If you’re ready to overcome those initial hurdles and start building better money habits, this episode is for you.
Timestamps:
- [00:00] Introduction: I introduce the episode, share some exciting updates about budgeting tools, and give a quick overview of today’s guest, Jessica Patel.
- [02:30] Why Money Feels Overwhelming: Jessica explains the emotional barriers like fear, anxiety, and feeling “less than” that make starting with money such a challenge.
- [06:00] Discover Your Money Personality: Jessica introduces the concept of money personalities and how understanding your emotional connection to money can help you create better habits.
- [08:00] Setting Small Goals: We discuss the importance of small steps and how they can build momentum for big financial wins. Jessica also shares how Groove helps people track and celebrate progress.
- [13:00] The Power of Talking About Money: Jessica and I explore why open conversations about finances are essential and how accountability partners (or “money buddies”) can make a huge difference.
- [19:00] Why Behavior Matters: Jessica emphasizes the importance of behavioral shifts in personal finance and how Groove uses tools like color theory and breathing exercises to reduce money-related stress.
- [22:00] What emotions are blocking you from getting started: Let’s dive into the first Money Talking Point to understand why we are stuck!
- [28:43] How can you start a money talk: Let’s take what we learned from Jessica and dive into how to start talking about it
- [31:35] How can small steps help you: I’ll talk through some examples and chat with my wife about how to break large overwhelming goals into small realistic steps
- [36:00] Real Talk with Rebecca: My wife, Rebecca, joins me to share how we broke down our financial independence goals into smaller, more manageable steps.
Episode with the CoastFi Couple - https://youtu.be/MgmW4mf44gk
Episode with Bob Wheeler - https://youtu.be/PIHww9LiUB0
Money Talking Points: https://moneytalkwithskylerfleming.com/resources/get-the-7-money-talking-points
Find Jessica Patel online at http://groovemoney.org
Sign up for my newsletter: https://money-talk-with-skyler-fleming.kit.com/64cbd24b05
Schedule a money talk, email me, get your free resources, follow me on social media, and more at moneytalkwithskylerfleming.com/quick-links
Sign up for a free trial with MyBudgetCoach and select me as your money coach: https://www.mybudgetcoach.com/coaches/skyler-fleming
Email me at skyler@moneytalkwithskylerfleming.com
"Upbeat Forever"
Kevin MacLeod (incompetech.com)
Licensed under Creative Commons: By Attribution 3.0
http://creativecommons.org/licenses/by/3.0/