Changing Our Money Script with Linda Grizely - 131

[00:00:00] Welcome to Money Talk with Skyler Fleming, where we talk about money because there's

[00:00:03] more than just math to your finances.

[00:00:06] Let's get talking.

[00:00:07] Hello and welcome to today's episode of Money Talk with Skyler Fleming.

[00:00:11] In today's episode, we're talking with Linda Grizzly all about the money mindsets

[00:00:14] and scripts and how we can recognize and change our own.

[00:00:18] We're going to be talking from the very beginning and help everyone understand

[00:00:20] how our parents and those around us play a role in our money script.

[00:00:24] Also, one of the surprising insights that I was able to take away from today's conversation

[00:00:28] is how much insight there is into how much other people play a role in impacting your

[00:00:33] view on money.

[00:00:34] While your parents are important in teaching you and how you learn how to handle money,

[00:00:38] there's also so many other people around you that impact how you view your money,

[00:00:42] like your friends, your parents' friends and your friends' parents, your neighbors

[00:00:45] or even coaches in your life.

[00:00:47] We're all learning how to handle money from everybody around us, so make sure

[00:00:50] you think about that when you're thinking about your money script and money story.

[00:00:53] I also want to let everyone know to head over to SkylerFleming.com and make sure

[00:00:56] to sign up for my email list.

[00:00:57] I'd love to start reaching out to people via email and connecting that way as well.

[00:01:01] So I'm looking to send out some stories from the episodes or potentially others'

[00:01:04] podcasts that I get to go on in case you're looking for more financial podcasts to listen

[00:01:08] to.

[00:01:09] But let's get into today's episode with the money talking points.

[00:01:12] The money talking points for today's episode are, are you in control with your money?

[00:01:16] And two, what is the bigger picture that you need to shoot for?

[00:01:19] With the money talking points in mind, let's get right into today's episode.

[00:01:22] Hello everybody.

[00:01:33] Welcome to today's interview on Money Talk with Skyler Fleming.

[00:01:36] Joining me today, I have Linda Grizzly and we're talking about money scripts and your

[00:01:39] story changing them and all the fun stuff around the things that go into our views

[00:01:44] on money.

[00:01:45] So Linda, thanks for joining me.

[00:01:46] Would you introduce yourself for everyone?

[00:01:48] Sure.

[00:01:49] Thanks for having me, Skyler.

[00:01:51] So Linda Grizzly and I'm a mindset and money, mindset and mentor.

[00:01:59] And I'm also a financial planner in another part of my life.

[00:02:03] What we're talking about today is my passion for guiding people through transformational

[00:02:06] journeys with their money mindset.

[00:02:10] And that came about because when I was working with clients as financial planning, I saw

[00:02:14] them having these self-imposed obstacles to their financial growth.

[00:02:21] And I did a deep dive into understanding what that meant and where that was coming

[00:02:25] from.

[00:02:26] And then I realized, you know, my own money story that I had, what I had growing

[00:02:30] up and how I had changed it over time.

[00:02:33] And it really got me interested in helping others in mastering their money mindsets

[00:02:39] and moving forward so that they can be more successful.

[00:02:42] Awesome.

[00:02:43] That's very interesting.

[00:02:44] I think that's one of the things that can be so impactful for people once they

[00:02:48] realize their own viewpoint.

[00:02:50] And like you said, some of those self-imposed hurdles that you don't actually realize

[00:02:53] are there.

[00:02:54] So today's conversation is going to be great.

[00:02:56] I want to kind of start with your beginnings, though, with a couple of questions here of

[00:03:00] how is your view on money growing up impacted your view on money now?

[00:03:04] Right.

[00:03:06] So growing up, I was in a lower class, like lower middle class household, and we

[00:03:12] didn't talk about money.

[00:03:14] I don't even know that my parents talked about money a lot.

[00:03:16] I think that we just lived paycheck to paycheck and whatever money we had, we

[00:03:20] spent.

[00:03:21] There wasn't a lot of saving that I was aware of.

[00:03:25] It was really kind of a scarcity mindset at times where we were scraping and we were

[00:03:31] making sure that we weren't spending too much.

[00:03:33] I knew that my friends were doing things more than me or had more than me, but

[00:03:37] I didn't really think about it because nobody talked about it.

[00:03:40] So it was just kind of like this awareness.

[00:03:43] And those early experiences impact how your relationship is with money as you get older.

[00:03:50] They stick with you because that's what you learned.

