The Broke Generation Emma Edwards

In today's episode, I’m sharing a personal technique I've been using to boost my productivity and achieve goals - making promises to myself. When you make a promise to a friend, you work hard to keep that promise, right? So it’s time to treat yourself with the same level of respect and commitment! I’m covering four big reasons why this approach is effective and how it can be applied to various aspects of life, not just your finances. I also have a little challenge for you, to help build momentum fostering self-respect and building a positive self-identity. Tune in to discover how this method can enhance self-trust, improve financial habits, and create a routine for achieving larger goals. 

Episode highlights:


Micro actions lead to macro results,
Integrate positive habits into daily routines with small daily promises,
Build momentum, learn what works and refine your routine for long-term success.

“I've had a lot of hard things to do, like life stuff, business stuff. I've had to pretty much bribe myself to be a functioning adult."Emma [02:43]

“Making a promise to yourself not only sets the intention at the time but actually brings that concept of saying, I'm going to do this, I am respecting myself."Emma [06:43]

“Every time you follow through, when you break something down, follow through with it, the power is back in your hands and allows you to go a bit further and a bit further and a bit further every single time."Emma [14:10]

Where to find The Broke Generation

Website: https://thebrokegeneration.com/?v=518f4a738816Instagram: https://instagram.com/the.brokegenerationTikTok: @the.brokegeneration 

Sign up to The Glue: the weekly money psychology and mindset newsletter www.thebrokegeneration.com/subscribe, where you’ll also get your free Financial Values workbook.
See omnystudio.com/listener for privacy information.

Have you got your card details at the ready for Black Friday tomorrow? Maybe you’re hanging out till the Cyber Monday deals instead? I’m swooping in with this episode just before tomorrow’s frenzy with a bit of insight into the psychological aspects that can influence our spending behaviour during sale periods.

The current economic landscape, marked by reserved spending and consistent interest rate hikes, can make even the most disciplined saver more susceptible to the allure of a good sale. Now is the time for mindful decision-making!

I’m also discussing the challenge of dealing with regret avoidance spending, (Hello FOMO!) especially when faced with significant discounts. This is the time to be strategic, isolate your shopping behaviours, and prioritise mindful spending over impulsive decisions. 

Tune in for some practical tips, including price comparisons, checking alternative platforms for better deals, and leveraging discounts and cashback opportunities.

Episode highlights:


Experts are predicting significant discounts during Black Friday, with 71% of retail experts expecting high discounting,
Five #SpendingTraps that could test you this sale season
The importance of comparing prices, checking alternative platforms like marketplaces and Depop for better deals, and leveraging discounts and cashback opportunities to maximise savings.

“Because of the cost of living crisis, people's discretionary spending is down. We're being a lot more reserved. So they're needing to entice us to spend a little bit more."Emma [03:40]

“Be really, really careful with big discounts when you see them because it's going to throw everything else out of context."Emma [10:17]

“Being good with money does not mean being perfect. It's all about how you respond."Emma [25:31]

Where to find The Broke Generation

Website: https://thebrokegeneration.com/?v=518f4a738816Instagram: https://instagram.com/the.brokegenerationTikTok: @the.brokegeneration 

Sign up to The Glue: the weekly money psychology and mindset newsletter www.thebrokegeneration.com/subscribe, where you’ll also get your free Financial Values workbook.
See omnystudio.com/listener for privacy information.

By now, you've probably heard me talk about the significance of aligning your personal values not just with savings and investments but also with your day-to-day spending. In this episode, I'm highlighting the importance of recognising and understanding your natural spending tendencies and how they shape your financial behaviour. It's about mastering the art of blending your financial choices seamlessly with your unique personality and priorities!

Like most things, there are pitfalls and exceptions to navigate. I share my own experiences, shedding light on the nuances of values-based spending, and the ongoing challenge of distinguishing between conditioned wants and genuine needs. The beauty of this approach lies in its dual nature: indulging in things that truly matter while also saving or investing in alignment with those core values. 

