being able to afford to explore the world. My long term idea of wealth is working less, travelling more, being able to look after my health and prioritise wellness, choose how I spend my time, live a certain level of luxury and have financial stability.

When you have a rich mindset, the focus is on money, materialistic things and numbers, but when you have a wealth mindset, the focus is on health, time, freedom and the ability to choose. Materialistic things fade; it's ok to want them but if this is your only goal you're not going to feel fulfilled. Money can't buy you friendships, love, family, experiences; spending your money on things and items doesn't last or satiate. Having the habits and rituals of a wealthy mindset will build your wealth over time and create a life financial freedom.

In this episode:

• How to identify and break down what wealth means to you
• What a rich mindset looks like
• What a wealthy mindset looks like
• How to apply a wealthy mindset to your business and life
• The value of investing and how to create your dream life
• How to reverse engineer your big happy goals with a wealthy mindset

🎙️ Your host: Laura Ann Moore

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In this episode of the Mind Money Soul podcast, I'm going to be sharing what to do if you feel like you don't have enough money to start investing.

People say to me ALL the time: "I want to invest but I don't have enough money". Now, this is very subjective because one persons "I don't have enough" is another persons "wow, what a lot of money!" I bet that most of you (except those of you who are budgeted down to the penny) have a little bit of money in your monthly spending allowance that you can use to invest. I guarantee that somewhere you are accidentally wasting money. When I say 'wasting', I mean a combination of spending mindlessly, not being savvy or not paying attention, for example wasting money on subscriptions you don't use. Even if it is £20 a month, this money can make all the difference to your financial future.

Investing isn't about waiting for lots of money to invest. It's about getting started with what you already have, taking time to get to know your finances by having monthly money dates, and using this knowledge to find money to invest. Most importantly, you want to do this in a way that is judgement free. Why? Placing judgement on your finances is one of the worst things you can do - it creates shame, embarrassment and guilt. You can't shame yourself into better habits, you have to love yourself there. So, if you've been wasting £20 on a gym membership you're not using, don't judge yourself! Shift your mindset and flip it into a positive. You now have £20 to invest and this is just the beginning of building wealth for your life and creating financial freedom. How exciting!

In this episode:

• Why you should start investing, even if you have just £10
• The impact of investing £20 over 30 years
• How to identify where you are accidentally wasting money
• The importance of having money dates and being judgement free
• How cutting back can help us. get started with better financial habits
• How to adopt an empowering mindset by making conscious choices
• 3 ways to make more money so you can invest

🎙️ Your host: Laura Ann Moore

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Thank you for listening to this week's episode of Mind Money Soul. If you loved this episode, pay it forward by sharing it with a friend or tagging @laura_ann_moore on Instagram.

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In this episode of the Mind Money Soul podcast, I'm going to be sharing the cost of your dream life.

It might be easy to feel like your dream life is way off. Perhaps it feels overwhelming to think how you'll actually achieve it, but it might not be as far off as you think. Humans have a tendency to over-inflate and under-inflate in the wrong places. It's similar to how we overestimate what we can do in a day, but underestimate what we can achieve in 5 years. When you apply this concept to your dream life, you'll quickly learn how it could be just around the corner if you take the right steps to get there.

The crux of it is; saving is for the short term, but investing is for the long term and THIS is what is going to help you create your dream life. No one ever got a rich lifestyle just from saving, you HAVE to be investing. With investing, you can get to a point overtime where you've created passive income. Imagine this: your money continues to grow whilst you use some of it to live your dream life, until you're ready to take a step back from work and you can retire and live of your investments as a full time income. Putting math and strategy behind your dream life is fail safe. You have to know what you're working towards. Why? If you aim at nothing, you're going to hit every time. Tune in to today's episode and take part in the fun exercise to uncover how you can live your dream life. DREAM BIG!

In this episode:

• How to work out what your dream life looks like and will cost you
• An example and breakdown of what you'd need to live a 10K month dream life
• How to make your money work FOR you so you can live your dream life
• Why you need to be investing if you want to be financially free

🎙️ Your host: Laura Ann Moore

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Thank you for listening to this week's episode of Mind Money Soul. If you loved this episode, pay it forward by sharing it with a friend or tagging @laura_ann_moore on Instagram.

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In this episode of the Mind Money Soul podcast, I'm going to be sharing what to do if you're scared to start investing.

I've had a lot of conversations with 'finance bros' who just talk at me, but recently I had a conversation with a guy who did a really good job at explaining crypto. Initially, I dismissed it, but the more he explained it to me and I gained an understanding, the more I was open to exploring it. It made me realise that the way I initially reacted with fear, is the way a lot of people in my community feel about investing. It's this reaction of "I'm scared, I don't understand it, I don't want to talk about it and therefore it's not for me!"