[00:03:52] That's what you knew.

[00:03:54] Whether you talked about it or not, there's things that you learn.

[00:03:57] There's things that you just feel as you're living them.

[00:04:00] That makes total sense because like you said, if you didn't talk about it at all,

[00:04:04] then you really weren't sure what was going on.

[00:04:06] Did you ever come to learn your parents view on money and how did that impact

[00:04:11] your view? How did your parents make you think about money now?

[00:04:16] So the funny thing is that I didn't really realize my parents view on money

[00:04:21] until recently.

[00:04:23] Right. So after I started my career as a financial planner and I started and they

[00:04:28] got older and I started helping them with their finances is when I really

[00:04:32] realized what their outlook on money was.

[00:04:35] And they're separate now. They've been divorced for over 40 years.

[00:04:38] But it's really interesting because they still have the same mindset they've

[00:04:43] always had. There hasn't been any work to change that.

[00:04:47] And they have very different, very, very different money mindsets.

[00:04:52] But my dad is very scarcity.

[00:04:54] Like he always thinks he's never going to have enough.

[00:04:57] You know, he he he hoards cash in an envelope and he's always worried

[00:05:04] about how he's going to afford something when really he he's going to be fine.

[00:05:09] And my mom, on the other hand, is always looking to figure out where

[00:05:12] she's going to get more money from because whatever she has, she spends.

[00:05:15] So they're very different.

[00:05:18] But it's obvious to me that they never really realized that they had a money

[00:05:22] mindset and that they never worked on it to to figure out what that meant

[00:05:25] or make any changes to it.

[00:05:27] Which one do you think stuck the most with you?

[00:05:29] Because I imagine you probably you probably took one way or the other.

[00:05:32] Was there one that you or was it a combination of both?

[00:05:36] Or is there one that you think really stuck with you the most?

[00:05:39] I think it was a combination of both.

[00:05:42] And therefore, it was kind of conflicting. Right.

[00:05:44] But I did have that scarcity mindset.

[00:05:47] The one thing that I can say is that

[00:05:50] my father mainly really encouraged me when I was

[00:05:53] when I was, you know, preteen, whatever, to do jobs around the house

[00:05:57] and work for money.

[00:05:58] So I did learn that hard work pays.

[00:06:01] And so I did have drive and ambition in that sense.

[00:06:05] But I also learned that you have to work hard to make money.

[00:06:09] And there was not really a lesson about how you can leverage things

[00:06:12] or or find ways to make money other than what you're putting into it.

[00:06:18] So it seemed like did the money conversation kind of stop short

[00:06:20] at just how do you get the money?

[00:06:23] Exactly. Yeah, yeah.

[00:06:26] That's really interesting because, yeah, like you said, you learned

[00:06:28] you learned how to work hard for it.

[00:06:30] But there's a lot to do after that.

[00:06:32] I mentioned on one of my recent episodes of the common thing

[00:06:35] that we're taught is spend less than you make or live below your means.

[00:06:39] And then I brought up the point of like,

[00:06:40] well, what do you do with that space between where you're living and your means?

[00:06:44] Like the that extra gap that you're doing,

[00:06:46] do you just throw it in cash and things like that?

[00:06:48] So that's really interesting because I think a lot of people

[00:06:51] probably have that sort of a view of what do you do beyond

[00:06:54] the money that you get and the extra money that you get and things like that.

[00:06:57] So that's awesome.

[00:06:58] It's interesting to hear as multiple people have that story.

[00:07:02] It all comes in a different way to like some.

[00:07:04] It's not always the same. So awesome.

[00:07:06] Let's move into talk about money scripts a little bit more

[00:07:10] and money stories for people.

[00:07:11] What is a money script?

[00:07:14] So money script is this it's basically the story

[00:07:17] or the that you tell yourself or that you've learned over time.

[00:07:21] So the money script comes from

[00:07:25] everybody that you've been involved with with your life in your life.

[00:07:28] So it is your parents who already talked about that a little bit.

[00:07:30] And from them, it can be things that they directly taught you.

[00:07:33] Like maybe they did teach you to save, you know,

[00:07:36] a certain portion of your money, but maybe they didn't.

[00:07:39] Modeled behaviors, what are they doing?

[00:07:41] So even though they're teaching you something and they're saying one thing,

[00:07:44] if they're doing another, they're modeling a behavior and you're learning from that.

[00:07:48] It's that environment at home, whether you're talking about money or not

[00:07:52] and also values and beliefs, what's important to people about money.

