716b mms: paying off $17.5k debt, spender/saver relationship, getting paid monthly + more
Apr 17, 2024
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Long-time listener Catherine discusses managing money with her partner, balancing spender/saver dynamics, and learning to navigate her relationship with money. They explore property and work goals, financial management post-health issues, using Excel for budgeting, and the significance of charitable giving and legal volunteering.
Balancing spender/saver dynamic in relationships is crucial for financial harmony.
Reviewing and updating insurance policies is essential for safeguarding against unforeseen events.
Aligning career choices with personal values leads to fulfillment and sustainable growth.
Deep dives
Money Management and Financial Goals
Managing money involves setting financial goals, from investing and paying off debt to building emergency funds and upskilling in one's career. The importance of automating finances and having structured plans like the Glenn J. S. spending plan is highlighted. Listeners are encouraged to stay focused on financial objectives and learn from others' money stories.
Importance of Protecting Income and Planning Ahead
The podcast stresses the significance of income protection and death cover in financial planning. Examples of the impact of lack of insurance are shared, emphasizing the need to safeguard against unforeseen events. Listeners are advised to review and update their insurance policies as needed.
Personal Finance and Career Choices
Discussions include personal finance reflections, career experiences, and planning for the future. The importance of determining values and aligning them with career choices is emphasized. The host provides insights into transitioning from employee to self-employed roles based on individual risk tolerance and values.
Charitable Giving and Personal Growth
Personal growth is linked to embracing risk-taking and aligning behaviors with values. The podcast guest shares insights on charitable contributions, pro bono work, and finding fulfillment beyond financial success. The focus is on building resilience, making conscious choices, and fostering personal development.
Networking and Exploring Career Paths
Encouragement is given to explore various career paths, engage with peers for insights, and expand professional networks. The value of seeking experiences that align with personal values and goals is underlined. The importance of continuous learning, seeking mentorship, and taking calculated risks is highlighted.
Embracing Personal Growth and Seeking Fulfillment
The podcast conversation navigates personal growth, financial aspirations, and career trajectories. Considerations regarding happiness, fulfillment, and future opportunities are explored. The narrative encourages self-reflection, pursuing passions, and adapting to changing circumstances for holistic success.
In today's my money story episode Glen chats with long time listener, Catherine. Catherine touches on her property and work goals, how she manages money with her partner and balancing the spender/saver dynamic as well as how she's learning to navigate her tricky relationship with money which she describes as "a really annoying friend that she likes to keep at a distance".
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