The Heart of Money | Financial Guidance for Couples, Money & Marriage, Motivation, Inspiration Austin Black & Bob Wessler

This week, Austin and Bob begin an extensive series on savings strategies…but not from the standpoint you might expect. In fact, this first episode will explore different attitudes towards saving, from extreme penny-pinching to a more balanced approach, and why you might be causing more harm than good to your financial management if you save for the sake of saving. Instead, they talk about the importance of having a purpose and strategy behind saving and discuss the impact of early life experiences on one's mindset about money. 

Key Points Highlighted:

1. Why You Need to Be Purposeful with Saving:

Saving money should be done with a clear purpose and strategy in mind, rather than simply saving for the sake of it. Whether it's for emergencies, future goals, or protection, having a specific reason for saving helps ensure financial stability and growth.

2. Having a Balanced Approach:

There's a spectrum when it comes to saving, ranging from extreme penny-pinching to a more balanced and intentional approach. It's important to find a middle ground that allows for saving while still enjoying life and taking care of immediate needs.

3. Early Life Experiences: 

One's attitude towards money is often shaped by early life experiences and upbringing. However, as individuals mature, they have the power to shape their own financial mindset and behaviors, regardless of past influences. It's essential to assess and adapt one's approach to saving based on personal goals and circumstances.



Ready to take the next step in gaining control over your money? 

1. Download the “6 Secrets to Healthy Money Conversations” guide 

2. Register for my FREE masterclass “Financial Freedom Blueprint” here

Or

3. Schedule a FREE Discovery Call to determine if you would benefit from 1:1 coaching

This month, we’re starting a series of conversations with other financial coaches, discussing the commonalities of what we see our clients face, how we help them overcome those challenges and what tactics couples can use to start taking complete control of their money. 

My first guest coach is Kelsa Dickey, with Fiscal Fitness Phoenix and the Financial Coach Academy. A 15 year veteran in the personal finance coaching world, Kelsa has plenty of stories, experiences and lessons she’s told, seen and learned with her clients. 

Her approach integrates insights from the financial and fitness realms, drawing parallels between managing money and maintaining physical health. In this conversation, Kelsa talks about finding a financial approach that aligns with her client’s natural inclinations or goals, and highlights how important mindset and consistency is to achieving financial success. She delves into the personal aspect of money management, addressing fears and misconceptions that often hinder progress, and emphasizes the significance of personal buy-in to any financial plan. 

Kelsa also alludes to the life changing benefit of working with a personal finance coach and comments that managing money is not a one-size-fits-all approach, which means most people need personal guidance and accountability to truly succeed in their journey to achieving financial independence. Ready to take the next step in gaining control over your money? 

1. Download the “6 Secrets to Healthy Money Conversations” guide 

2. Register for my FREE masterclass “Financial Freedom Blueprint” here

Or

3. Schedule a FREE Discovery Call to determine if you would benefit from 1:1 coaching

In this episode, Bob and Austin discuss the importance of financial management and outline three pillars essential for financial success. They emphasize the significance of having a vision or setting goals as the first pillar, followed by creating a plan or budget as the second pillar. They delve into the tactical aspects of budgeting and emphasize the need for understanding the emotional intelligence around money. Finally, they highlight the third pillar, which focuses on managing behavior, taking personal accountability, and committing to actions to achieve financial goals.

They discuss the challenges and rewards of this process, emphasizing the transformative nature of mastering financial management. Throughout the conversation, they stress the value of coaching and support in navigating these pillars effectively.



Ready to take the next step in gaining control over your money? 

1. Download the “6 Secrets to Healthy Money Conversations” guide 

2. Register for my FREE masterclass “Financial Freedom Blueprint” here

Or

3. Schedule a FREE Discovery Call to determine if you would benefit from 1:1 coaching

David was raised to believe that money was bad and Paige grew to have a scarcity mindset around finances. When the two got engaged, it quickly became clear that money was a pain point for them both. Fortunately, they connected with Austin and joined his coaching program, which has completely transformed their financial understanding and success.

This week, David and Paige share their story of finding Austin and going through his coaching program, revealing the monumental changes they experienced around understanding and managing money as a couple. Hear how their experience and commitment has allowed them to overcome their fear and frustration of financial management so that they can take complete control of their money.



When you're ready, here are a couple ways Austin can help:

1) Download the "5 Secrets to Healthy Money Conversations With Your Spouse" guide

2) Register for the FREE Masterclass "Financial Freedom Blueprint"

3) Schedule a FREE Discovery Call with Austin

Coming off our conversation around managing finances and bank accounts as a couple, Bob shares his experience transitioning from managing expenses and a budget separately from his wife, to combining their expenses into a shared budget, while still maintaining separate checking accounts. This change was motivated by past struggles with financial management in previous marriages. Bob and his wife now use a joint budgeting app to track expenses, and continue to work on aligning this method with their individual budgeting styles. He talks about the benefits, challenges and overall perspective he is experiencing and how he hopes this will bring stronger financial unity to his marriage in the future.

There can be strong opinions around the best ways to manage finances as a couple. One of those opinions includes whether to keep finances combined into one account or separate into different accounts. This episode touches on personal experiences and perspectives Bob and Austin have with each approach, with one advocating for combined finances for the sake of unity and trust, while the other shares cautionary experiences and concerns about trust and accountability. They highlight the complexity of managing finances as a couple and the importance of finding a strategy that works best for each unique relationship.