[00:07:56] You learn that and it all comes from.

[00:08:01] Like everything that's in your environment, so it can be

[00:08:04] your parents, your grandparents, it can be friends, it can be family members.

[00:08:08] A lot of us spent a lot of time at friends' houses and saw what their parents did

[00:08:12] as much as we saw what our own parents did.

[00:08:15] So there are stories that are involved there.

[00:08:17] And then you can get into like teachers at school and coaches

[00:08:21] if you were involved in anything with a coach, coaches actually

[00:08:25] instill a lot of values and beliefs in us to in model behaviors,

[00:08:29] as well as just anybody that's been in our lives.

[00:08:33] Right. Neighbors, things like that.

[00:08:34] We learn from everything that's going on.

[00:08:37] So those scripts are what what you tell yourself based on those experiences.

[00:08:43] And there's a few there's a few major ones that are common.

[00:08:47] The scarcity mindset, believing that there's never enough

[00:08:51] avoiding money because you think that that there's negative emotions with money.

[00:08:55] Like money, money is used for bad things.

[00:08:57] Money is the root of all evil is the common thing you hear.

[00:09:00] But then there's like money worship, thinking that if you could only get more money,

[00:09:03] you'd be happy when really happiness comes from within.

[00:09:06] It doesn't come from the money.

[00:09:07] Does it make things easier? Sometimes, yes.

[00:09:09] But sometimes it makes things harder, actually.

[00:09:12] You know, it's those types of things that are the money stories.

[00:09:15] And there's there's a lot of them and everybody has a different one

[00:09:17] and combinations of them.

[00:09:18] But uncovering what they are

[00:09:21] is the first step in figuring out how to make a change

[00:09:25] and transform that relationship with money.

[00:09:27] Awesome. Well, let's get into how to identify them in just a second.

[00:09:31] I wanted to dive into the worship one a little bit more that you mentioned,

[00:09:34] because I think scarcity and avoidance

[00:09:36] maybe make a little bit of sense just naturally at face value.

[00:09:39] But this worship one, I don't think I've heard before.

[00:09:42] So I was wondering when you say when you say worshiping money

[00:09:45] and they feel like they always have to get more.

[00:09:47] And the happiness piece is what really caught my attention.

[00:09:50] How do you think how do you think maybe more money makes it harder?

[00:09:54] Like, how do you think that worship

[00:09:57] money script falls short in that aspect?

[00:09:59] So the common thing that you hear in like a money worship,

[00:10:03] you know, I said, like for the money avoidance,

[00:10:05] it's money is the root of all evil.

[00:10:06] The money worship is kind of like the keeping up with the Joneses, right?

[00:10:09] It's trying to trying to show that success

[00:10:12] and and be as successful as the other people around you.

[00:10:16] So it can it can lead to like poor spending habits

[00:10:20] in the sense that you're always buying something,

[00:10:22] always trying to show it off.

[00:10:24] So if you think of like the millionaire next door,

[00:10:26] that's modeled after someone who lives within their means,

[00:10:30] has like a, you know, I say a regular lifestyle,

[00:10:34] whatever regular means. Right.

[00:10:35] But but they actually have money in the bank and saved,

[00:10:38] but they don't outwardly look like they're a millionaire.

[00:10:41] Whereas like the money worshipers are people who maybe have fancy cars,

[00:10:44] nice houses, dress, the clothes, the brand name purses, things like that.

[00:10:48] But they might not be saving any money and they might actually be,

[00:10:52] you know, financially struggling because they're just trying to keep up with the money.

[00:10:55] Because they're just trying to keep up with that lifestyle.

[00:10:59] And that's where you you get into that, like just constantly trying to keep up

[00:11:03] and and not having a healthy mindset because you're always trying to do better.

[00:11:09] And then you struggle with that because you're you're you're not,

[00:11:13] you know, you're not financially healthy.

[00:11:15] Yeah. Yeah. Like you said, the money, the money doesn't always make you happy,

[00:11:18] but it's almost getting to the point where when you're spending all that

[00:11:22] to look like you're a million dollars, you're actually you're

[00:11:25] you're more frustrated with it because you know the money's not there.

[00:11:28] So I thought that was really interesting because the happiness

[00:11:30] isn't going to come from the items that you save like, sure.

[00:11:32] I guess having a lot of money could make you happy

[00:11:35] because then you feel secure and stable.

[00:11:37] But having a lot of money and spending all that money

[00:11:40] isn't probably going to make you happy.

