Helping you to change your mind about money.
Join Financial Well-being Coach Daniel Britton in fun, financial conversations designed to lighten your mood and weigh down your wallet.
Helping you build a winning Money Mindset, Master your Emotions, Deal with Debt and Build a Brighter Financial Future.
What Do You Really Think About Money?
What Do You Really Think About Money?
Do you have a positive or negative money mindset and how does this influence your financial life?
Your money mindset is a major predictor of your actions, and, ultimately therefore, your financial success. Limiting beliefs around money are major obstacles to creating financial success, so aim to maintain a positive outlook toward money.
Negative money mindset traits include:
Fear and anxiety
Feelings of a lack of control
Negativity around the very concept of money
Feeling intimidated by difficult financial concepts
Defeatism ("I'll never be good at this")
Procrastination ("I'll get to it one day")
Whereas positive or empowering money mindset traits include:
A willingness to learn and take on challenges
Feeling in control of behaviour and decisions
General optimism, even in the face of uncertainty
Openness to learning new things
Acknowledgement of incremental progress
This episode suggests 8 ways to improve our money mindset including expressing gratitude, cutting off negative self-talk and keep moving forward.
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Teaching Kids about Money - The Financial Fairy Tales Story
Children and Money - The Financial Fairy Tales Story
Back in 2009 I had an idea to help inspire and empower children on the topic of money. That idea grew into The Financial Fairy Tales an award winning and best selling series of children's books which have been enjoyed in over 15 countries around the world.
In this episode I share how that happened and where the idea came from.
To find out more about the Financial Fairy Tales visit our website or my Amazon author page here.
Thanks for listening. If you can spare the time please leave a review and share with your friends.
The Importance of Multiple Streams of Income
Welcome to this special series on the 7 Steps to Financial Wellbeing - #7 The Importance of Having Multiple Streams of Income
The last two years in particular have highlighted that our job security is out of our hands. What is within our control however is the opportunity to develop multiple sources of income to supplement or replace income from our job.
In this episode I discuss 4 ways to increase your income, by utilising your:
Rich Dad, Poor Dad by Robert Kiyosaki
Grow Your Money - Pensions and Investments Made Simple
Pensions and Investments Made Simple
Investing doesn’t need to be complicated or time consuming. Overtime it’s a practice which can increase your wealth and security which is something we can all aspire to.
Welcome to part 6 of the 7 Pillars of Financial Wellbeing series. In this episode we will explore the importance of starting a pension and how to combine ones you may have from previous jobs.
Also an easy guide to beginning with investments, including index funds, ETFs and dollar cost averaging.
This podcast is intended for education and entertainment purposes and should not be taken as financial advice. Stocks or investments mentioned are for example purposes only.
Pension Bee - https://www.pensionbee.com/
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Build a Winning Money Mindset
I hope you will enjoy this week’s episode as part of my series on the 7 Pillars of Financial Wellbeing
“You become what you think about most of the time” - James Allen
Are your thoughts mainly on opportunity, prosperity and gratitude? Or do you focus on fear, lack and frustration? If your thoughts are on a high vibration, gratitude, optimism joy and so on, you are more attractive to money. Specifically, more likely to recognise opportunities and take action towards attaining them. If the opposite is true and you find yourself in a funk, worried about debt or how you can pay the rent this month, then those low vibrational states will continue to attract feelings of worry and lack, leading to their physical manifestation – thoughts become things.
On a more practical level you will not notice opportunities to improve your financial situation or lack the belief and confidence to take action. Maybe there is a promotion on offer at work or you want to apply for a higher paying job elsewhere. From a low energetic state you will likely either let the opportunity pass or not do yourself justice in an application or interview. Your subconscious will be limiting your ability to fully engage with the process.
It's useful to start by examining where our beliefs come from. For may they are formed in childhood before the age of 7. Overhearing our parents fight about money, negative influences on TV, our culture and religion all have a powerful impact on our developing young minds. Next time you watch a movie, notice whether the bad guy is rich. You’ll be amazed how often this plot line is used.
Think about the phrases you heard about money growing up. Chances are that most of them were negative: “Money doesn’t grow on trees”, “Money is the root of all evil”, or my Mum’s favourite “A fool and his money are soon parted”. This last one has influenced me decades later to shop around for bargains and avoid impulsive buys, irrespective of how much money I have at the time.
Thing is as an adult do you want your 7 year old self running your life? No matter how well intentioned your parents were, their financial situation is not the same as yours today. Chances are high that they inherited their beliefs from their parents and grandparents before that. Factor in shortages caused by World War 2 and even the Great Depression and its easy to trace where generational beliefs of worry and lack came from.
How do we shift our mindset?
The first step is uncovering these limiting beliefs and bringing them into the light. You can do this with some self-reflection or with the help of a coach or therapist. Make a list of the things you learned about money growing up. For the ones which are negative, re-write them as a positive. For example, “Money is the root of all evil” could become “money is a source of freedom and joy”. Let’s dig deeper. Which of these statements is absolute truth? Both of them, neither of them? If neither is completely true, and neither completely false, why not choose the more empowering one? If you don’t accept it right now that money is a source of freedom and joy, that’s because you have spent decades believing the opposite.
It is going to take some time and repetition to accept the new belief. Techniques such as NLP, hypnotherapy and tapping can help uncover and install new beliefs. Many people use affirmations, where you repeat empowering statements, or use visualisation to reinforce new beliefs.
Get in touch
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As a Man Thinketh - James Allen
Mindset - Carol Dweck
How to Deal with Debt
Dealing with Debt - Part of the special series on the 7 Pillars of Financial Wellbeing
For many of us, some form of debt is a fact of life, but in my view it’s something we should use for our advantage rather than against us.
Carrying a lot of consumer debt such as credit cards and loans acts like an anchor dragging behind us or trying to drive with the handbrake on. Not that I am demonising all kinds of debt, far from it. How difficult would buying a house be without a mortgage or many of the functions of modern life without some kind of credit option?
My purpose here is to encourage you to pause for a moment and think about how much debt you have and how quickly you can pay it off.
In this episode we look at 3 ways to reduce the impact of consumer debt including:
Banish minimum payments
Switching to a lower APR and
Using the Snowball effect to eliminate your debt in record time.
Save money on your credit cards video
The Financial Liberation Programme