This conversation and reaction inspired me to record an episode on how to navigate fear when you're scared of investing. Knowledge is power, especially when it's put into action. You can't just mess around and hope that one day your finances will sort themselves out. It's important to find out what fuels you in life. Why do you want money? What does wealth mean to you? What does freedom look like to you? You can use this to fuel and drive your motivation to learn. This can be your North Star to guide you to get started with investing. Learning how to work through, reduce and act upon your fear is going to help you create your dream life and actually build wealth.

In this episode:

• How to uncover what's behind your fear of investing
• What do do if you're scared of investing because of 'losing money'
• What to do when you hear horror stories about investing
• What to do if you're scared of investing because you don't 'know enough'
• Why you don't need loads of money to start investing

🎙️ Your host: Laura Ann Moore

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Thank you for listening to this week's episode of Mind Money Soul. If you loved this episode, pay it forward by sharing it with a friend or tagging @laura_ann_moore on Instagram.

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In this episode of the Mind Money Soul podcast, I'm going to be sharing the 3 mindsets that you need to have to be a successful investor.

Your mindset is the foundation for everything you do in life. When it comes to building wealth, you won't get very far without understanding, embodying and mastering the following mindsets; patience and consistency, embracing risk and adopting an abundance mindset. Patience and consistency are vital because the magic of compound interest depends on time. It's simple, you can't rush something that needs patience and strategy to grow. Embracing risk is crucial. No one ever got rich just from saving! Our mind is trying to protect us from the unknown and whilst it might feel like saving is providing you with financial stability, taking no risk at all can really limit building wealth and long term financial growth.

Adopting an abundance mindset quite literally has the power to transform your life. It's about shifting your mindset to view investing as opportunity to create your dream life. People who are financially independent, build wealth and invest think about their long term goals, have mastered these 3 mindsets and put their money to work for them. So, if you want to begin thinking like an investor, become financial independent and achieve your big happy goals, tune in!

In this episode:

• 3 mindset shifts you need to become a successful investor
• Why patience and consistency are the recipe for success
• Why taking no risk is the biggest risk of all
• The importance of building an abundance mindset
• Why you lose time and money when you leave your money in savings

🎙️ Your host: Laura Ann Moore

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Thank you for listening to this week's episode of Mind Money Soul. If you loved this episode, pay it forward by sharing it with a friend or tagging @laura_ann_moore on Instagram.

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In this episode of the Mind Money Soul podcast, I'm going to be sharing my four step method to money mindset mastery.

Today's episode is slightly different as I'm sharing a recent conversation where I was interviewed by Anita Anello, a fellow business owner, coach, successful software executive and mom dedicated to helping women enjoy more time, money and freedom. We dive into all things money mindset, your relationship with money, financial freedom and understanding your financial habits.

I'm a big believer that the way you think and feel about money will be your reality with your money. All the decisions that you make about money come from a place of emotion which we then justify with logic. We all have a money mindset (the unique beliefs and attitudes you have towards money that impact the way you earn, save and spend money) and we all have a money story (your belief system made up of individual, societal, religious, cultural and generational beliefs). These both shape the way you view money and how it works in the world. It's important to remember that you have the power to change your money story and cultivate a positive, empowering and abundant mindset. Tune in to today's episode for my 4 step method…

In this episode:

• How to understand your money story and money mindset
• The psychology of money: why money is emotional
• The difference between growth mindset vs. fixed mindset
• Your relationship with money: survival, spending and success
• Step 1: Bring awareness to your money story, get curious!
• Step 2: Believe that you can change, acquire a growth mindset
• Step 3: Change your language around money, it's powerful
• Step 4: Techniques to build and strengthen your abundance mindset

🎙️ Your host: Laura Ann Moore

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Thank you for listening to this week's episode of Mind Money Soul. If you loved this episode, pay it forward by sharing it with a friend or tagging @laura_ann_moore on Instagram.

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In this episode of the Mind Money Soul podcast, I'm going to be sharing how you can create your dream life. We're celebrating the 100th episode of Mind Money Soul!

In line with this milestone, I decided to go through some of my old journals from the past decade. It was wild (and emotional) to reflect on my journey and I wanted to share my 10 biggest lessons in the hope that it reminds you just how possible it is to have WHATEVER you want, even if right now it doesn't feel achievable. I'm a big believer that no matter who you are, you can create your dream life. We were given dreams for a reason. If you have a dream and you can imagine it, then you can have it. Everything gets created twice, first in our mind and second when you put it out into the world. The version you have in your mind is important, it's powerful and it's possible.

If you really want something, you can change your life. If you work hard, use your willpower, practise discipline, try different things and embody that future version of yourself, one day you'll find you're living your initial dream. This is why being present is so important. Time is going to pass anyway, so why not try and create the life you want, go after your dreams and embody that version of yourself, because along the way you're going to hopefully enjoy the journey and find that you've created a life for yourself that is bigger and better than you ever imagined.

