In this episode Ruth Parkinson Thrive Finance Coaching and Sara Maxwell Wealth Coach, discuss how to change your approach to the part money plays in your life, they recount their own money beliefs and how they evolved them, and share some exercises to use to help you approach money more creatively and holistically - for example Sara’s EDGE model and money visualisation. 

Money in itself doesn’t do anything. Only we as individuals have the power to integrate money with our lives, so that it’s in line with our values, interests, ambitions and energy.  Money can’t buy happiness, but we can shape lives that make us happy and use money to facilitate that.  

Ruth Parkinson www.thrivefinancecoaching.org.uk 

Sara Jane Maxwell www.wealth-coach.co.uk 

Powerful questions to ask yourself about money:

I feel …. about my finances

I use money to ….

I buy things when ...

I save money for ….

People who make money are …..

In my family money meant ……

Being in debt is …..

Being financially prudent feels ….

Having enough money means ….

When I talk about money I ….

Best money habit ...

Worst money habit …

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In this episode Vanda and Ruth talk about the concept and practicalities of personal debt.  Debt can be such a burden for many people and so difficult to talk about. So in this episode we take a step back and unpick debt in a bit more detail - what exactly is debt, the social attitudes and norms that exist around it, what are the different types of debt, and we finish by sharing tips to manage debt and the stress that it can cause.  

Helpful tools and calculators

StepChange Debt Charity Debt Remedy Tool (England only): https://www.citizensadvice.org.uk/debt-and-money/debt-solutions/debt-remedy-tool/

The National Debtline charity: https://tools.nationaldebtline.org/yourbudget/

Credit card repayment calculator:   https://www.moneysavingexpert.com/credit-cards/minimum-repayments-credit-card/#calc 

Student loan repayment calculator: https://www.moneysavingexpert.com/students/student-finance-calculator/

Debt-to-income ratio: https://www.experian.com/blogs/ask-experian/how-to-calculate-your-debt-to-income-ratio/

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Today Cath and Vanda are discussing the link between money and what we see at ethical. Not just the way we spend money but also how we earn, save and invest.

Link to The Guardian - millennials' attitude to employment

https://www.theguardian.com/sustainable-business/2015/may/05/millennials-employment-employers-values-ethics-jobs

Link to the Which article - how you pension can save the planet

https://www.which.co.uk/news/2021/03/how-your-pension-can-save-the-planet/?utm_medium=Email&utm_source=ExactTarget&utm_campaign=4062262-c_sus_em_180421 

Cath: www.turnstonefinancialcoaching.co.uk

Vanda: www.vsfinancialcoaching.co.uk

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In this episode, Sara and Rosie explore the topic of income growth through the lens of tuning into the value you bring to the table.

How you create value for others is such a crucial factor for attracting clients and customers, as well as securing a new job or promotion. Here, we discuss some tips for how to get to grips with articulating your current value to others and what you can do to boost it further.

Contact Sara: wealth-coach.co.uk

Contact Rosie: themoneyjam.com

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In this episode, Sara and Rosie introduce the distinction between having an investor mindset and having a consumer mindset - and how either one can influence our financial behaviours.

Are there merits to tapping into both to be able to find a better balance? Listen in on the conversation and take the chance to tune in to where you're at right now and whether you want to make a change.

Contact Sara: wealth-coach.co.uk

Contact Rosie: themoneyjam.com

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In this episode, Ruth and Cath explore some of the major changes in our lives, planned and unplanned and what these might mean for our finances. They discuss different philosophies of change and what they mean for us and how we handle them. Some practical tips on handling both the emotional and the financial aspects of change. 