[00:11:41] So there's a there's a lot of different views to take on happiness

[00:11:45] and money, and that's a whole different conversation.

[00:11:47] So let's move into identifying people's money scripts.

[00:11:52] So they they've heard these three ideas and they think, you know,

[00:11:54] do I have one of those? How do they identify their money script?

[00:11:59] Yeah. So the first start is the first place to start is just thinking about

[00:12:04] like what how what your relationship is with money.

[00:12:07] So you can look for triggers and things that you do,

[00:12:10] for instance, people that that, you know, that shop

[00:12:13] when they're stressed out are like self soothing.

[00:12:15] They're getting that they're getting that rush of endorphins

[00:12:18] by like shopping for something right.

[00:12:20] Reflecting reflecting on your upbringing and thinking about the money stories

[00:12:25] that you were taught can help like starting with with like,

[00:12:28] where did my money story come from?

[00:12:29] Even if you don't know what it is,

[00:12:31] thinking about what your experiences with money were.

[00:12:34] Maybe thinking back even to like, what was my earliest memory about money?

[00:12:38] When did I first have my own money to spend or when did I first have a feeling

[00:12:42] that, you know, people around me were arguing about money

[00:12:45] or having a good conversation about money?

[00:12:47] What did I experience?

[00:12:50] And then in your current financial behaviors, besides like the the the triggers

[00:12:55] for like shopping or things like that, like, are you paying attention?

[00:12:59] Are you keeping within a budget?

[00:13:02] And I I sometimes don't like to use the word budget

[00:13:05] because it's looked at so negatively, like I'm going to have to like

[00:13:07] hold back on what I'm spending, which is another mindset in itself.

[00:13:11] But but more like cash flow, like like you were talking about

[00:13:15] as you get more money, you spend more money.

[00:13:17] If you mentioned something about that.

[00:13:19] But you can get into what's called lifestyle creep, whereas

[00:13:23] if you get a raise or you get a better job, you just start spending more.

[00:13:26] So you just start your lifestyle just keeps going up and up

[00:13:29] rather than sticking with the same lifestyle, being comfortable in it

[00:13:32] and saving that other money away.

[00:13:35] So you're looking for things that you're doing patterns.

[00:13:39] You're looking for emotional reactions.

[00:13:42] And then, you know, once you figure out like those types of things,

[00:13:46] you can start to think about, OK, what are my values and what are my

[00:13:49] my goals and priorities and then start reframing things

[00:13:52] to focus on better habits.

[00:13:55] Awesome. I really like the question you have in there

[00:13:57] about reflecting on your upbringing, like where did you see money?

[00:14:00] What did they do with money?

[00:14:02] Because one one story that I'll often share and I love when people

[00:14:05] get to that route, especially in conversation,

[00:14:07] because I think that brings out a lot of fun insights for people.

[00:14:10] So like if someone's having a money talk with someone

[00:14:12] and they they share that initial first money memory,

[00:14:16] like for me, one of the main ones I have is reflecting on

[00:14:19] like when my parents would fill up the car with gas,

[00:14:22] they would send someone in with just a twenty dollar bill.

[00:14:24] And that left an impression on me that I always wanted to be secure

[00:14:27] enough to have enough money to always fill up a full tank of gas.

[00:14:31] And something like that, as I've thought about it more and more,

[00:14:34] I'm like, well, that's a very early money memory.

[00:14:36] But it's like it's impacted every year after that to make sure

[00:14:40] I at least have fifty dollars or whatever.

[00:14:42] Like I never want to be to the point where there's only

[00:14:45] very little money that I have to use, whatever I can find and just go with that.

[00:14:49] So I love I love that question.

[00:14:51] I think that can be extremely helpful for people identifying their money script.

[00:14:54] But have you ever changed your money script or how can people do that?

[00:14:59] So I did change my money script and I didn't realize that

[00:15:02] that's what I was doing or that's what it was called when I was doing it.

[00:15:06] I just came to a point in my life where I knew that I needed

[00:15:09] some sort of drastic change to improve my lifestyle.

[00:15:13] I was at a point where I was recently divorced.

[00:15:15] I was working in a job that that I love the actual job,

[00:15:19] but the circumstances and the culture there were just killing me.

[00:15:23] And I knew I needed to do something drastic.

[00:15:26] So I set out to just basically on a personal growth journey.

[00:15:32] And really what happened was as I just really opened my eyes

[00:15:36] to everything that was really going on around me, kind of got out

[00:15:39] of my little tunnel vision of my life.