And because learning doesn't have to be all serious, I've got a couple fun exercises for you to try. These will guide you in uncovering and comprehending your financial values. Remember, getting to know yourself is the first step in getting on top of your money!

Episode highlights:


The importance of understanding and acknowledging your behaviour and motivations,
How savings and investments can also honour your values, contributing to your overall financial well-being,


Assessing how well current financial behaviours reflect values and potential for adjustments.

“It's a lot easier to shut out a lot of that noise when you have your financial values nutted out and you really get into the flow of aligning your money to these values."Emma [10:34]

“I've noticed a lot that my priorities, my values are shifting and not like going against each other, but more just becoming more refined."Emma [17:55]

“Finding a way to honour your values in some way in your financial routine makes your money, makes your relationship with money instantly stronger, and it makes it easier to engage in the behaviours that are conducive to positive financial outcomes."Emma [31:07]

 

Where to find The Broke Generation

Website: https://thebrokegeneration.com/?v=518f4a738816

Instagram: https://instagram.com/the.brokegeneration

TikTok: @the.brokegeneration 

Sign up to The Glue: the weekly money psychology and mindset newsletter www.thebrokegeneration.com/subscribe, where you’ll also get your free Financial Values workbook.
See omnystudio.com/listener for privacy information.

If you’ve clicked on this episode it’s probably because you’re fighting that nagging feeling that you’re ‘behind’ in life. It's a topic that resonates with all of us, consuming our thoughts more often than we'd like to admit. Featuring voice notes from listeners, sharing their own experiences with this all-too-familiar sensation, and how to navigate the complex feeling of being behind in life.

Feeling behind isn't just about the numbers; it's about the choices we make, the experiences we gather, and the unique circumstances that shape our journey. Together we explore the need to discern the specific triggers that make us feel behind and the underlying emotions driving these perceptions. It’s important to define your own unique path, discover your core values, and find contentment in their distinct journey.

Episode highlights:



Learning to differentiate between the societal pressure to conform to certain life milestones and your own personal desires and values,



Recognising privilege and how comparing yourself to others who may have had different opportunities can be counterproductive,


The importance of self-awareness and personal growth.

“Getting aware is the very first stage, and that might be noting little things down if and when they pop into your mind or getting better at sort of slowing down and noticing when these thoughts and feelings are coming to you."Emma [11:15]

“Where can you kind of move away from that goal that's been sort of drilled into you is the right thing to do."Emma [39:11]

“There is no decision, there is no end destination, there is no place you can be in your life where you don't have questions about where you're going next."Emma [39:35]

“The older you get, stage of life matters so much more. I've got friends that are 25 and I've got friends that are in their forties, but the stage of life is kind of more important than the age."Emma [42:26]

 

Where to find The Broke Generation

Website: https://thebrokegeneration.com/?v=518f4a738816

Instagram: https://instagram.com/the.brokegeneration

TikTok: @the.brokegeneration 

Sign up to The Glue: the weekly money psychology and mindset newsletter www.thebrokegeneration.com/subscribe, where you’ll also get your free Financial Values workbook.
See omnystudio.com/listener for privacy information.

It’s the final guest episode of the year and I am so excited to be joined by Annelise McCarthy, owner and founder of ‘Her Speaking Coach’. This week, we're delving into the often intimidating world of confidence, communication, and self-belief as Annelise explores the five factors that frequently hinder women from speaking confidently: fear of judgement, perfectionism, imposter syndrome, comparison, and people-pleasing.

We discuss how these factors can be interconnected and how they can impact our ability to speak up and trust ourselves. Annelise stresses that building confidence isn't solely about mastering the technical aspects of speaking; it's also about cultivating a resilient mindset, and embracing your individual voice.

External validation is a natural human need, but the journey towards self-belief involves finding a balance between seeking validation and developing internal self-trust. Remember, building confidence is a continuous journey, and it's crucial to prioritise self-compassion, self-awareness, and a dedicated commitment to challenging these limiting beliefs.