Bank Of England report ‘How Covid has affected household savings’ Nov 2020: https://www.bankofengland.co.uk/bank-overground/2020/how-has-covid-affected-household-savings

The Money Charity stats on household savings (2018): https://themoneycharity.org.uk/money-stats-almost-10m-with-no-savings/

Interesting Guardian piece on furlough numbers

https://www.theguardian.com/uk-news/2020/nov/03/number-furlough-workers-uk-double-england-lockdown

Interesting Guardian piece on Career Plan Bs: https://www.theguardian.com/money/2020/dec/05/people-are-craving-something-more-is-it-time-to-embrace-your-career-plan-b

And this fantastically useful advice piece from Oliver Burkeman: https://www.theguardian.com/lifeandstyle/2020/sep/04/oliver-burkemans-last-column-the-eight-secrets-to-a-fairly-fulfilled-life

Change mindsets

Carol Dweck’s ‘growth’ mindset: 

https://uk.bookshop.org/books/mindset-updated-edition-changing-the-way-you-think-to-fulfil-your-potential/9781472139955

More about the Stoicism:

How to be A Stoic (Massimo Pigliucci) https://uk.bookshop.org/books/how-to-be-a-stoic-ancient-wisdom-for-modern-living/9781846045073

The Daily Stoic: https://dailystoic.com/

Cath Longhurst

Turnstone Financial Coaching - www.turnstonefinancialcoaching.co.uk

Ruth Parkinson 

Thrive Finance Coaching - www.thrivefinancecoaching.org.uk

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In this episode Sally and Ruth chat about retirement from their own perspectives  - Sally as someone in the midst of thinking about future options and Ruth with retirement less than 10 years away.  They discuss how attitudes to retirement have changed in the last 40 years, unpack state, occupational and personal pensions, and offer practical advice on the emotional and financial planning that people of all ages can do to prepare for a financially secure and happy retirement.

Resources mentioned in this episode

Joseph Rowntree Foundation Poverty Report https://www.jrf.org.uk/report/uk-poverty-2019-20

Stats on auto enrolment: https://www.nestinsight.org.uk/the-real-impact-of-phased-auto-enrolment-contribution-increases/

HMRC pension and NI calculations can be accessed here:

https://www.gov.uk/check-state-pension

https://www.gov.uk/guidance/hmrc-tools-and-calculators

NB you’ll need a Government Gateway account/login.

Which retirement income calculator: https://www.which.co.uk/money/pensions-and-retirement/starting-to-plan-your-retirement/how-much-will-you-need-to-retire-atu0z9k0lw3p

Two additional retirement income calculators from pension providers:

https://www.pensionbee.com/pension-calculator  https://www.aviva.co.uk/retirement/tools/my-retirement-planner/

Your Retirement Salary (Dyson and Evans 2019) 

https://uk.bookshop.org/books/your-retirement-salary-how-to-use-your-lifetime-of-pension-savings-to-pay-yourself-an-income-in-your-retirement/9780857195678

A long read….but gives an overview of retirement attitudes and trends https://www.ifs.org.uk/uploads/Retirement-expectations-attitudes-and-saving-behaviour-how-have-these-changed-during-a-decade-of-pension-reforms-BN273.pdf

Money Advice Service:

https://www.moneyadviceservice.org.uk/en

Pension Tracing Service:

https://www.gov.uk/find-pension-contact-details

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In this episode, Rosie and Cath discuss the reality of making the transition from full-time employment to self employment.

Working for yourself is no longer a distant fantasy. In a volatile labour market, self-employment is increasingly being explored as an alternative way to earn a living, whether by choice or necessity. Is it really less secure and more risky than being employed nowadays?

As financial coaches, Cath and Rosie reflect on their own experiences of moving from corporate careers to self-employment and share some tips for transitioning smoothly from a regular paycheck to being in charge of your own income stream.

You can find Cath at turnstonefinancialcoaching.co.uk

You can find Rosie at themoneyjam.com

For details of the statistics mentioned at the start of the show:

Coronavirus and Self-employment Report (Office for National Statistics)

https://www.ons.gov.uk/employmentandlabourmarket/peopleinwork/employmentandemployeetypes/articles/coronavirusandselfemploymentintheuk/2020-04-24

Government Advice on Self-Employment

https://www.gov.uk/working-for-yourself

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