[00:15:42] And, you know, started started reading, started researching,

[00:15:48] just trying to figure out like how how am I going to grow

[00:15:51] so that I can get ahead?

[00:15:52] And it really was just expanding my mindset overall

[00:15:57] and being in that growth, mine, opening up my mind to growth,

[00:16:00] being in that growth minded set. Right.

[00:16:04] And it really changed my life a lot.

[00:16:08] And which is one of the reasons why I do this now

[00:16:10] and helping people with our mindsets, because I want them to do it

[00:16:14] and I want to help them get through it faster than I did

[00:16:16] with less mistakes than I did.

[00:16:17] Yeah. And that's the fun part about all these conversations.

[00:16:20] It's like take what I say I did wrong.

[00:16:22] Take what all my guests say they did wrong and don't do it.

[00:16:25] I take what we say we did right and iterate on that and keep going with that.

[00:16:29] You said one thing in there that caught my attention of doing a bunch

[00:16:32] of research to really open up your mind, open up your knowledge base

[00:16:36] to a whole bunch of different options.

[00:16:38] How do you think that's beneficial?

[00:16:39] That's something I talk about on my podcast.

[00:16:41] It's like, listen to my show, listen to other money shows

[00:16:45] and take all those different ideas you hear and figure out what you want to do.

[00:16:49] Because I think it's a little dangerous if we just get

[00:16:50] like internal vision with one resource.

[00:16:53] How do you think it was helpful for you to do

[00:16:55] like a lot of different research to expand your mind?

[00:16:58] Yeah. So I read books and I went to,

[00:17:03] you know, some group like like I did.

[00:17:06] I went to a book Mastermind on one of John Maxwell's books.

[00:17:10] And I think what really happened was is that the things

[00:17:14] that I was reading about or learning about, they had their own version of it.

[00:17:17] Right. So like in my in one of the John Maxwell

[00:17:22] things that I went to, they were talking about the law of the lid.

[00:17:25] And it talks about how if you put, you know,

[00:17:29] flies in a jar or something that they're going to learn that the lid is there.

[00:17:31] It's kind of like the elephant who you tie him to a stake.

[00:17:34] And then he doesn't he does. He just thinks that he can never move.

[00:17:37] Right. That's the mindset that they get.

[00:17:39] But it made me realize that this law of the lid,

[00:17:41] they were talking about it in one sense.

[00:17:43] But I applied it to something completely different

[00:17:47] in the sense that where I was at, I was never going to get ahead

[00:17:51] because the people that were around me were not ever going to get ahead.

[00:17:56] And so if they weren't going to go ahead, get ahead,

[00:17:59] then I wasn't going to get ahead.

[00:18:01] And it really made me realize that I had a lid on where I was at the time

[00:18:06] and that I needed to remove that lid and make a change.

[00:18:09] So I was able to apply that knowledge

[00:18:12] that I was learning to how it actually fit into my life

[00:18:16] and my circumstance where I was at that time,

[00:18:18] even though it wasn't exactly the lesson that was being taught. Yeah.

[00:18:21] And I think that's that's exactly what I'm hitting on

[00:18:23] when I say listen to so many different sources and take what you want to hear

[00:18:27] or take what you're hearing and apply it to what's helpful,

[00:18:29] because you mentioned right in the beginning here, it's like,

[00:18:32] oh, you don't really like to say the word budgeting

[00:18:33] and maybe that's what clicked with someone.

[00:18:35] And then they caught your couple ideas after that.

[00:18:38] And that's all they take away.

[00:18:39] So there's so much there's so much knowledge out there

[00:18:42] and sources and things like that that you applied the law of the lid,

[00:18:45] even though it wasn't maybe a there wasn't a physical lid over you.

[00:18:49] But you were able to adapt it to what was going on around you.

[00:18:52] So that's fantastic.

[00:18:54] So let's say someone's getting to that point

[00:18:56] where they're realizing their script is holding them back.

[00:18:58] It's maybe they've heard a term that clicked with them.

[00:19:01] What can they do to change it?

[00:19:04] So there's lots of there's lots of programs out there.

[00:19:07] I have one myself where you can join in either a group

[00:19:11] or one to one coaching and actually have someone help you through it.

[00:19:15] Journaling helps reading books helps

[00:19:18] just acknowledging it and trying to figure it out is the first step. Right.

[00:19:23] Sometimes you can get through that on your own.

