61. Save More and Make More Money with Jen Reid

Meet Jen Reid, a financial coach and money expert who began her financial journey 6 years ago. She shares how her own inability to manage finances gave her the urge to know more about money and help others. In this episode of Balance with Sam Podcast, Jen takes us through her journey from a background of limiting beliefs about money to wanting to know everything about it. Listen in to learn the importance of budgeting and prioritizing your goals to make better use of what you’re making. You will also learn some questions that you should be asking when looking around for a financial advisor. “Today is the best day to start”- Jen Reid. Top Takeaways: Helping people understand the subject of money by eliminating unhelpful jargon. The importance of normalizing money conversations. Understanding the importance of budgeting and prioritizing goals. How to deal with the scarcity mindset. Learning what you enjoy and putting money aside for it. Understanding how to manage money by writing down monthly expenses. The importance of having a financial advisor to keep tabs on you when overspending. Key Moments: [1:30] Jen shares her story on how she began her financial journey when she couldn’t manage her finances. [4:35] Why she wanted to be a client-based financial advisor. [6:59] What is the importance of normalizing money conversations- the approach Jen uses with her clients. [9:24] The limiting money beliefs that came from her background. [10:55] How to find consistency with money by understanding the importance of budgeting. [15:15] The learning process of prioritizing your goals and figuring what works out for you. [17:06] Dealing with the scarcity mindset and the major questions you should be asking yourself when in this situation. [21:19] How to put a working system when money relates to what you enjoy doing. [23:30] How Jen stopped being materialistic and started understanding her goals and priorities. [25:55] Jen shares her struggle of going back and forth on a need and the pain of foregoing something else that might be more important. [27:35] Why writing down expenses and having a plan at the start of the month is a place to start with money management [34:35] Jen shares her non-guilty money managing plan. [36:15] The importance of having a financial coach when overspending. [41:26] What recommendations would Jen give to someone who needs to make an impact with their bank account? [43:53] The questions you should be asking when looking around for a financial advisor. [46:01] What Jen is doing to teach college students about money managing. [49:03] What legacy would Jen like to leave behind? Relevant Links: Website: https://www.baseplanning.co/ Get Connected and Supported by Sam: Apply to the Balance and Shine Group Coaching Program: https://docs.google.com/forms/d/e/1FAIpQLScdceYAOh_W72v-u--SAiuc_OiCig0LXSn1GLDl7AlC8S6C8w/viewform Join the Fit and Free Membership ($28/mo): www.fitandfreeforlife.com Instagram for Free Content: www.instagram.com/saltylifts Facebook Support Group: www.facebook.com/groups/fitandfreelife