Hello!

Our hormones are fascinating! Have you ever stopped to consider how your hormones can affect your finances? My background is in women’s health, and I’d never really thought about the idea that my money was affected by my menstrual cycle. But the more I read about it, the more I realise that our hormones could play a big part in how we manage our money.

Read the shownotes here: https://thefemalemoneydoctor.com/how-do-your-hormones-impact-on-your-finances/

Until next time,

Nikki x

Hello!

One of my favourite authors writing about money is Robert Kiosaki. In fact, the first book I ever read was Rich Dad, Poor Dad. It really opened my eyes to what was possible in life when it came to money, and it sparked my interest in this topic.

A while later, I read another of his books, The Cash-Flow Quadrant and I realised that building wealth involved needing to transform what I was doing with my money long term and how I was making money too.

Many people think is that starting a business is what they need to do to make money. This is partially true, but it is the way that you do it which holds the biggest key to success (and less stress!).

I’m going to talk through what I have learnt from this book, and perhaps you’ll want to check it out and read it yourself too!

If you want the video version of this, check out my YouTube channel.

Nikki x

Hello!

Have you heard of love languages? The book by Gary Chapman goes into a theory that we express love in 5 different ways:

Now if your partner is an "acts of service" kind of person, and you're a "words of affirmation" kind of person, you may get into situations where your partner is doing all these great things for you to help around the house etc, but they don't land as "love" to you because you need to hear the words being said.

It's the same for money!

We all have blocks and blindspots about money, and often this comes from how we were brought up.

When getting into a relationship, you're combining the net sum of both couple's money issues, and when you don't communicate about it, that's where trouble can begin.

I hope this helps.

Nikki x

P.S. if you fancy taking the quiz, go here: https://thefemalemoneydoctor.com/sma-quiz/

If you need support with gambling worries, read this article: https://thefemalemoneydoctor.com/gambling-addiction/

Hello!

Examining your money mindset and beliefs is ESSENTIAL if you want to sort your money out. 80% of personal finance is about how you think about money, the other 20% is the nuts and bolts that you need to organise it.

Have you ever thought about your money mindset?

Feeling frustrated and like there is never "enough" money is a clue that there is some stuff going on.

I hope you find this episode helpful for examining your own blocks around money.

For the show notes go here: https://thefemalemoneydoctor.com/money-mindset-blocks/

Nikki x

Hello!

Robert Kiyosaki calls them "doodads". Vicki Robin calls them "Gazingus Pins". Otherwise known as an unconscious spending weakness.

We all have them.

Be it books, journals, notebooks, scarves, shoes, bags, jewellery, makeup, watches (like my mum), toys for your kids, there will be SOMETHING you can’t resist spending money on.

For me its shoes.

Oh, and journals. I never seem to be able to resist a journal.

Now, in my world, there is nothing wrong with spending money on things we want.

I am ABSOLTELY all about rewarding yourself for a job well done or a goal reached. We celebrate people's wins often in my community.

But what does cause problems is if this celebrating is done without thought or planning. In other words, when we allow our unconscious emotions to guide our spending.

Enjoy my ramble on the subject!

Dr Nikki x

P.S. For the show notes, go here

Hello!

I'm back with a new season and a new episode for 2022!

Here's the topic for today's discussion. Can money buy you happiness? Well, it’s a hotly debated topic. The thing is, I think a lot of people confuse money and happiness with the well-known phrase, “money is the root of all evil”. Personally, I think you can have both money and happiness, and here’s why.

Enjoy!

Nikki x

P.S. If you want to read the show notes, go here: https://thefemalemoneydoctor.com/does-money-buy-happiness/ ‎

Hello!

It's time for another community question, and it's one I get asked a lot - "how much do I need in my emergency fund?".

An emergency fund is really important to help you out if you lost your job or had an unexpected major life event to deal with. But how much should you have, and where should you keep it? As with anything to do with personal finance – it depends. It’s very specific to who you are and your circumstances. 

It was one of the first goals I ever set myself when I started out on my money journey, and I will never forget the excitement when I managed to save my first £1000!

To check out the shownotes, go here: https://thefemalemoneydoctor.com/how-much-should-i-have-in-an-emergency-fund/

Until next time,

Nikki x

Hello!

For most people, buying their first house will be the biggest investment that they ever make. However, the worst thing you can do is get on the property ladder before you are ready.

Many people think that they’re “throwing money away” if they don’t buy a home, but actually, it may be the more savvy approach not to.

Today, there is so much pressure to own your own property, yet it is more difficult than ever before to do so. With that being said, read on to discover the key signs that you are ready to purchase a property.

To read the show notes, go here: https://thefemalemoneydoctor.com/ready-to-buy-a-house/

Until next time,

Nikki x

Hello!

There are many forms of investing. Most people, when they think of investing, I’m sure will think of the “Wolf of Wallstreet”, or something similar; high aggression, testosterone-driven, swearing, sweaty, money-fueled madness.

But this is embellished reality – a story made all the more obscene to make a good film. Real investing is not like this. In fact, the kind of investing that is safe, secure and sustainable is decidedly unexciting. It involves due-dilligence, honest, emotionless appraisal, and playing the long-game. This is everything that the famous Warren Buffett stands for, and he is an excellent investing role-model for the rest of us. In fact, he also disliked the testosterone-fueled craziness that was going on in wall-street, and chose not to be part of it.

If you don’t know who this genius man is, he is the CEO of a major American share-holding company called Berkshire-Hathaway, and is known as the “Oracle of Omaha”. He is one of the richest men in America, building his wealth slowly over his lifetime. This is what he partially blames his amazing success on – his good genes and time spent actually investing.

If you want to catch the show notes, go here: https://thefemalemoneydoctor.com/warren-buffett/

If you want to join the October 3-day Investing Ignition event, go here: https://thefemalemoneydoctor.com/3-day-investing-ignition/

Speak soon,

Nikki