[00:19:25] I got through it on my own, but with the help of books

[00:19:27] and other things and other people that I was talking to about it.

[00:19:31] It's just a matter of what works for you.

[00:19:34] There's lots of information out there, though,

[00:19:36] that that you can get help get you started.

[00:19:40] Awesome. Yeah, there's lots of resources out there.

[00:19:42] Just start talking to people. Ultimately, that'll be fantastic.

[00:19:46] One thing that came to my mind is I think we often look at things

[00:19:49] like money mindset or maybe these money scripts where we're saying,

[00:19:52] oh, you have this mindset and you always need to change it.

[00:19:54] Is there ever someone that's beneficial for somebody?

[00:19:57] And how do they like take advantage of that to stay on track?

[00:19:59] Or are they always something we need to change?

[00:20:02] Yeah, there's definitely positive money beliefs, right?

[00:20:05] Positive attitudes about money.

[00:20:08] Let's see, we talked about the

[00:20:11] the money is the root of all evil. Right.

[00:20:13] So the opposite of that is if I have a lot of money,

[00:20:17] all the good that I can do with money through philanthropy

[00:20:20] and helping other people. Right.

[00:20:21] So that's like the exact opposite.

[00:20:23] So somebody is growing up with a mindset that money is the root of all evil.

[00:20:26] They're probably not going to have money.

[00:20:28] They're probably going to give that gives them an excuse for being poor.

[00:20:31] Excuse for not having money, because then that means they're not evil.

[00:20:35] But if they grow up and they are they're believing that, you know,

[00:20:38] money is is is what, you know, share the wealth

[00:20:42] and give it away and help people, then it's a positive thing around money.

[00:20:48] Obviously, then a frugality and savings mindset is good

[00:20:53] if it's not to the extreme.

[00:20:54] Really, any, you know, any extremes are not really ever good. Right.

[00:20:57] But as long as you're living within your means, like you said,

[00:21:01] budgeting wisely or paying attention to your cash flow is like the words

[00:21:04] that I like to use.

[00:21:07] And then, you know, like where you're going and what you're doing

[00:21:11] and you have savings and you're saving for

[00:21:14] you know, emergencies and things like that.

[00:21:17] Fantastic. One thing I just took away is if you're in control with your money,

[00:21:21] I think that's when you can feel like you're in a positive mindset.

[00:21:24] Because I think the other ones you described of like worshipping money,

[00:21:27] not feeling like there's going to be enough or that you want to get rid of all of it.

[00:21:31] That's going to lead you to lose control of your money.

[00:21:34] Like your your mindset is going to dictate what you're doing with your money.

[00:21:37] You're going to feel like, where did all my money go?

[00:21:39] But if you're in control of it and you know what's happening with your money,

[00:21:42] I think that can be an identifier to say, hey, I'm in a I'm in a healthy

[00:21:46] mindset and a healthy relationship with money right now.

[00:21:48] So that's a great place for people to start. Think through both of those.

[00:21:51] Like, do you feel like you're in control with your money or not?

[00:21:53] And then think through some of the different mindsets that we've mentioned.

[00:21:55] But to wrap it up here and we'll we'll make sure to hear where people can

[00:21:59] learn more about you right at the end.

[00:22:00] But to finish up here, what's one thing you wish you would have known

[00:22:03] sooner when it comes to money?

[00:22:07] I wish I would have just realized the bigger picture sooner.

[00:22:11] So I wish I would have thought bigger, saw bigger

[00:22:14] and opened up my mind to that

[00:22:18] that idea that there's all there's all these other things

[00:22:21] that go along with money.

[00:22:23] It's not just the numbers themselves.

[00:22:26] Awesome. That's yes, someone's going to take away something from that.

[00:22:28] For sure. There's been a lot of great things in this episode.

[00:22:31] So thank you so much for joining.

[00:22:32] There's been a lot of great things from the different money mindsets,

[00:22:35] how you can identify it and some positive mindsets.

[00:22:37] And then that last thing is everyone listening realize there

[00:22:41] there's more to money than just math.

[00:22:42] That's what I like to say.

[00:22:43] So, Linda, thanks for joining.

[00:22:45] Where can people find you or learn more about you?

[00:22:48] They can find me on my website, mindset and money.

[00:22:52] And from there, there's links and more information

[00:22:55] and they can reach out to me there.

[00:22:57] Fantastic. Well, thank you so much for joining.

[00:22:58] This has been a fun conversation.