In this episode:

• Celebrating our 100th episode of Mind Money Soul
• Top 10 reflections and lessons from my old journals
• The power of big thinking: how to create your dream life
• The world is abundant, you can have ANYTHING you dream of
• Mindset, motivation and inspiration to help you achieve your dream life

🎙️ Your host: Laura Ann Moore

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Thank you for listening to this week's episode of Mind Money Soul. If you loved this episode, pay it forward by sharing it with a friend or tagging @laura_ann_moore on Instagram.

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In this episode of the Mind Money Soul podcast, I'm going to be sharing exactly what to do if you're struggling to hit your financial goals.

We all go through ebbs and flows of staying on track towards our big happy goals. One moment you could feel like the ultimate savings Queen and the next minute you could be splashing the cash like there's no tomorrow without absolutely no motivation to save. Take it from me, I've been saving on and off for over 14 years. Since I was 16, I've gone through amazing periods where I've felt unstoppable and other times where it's felt really tough.

I'm almost certain that you too can relate to the highs and lows of saving. Maybe you are playing small and not saving consistency. Maybe you are self-sabotaging and constantly dipping into your savings. Maybe you keep overspending and have nothing left to even save. All these things will leave you feeling like you're not progressing towards your goals. So, today I'm sharing my top 5 tips to help you stay motivated towards your financial dreams and aspirations, including how to identify your issues and goals, how to get emotionally connected to them, and the practical actions to save and track your progress.

In this epsiode:

• Why you might be struggling to commit to your financial goals
• My top 5 tips to help you stay motivated towards your big happy goals
• The importance of becoming emotionally connected to your goals
• How to identify if your self-sabotaging behaviour is hindering you
• How to become more consistent with your savings
• What to do if you're overspending each month
• How to successfully save towards your financial goals

🎙️ Your host: Laura Ann Moore

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Thank you for listening to this week's episode of Mind Money Soul. If you loved this episode, pay it forward by sharing it with a friend or tagging @laura_ann_moore on Instagram.

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In this episode of the Mind Money Soul podcast, I'm going to be sharing how you can fluctuate and transition between spending and saving and what you can do to find balance.

You'll go through phases in your life where sometimes you'll be spending more than you're saving, and vice versa, depending on where you're at in your life, your goals and priorities. I don't know about you, but right now, it's summer 2024 and I can safely say I'm in my spending era. I'm having a good time, making memories, enjoying my money and living my best life. That said, I'm a big believer that you can always return to a healthy balance between saving, spending and investing.

When it comes to finding balance, it can be so easy to fall off the wagon and even easier to beat ourselves up about it, but we can't shame ourselves into better habits. When it comes to the question "how much should I be saving and spending", there is no right or wrong answer and it's going to look different for everyone. You can gain clarity around what balance means to you by reverse engineering and mapping out your financial and big happy life goals. It's important to remember that spending money is always going to be a part of living your life, but it's not healthy to live pay check to pay check. As much fun as you can have spending your money, the stress of not having money saved or invested can be greater and cancel out the fun. This is why the balance is so important; ensuring that you're continually feeding your emergency fund, and that you'll be safe and secure if you ever were to lose your income, but also saying yes to opportunities and living life to the fullest.

In this epsiode:

• Why you can fluctuate between a spending and saving era
• What it looks like to be in a spending era in summer 2024
• What should you do be doing with your money?
• How to find a healthy balance and step back into saving and investing
• Find your motivation and gain clarity on your big happy life goals

🎙️ Your host: Laura Ann Moore

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Thank you for listening to this week's episode of Mind Money Soul. If you loved this episode, pay it forward by sharing it with a friend or tagging @laura_ann_moore on Instagram.

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In this episode of the Mind Money Soul podcast, I'm going to be sharing the top 5 ways to make free money.

Who doesn't love free money?! In this episode, I dive into some smart ways to get the most out of your money, starting with the Lifetime ISA. Find out how you can get free cash from the government just by opening a Lifetime ISA, and learn about its perks and limitations. I also reveal a key industry secret: the benefits of a Stocks & Shares Lifetime ISA, and why it's a great tax-efficient way to save and grow your money.

Tune in as we explore various other money-making strategies. Learn how to boost your finances using referral schemes, and discover cashback and reward sites and apps that let you earn money while you shop. Yes, you heard that right—you can actually get paid to shop online! I also talk about the importance of paying into your workplace pension and how switching your current account, banks, or utility providers can score you up to £200. So, if you're looking to make some extra cash, don't miss this episode!

In this epsiode:

• Why you should open a Lifetime ISA
• How to utilise cash back and reward websites - get paid to shop!
• Why you're missing out if you're not paying into your workplace pension
• Earn up to £200 by switching your current account, bank or utility provider
• How to make the most out of referral schemes

🎙️ Your host: Laura Ann Moore

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Thank you for listening to this week's episode of Mind Money Soul. If you loved this episode, pay it forward by sharing it with a friend or tagging @laura_ann_moore on Instagram.

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