Join Bernadette Joy, a vibrant money coach and author of "Crush Your Money Goals," as she shares her inspiring journey from a daunting $300,000 debt to financial independence. Learn about her innovative CRUSH method for setting financial goals and why she challenges traditional views on emergency funds. Bernadette discusses the emotional aspects of money management, the importance of mindful spending, and transforming side hustles into meaningful businesses. Discover her fresh take on budgeting with her $1 Rule and the concept of 'screenless Sundays' for enhanced well-being!
Bernadette Joy introduces her CRUSH framework for financial goal setting as a more ambitious alternative to traditional SMART goals.
Her personal journey of overcoming $300,000 in debt highlights the importance of cultural influences on financial perspectives and goals.
Joy emphasizes the need to heal past financial traumas to develop a healthier relationship with money and encourage intentional spending.
Deep dives
Cashback Rewards Program
A cashback rewards program is introduced, encouraging consumers to purchase Colgate Palmolive products as a way to save money and refresh household essentials. By spending up to $30 on eligible products, shoppers can snap a picture of their receipt and upload it to CPRewards.com, earning up to a $10 digital visa prepaid card. The program is designed to incentivize spending on trusted household items, promoting both savings and convenience. This initiative runs from January 1st to March 31st, 2025, featuring specific eligibility criteria and terms.
The Importance of Professional Financial Guidance
Navigating personal finance can be complex, and even knowledgeable individuals can benefit from professional advice. A Certified Financial Planner (CFP) from Domain Money can analyze individual financial situations, providing tailored strategies to meet diverse financial goals. With limited-time offers for free 30-minute strategy sessions, potential clients are encouraged to explore their financial needs with experts. Engaging with professionals can lead to better understanding and management of personal finances, ultimately driving progress toward financial objectives.
The Power of Goal Setting with Crush Strategy
Bernadette Joy emphasizes the importance of effective goal setting through her CRUSH framework, positioning it as a more ambitious alternative to traditional SMART goals. The CRUSH approach encourages individuals to aim for audacious goals and to reframe barrier perceptions related to financial independence. Focusing on aspirations rather than solely on realistic limits can lead to a greater sense of achievement and progress. The discussion also revolves around practical steps to align personal values with financial goals, enhancing overall motivation.
Debt Payoff and Cultural Influences
Bernadette Joy shares her own journey of grappling with significant debt and how her cultural background influenced her financial perspectives. By employing the snowball method for debt repayment, she was able to gain momentum and achieve her financial objectives. Joy highlights the importance of balancing cultural values with financial well-being, explaining how societal expectations can create barriers to financial discussions. Recognizing and confronting these challenges inspires personal growth and a healthier relationship with money.
Healing Money Wounds and Prioritizing Community
Healing past financial traumas is essential for developing a healthy relationship with money, as it allows individuals to move beyond fear and uncertainty. Bernadette underscores the significance of addressing these 'money wounds' and advocates for self-awareness through reflection and therapy. Additionally, she challenges the conventional advice of strictly limiting dining out, proposing that shared meals can enhance cultural connections and community building. By prioritizing intentional spending that fosters relationships, individuals can enrich their lives while managing their budgets.
SMART goals are out, CRUSH money goals are in! We’re joined today by expert money coach Bernadette Joy, who we met for the first time last year at the nerdy personal finance and media conference that we attended. We actually gave a talk, while Bernadette was the host for the entire conference, and there may not be anyone else on earth with as much personal finance enthusiasm as Bernadette. She’s a breath of fresh air to the world of personal finance and is featured monthly in Forbes, CNBC, and CNET. Her new book, Crush Your Money Goals, came out last month and we were stoked to discuss a number of topics like clawing out of $300,000 of debt, scaling side hustles into legit businesses, why Bernadette hates the term “emergency fund”, her $1 Rule, a new take on the Shabbat, and plenty more!
Want more How To Money in your life? Here are some additional ways to get ahead with your personal finances:
Knowing your ‘money gear’ is a crucial part of your personal finance journey. Start here.
Sign up for the weekly HTM newsletter. It’s fun, free, & practical.
During this episode we enjoyed an Asahi Super Dry! And please help us to spread the word by letting friends and family know about How to Money! Hit the share button, subscribe if you’re not already a regular listener, and give us a quick review in Apple Podcasts or wherever you get your podcasts. Help us to change the conversation around personal finance and get more people doing smart things with their money!