[00:23:00] Yeah. Thanks for having me.

[00:23:01] Thank you so much for listening to today's interview.

[00:23:03] And thank you again to Linda Grizzly for coming on today's episode.

[00:23:06] I want to talk about the money talking points now,

[00:23:08] and maybe let's start with the first one.

[00:23:11] Are you in control with your money?

[00:23:12] Well, I feel like my wife and our we talk about it regularly.

[00:23:15] We know our goals that we have and we're hitting our savings

[00:23:17] target with said goals.

[00:23:19] So our money is working for us.

[00:23:20] And it's nice to feel in control with our money.

[00:23:22] But what if you don't feel in control?

[00:23:24] Well, I think a great place to get started is just by tracking it.

[00:23:27] What gets measured gets managed is the saying.

[00:23:29] So make sure you're tracking your money

[00:23:30] so you're measuring where it's going and make sure to start small.

[00:23:33] You don't have to do it all at once.

[00:23:34] I think that's one thing that people get in their heads about

[00:23:37] is they feel like they have to do it all at once.

[00:23:39] They need to get from out of control to in control overnight.

[00:23:42] And that's just not how it happens.

[00:23:43] The second money talking point,

[00:23:45] what is the bigger picture that you need to shoot for?

[00:23:47] I'm not sure for me what the bigger picture is right now.

[00:23:49] And that's OK.

[00:23:50] I like this point from Linda in today's interview,

[00:23:53] and she wishes that she would have realized the bigger picture sooner.

[00:23:56] So I think this is a great chance for you to sit down

[00:23:58] and have a money talk with someone about what is that bigger picture?

[00:24:01] Maybe it's with a spouse or a friend where you say,

[00:24:02] what's the next big thing for me or something like that?

[00:24:05] And I think this is in line with Tom Kosnick's episode

[00:24:08] where he also realized that the mountain

[00:24:10] that he was thinking is way off in the distance

[00:24:13] is much closer than he thought.

[00:24:14] So that goes hand in hand with this money talking point is

[00:24:17] what's the bigger picture that you need to shoot for?

[00:24:19] What do you need to go for and what do you need to take that leap

[00:24:22] and bound to really get there and make it happen?

[00:24:24] So that's the money talking points for today's episode.

[00:24:27] Next, I want to talk about the handy hint.

[00:24:39] The handy hint for today's episode is money worship.

[00:24:41] And it's something I wanted to talk about a little bit more

[00:24:43] because you heard in the interview that I wasn't quite sure

[00:24:45] what she meant by it.

[00:24:47] But I've come to understand it a little bit more.

[00:24:49] It's wanting to look like we're a millionaire.

[00:24:51] It's wanting to make us keep up with the Joneses.

[00:24:53] That's money worship.

[00:24:54] It's making sure we have money and we want to bow down to money

[00:24:58] and we want to make sure we're getting money

[00:24:59] and looking like we have money.

[00:25:01] But often what I'm thinking is that keeping up with the Joneses

[00:25:04] makes it so you look like you know how to spend a million bucks,

[00:25:07] but you don't actually know how to keep that kind of money

[00:25:09] because it's more impressive to be able to keep

[00:25:11] and have a one million dollar net worth than it is to be able to spend it.

[00:25:14] Everyone can spend that much money.

[00:25:16] So it's more impressive when you're able to keep that much money

[00:25:19] and be able to make that much money, work for you

[00:25:21] and do what you want to do in your life.

[00:25:23] But let's talk about the money talk mastery next.

[00:25:35] So in today's money talk mastery segment,

[00:25:37] I wanted to talk about positive money mindsets

[00:25:39] and I'm going to list all of the ones I have written down here off

[00:25:41] and then we'll go through each one.

[00:25:43] So here's what I had listed.

[00:25:44] Abundance, gratitude, generosity, self-worth, growth, empowerment,

[00:25:49] financial independence, planning and adaptability.

[00:25:52] Let's start at the top there with abundance.

[00:25:54] And this is the mindset where there's enough to go around.

[00:25:56] You know that you're going to be able to enjoy abundance

[00:25:59] and so will everybody else.

[00:26:00] And I wanted to make sure to emphasize the importance

[00:26:02] of not hoarding your abundance here,

[00:26:03] which I think leads greatly into the gratitude and generosity mindsets,

[00:26:08] because when you're grateful for what you have,

[00:26:10] that's when you can have that gratitude mindset.