Episode highlights:


How confidence in speaking is not just about having the right tools or techniques but also about working on your mindset, voice, and body language,
Addressing the challenges people face when trying to express themselves, advocate for their ideas, and overcome self-doubt in various aspects of their lives, not just in formal presentations,
The importance of confident listening - confident communication involves both speaking and listening effectively!

“The more that you avoid that fear, you validate the fact that it's scary."Annelise [10:45]

“It's so hard to know where to start with breaking out of those things when they've been such ingrained patterns. I'll think that I've got over a hurdle I've been having, but then something will happen… and it kind of rears its ugly head again."Emma [26:26]

“We talk about these powerful tools that we can use to overcome that external validation piece and to overcome perfectionism, whatever it might be. I think it's really human to want to be validated."Annelise[28:50]

Where to find AnneliseWebsite: https://www.herspeakingcoach.com/Instagram: https://www.instagram.com/herspeakingcoach/LinkedIn: https://www.linkedin.com/in/annelise-mccarthy-b31533142/

Where to find The Broke GenerationWebsite: https://thebrokegeneration.com/?v=518f4a73881Instagram: https://instagram.com/the.brokegenerationTikTok: @the.brokegeneration 

Sign up to The Glue: the weekly money psychology and mindset newsletter www.thebrokegeneration.com/subscribe, where you’ll also get your free Financial Values workbook.
See omnystudio.com/listener for privacy information.

It’s the penultimate guest episode of the year! This week I’m joined by Kate Campbell, financial educator, and co-host of the Australian Finance Podcast - and now author! We discussed the value of investing and how it connects with our life goals. Kate emphasised the importance of reframing your identity as an investor and starting small to build confidence.

We also explored how personal values and experiences can shape financial decisions and the significance of questioning advice from others. Kate stressed that taking one step at a time, enhancing financial literacy, and asking better questions when working with financial professionals can lead to better financial well-being.

With Kate’s book now out, we also unpacked the significance of prioritising relationships and allocating time and resources to nurture them. The balance between living in the present and securing a better future, with a focus on relationships and well-being as key aspects of a fulfilling life.

Episode highlights:


The challenge of dealing with pushback from friends and family who may have different values or life goals.
Forgiving yourself for past financial decisions and understanding that those decisions were made based on the knowledge and experiences available at the time.
The concept of taking ‘healthy risks’ in investing and starting small, learning as you go, and seeking support from resources like podcasts, courses, and online communities.

“I honestly think that one of the most powerful things I did for my finances was forgive myself for everything that I did, quote unquote wrong or everything I didn't do because there's a unique type of shame that relates to things that we think we should have done or that we should have known better."Emma[16:29]

“The answer lies within you, and I think this is why a lot of people, particularly with money stuff and particularly investing, you learn and you learn. And then there comes a point where you can’t learn any more. You’ve just got to make yourself do it."Emma [26:33]

“There's not really a free lunch in investing. If someone's offering you something for free, really start to question it."Kate [39:45]

“If we can focus a little bit more on the relationship piece and if we can allocate a bit more time and money to that side of things, then we're going to be happier longer term."Kate [50:52]

Where to find Kate Campbell

Website: https://buyinghappiness.com.au/Instagram: https://www.instagram.com/katecampbellausLinkedIn: https://www.linkedin.com/in/katecampbellonlineAustralian Finance Podcast: https://www.raskmedia.com.au/podcasts/australian-finance-podcast/

Where to find The Broke Generation

Website: https://thebrokegeneration.com/?v=518f4a738816Instagram: https://instagram.com/the.brokegenerationTikTok: @the.brokegeneration 

Sign up to The Glue: the weekly money psychology and mindset newsletter www.thebrokegeneration.com/subscribe, where you’ll also get your free Financial Values workbook.
See omnystudio.com/listener for privacy information.