[00:26:11] And that's when you turn to generosity

[00:26:13] to be willing to share with other people

[00:26:14] the knowledge you've learned and the knowledge that you have

[00:26:17] so you can help other people get to the point where you are.

[00:26:20] So many other people on podcasts, books, creating content

[00:26:23] are hopefully like this, where they're being generous with their knowledge.

[00:26:26] And like I mentioned in today's episode,

[00:26:28] when we get to the point where we're listening to what others have done well,

[00:26:31] we're iterating on that and we're doing better with that.

[00:26:34] And then we're listening to what other people haven't done well

[00:26:36] or maybe their failures and stuff like that.

[00:26:38] And then you're staying completely away from that.

[00:26:40] And that's really awesome.

[00:26:40] So as we teach each other and we're generous with our knowledge,

[00:26:43] that allows us to all do better together.

[00:26:45] And then the self-worth money mindset,

[00:26:47] I think this one goes directly in line with not keeping up with the Joneses.

[00:26:51] It's knowing that you have value by yourself

[00:26:53] and that you don't need things to make you happy.

[00:26:55] It's not chasing a number just for status.

[00:26:57] It's really knowing that your worth is in what you're deciding to do

[00:27:00] with your time and with your money.

[00:27:02] But let's talk a little bit about ones that can help you

[00:27:04] get going further and farther and help you reach those big goals.

[00:27:07] And one of those is a growth mindset.

[00:27:09] And this is a common one that I think you hear a lot along with abundance.

[00:27:12] But growth is continually learning.

[00:27:14] It's finding a hobby that challenges you and makes you want to learn new things.

[00:27:17] For me, it's my podcast.

[00:27:18] It's challenged me to talk to random people about money.

[00:27:21] It's challenged me to build an audience, to build a community,

[00:27:24] to create websites, to create content, things like that.

[00:27:27] For my wife, one of her challenging hobbies is sewing.

[00:27:30] It's challenged her to learn how to sew a shirt,

[00:27:33] learn how to sew a dress, learn how to fix things, things like that.

[00:27:35] So find a hobby that can challenge you.

[00:27:37] And that's how you can have a growth mindset.

[00:27:39] Another one that I think is important is empowerment.

[00:27:41] And that's just really feeling confident that you can reach your goals.

[00:27:44] And when you're empowered to reach them,

[00:27:45] that's when you're feeling in control with your money.

[00:27:47] Another one is financial independence mindset.

[00:27:49] And that's knowing that you can become independent from a job

[00:27:52] and striving to work towards that work optional lifestyle

[00:27:56] where your money is what's really going to get you to wherever you want to go.

[00:27:59] And once you get to that financial independent point

[00:28:02] and you know that you can do it, that's when work becomes optional,

[00:28:04] which is also a great book, by the way, it's called work optional.

[00:28:07] I highly recommend anyone go out and listen to it.

[00:28:09] Two more mindsets are planning and adaptability.

[00:28:12] Planning is making sure you're knowing that you're ahead of what is coming

[00:28:15] and setting clear goals and having clear strategies to achieve them.

[00:28:18] And then a mindset of adaptability is what allows you to be open

[00:28:22] to new options, listen to what others have to tell you and be willing to learn.

[00:28:25] So you're willing to adapt your systems and your goals and your strategies

[00:28:28] to get there.

[00:28:30] And those are all some great mindsets in today's Money Talk Mastery Segment.

[00:28:33] Let's wrap up today's episode next.

[00:28:44] Thank you so much to Linda Grizzly for coming on today's episode.

[00:28:47] I hope you were able to take something away from this show,

[00:28:50] and I hope that you're able to continue coming back.

[00:28:53] So please make sure to subscribe.

[00:28:54] Also, let me know what you thought.

[00:28:55] Send me an email or go to skylerflumming.com slash feedback.

[00:28:59] I would love to know what you thought about today's episode

[00:29:01] or any episode that you've listened to.

[00:29:02] But please make sure to subscribe and head over to SkylerFleming.com.

[00:29:06] That link is also in the show notes.

[00:29:08] Check out my website.

[00:29:09] I'd love to hear any feedback.

[00:29:10] But thank you so much for listening to Money Talk with Skyler Fleming.

[00:29:13] I'm your host, Skyler Fleming. Have a great week.

[00:29:15] Thank you for listening to Money Talk with Skyler Fleming.

[00:29:18] This show is provided for informational and entertainment purposes

[00:29:21] and may not be specific to your unique situation.

[00:29:24] Please be sure to do additional research before making any financial decisions.