My Worst Investment Ever Podcast Catherine Morgan – Always Be Curious About Yourself
BIO: Catherine Morgan is a multi-award-winning qualified financial planner and award-winning financial coach on a mission to reduce financial anxiety and increase financial empowerment and resilience for 1 million women worldwide.
STORY: Catherine and her husband bought a residential property at the markets’ peak. They sold that property for the same amount they purchased it seven years later.
LEARNING: Separate your sense of self from your money. Just take the next step, no matter how small.
“The more work we do on ourselves, the better financial decisions we will make.”
Catherine Morgan
Guest profile
Catherine Morgan is a multi-award-winning qualified financial planner and award-winning financial coach on a mission to reduce financial anxiety and increase financial empowerment & resilience for 1 million women around the world. She was featured as one of the top 32 female entrepreneurs to look out for in Business Insider. Top 1% global podcast host of the show In Her Financial Shoes.
Worst investment ever
Catherine and her husband bought a residential property at the markets’ peak. Now bearing in mind, she was a financial advisor, and her husband was a mortgage advisor. Seven years later, they sold that property for the same amount they bought it.
Catherine and her husband held on to so much self-judgment as financial professionals. They should have seen this coming. They should have known the markets were going to crash. Catherine held on to so much of that guilt for so long, which was the worst investment decision of her life. It was even worse than buying the property.
Lessons learned
- Separate your sense of self from money because the two are not intrinsically linked.
- Action steps don’t necessarily have to be big, gigantic, massive action steps. It’s the compound effect of making small decisions that build that momentum.
Andrew’s takeaways
- Just take the next step, no matter how small.
Actionable advice
Go inwards and reflect on your relationship with money. Think about where that came from, who does it belong to? How does it serve you? How does it sabotage you? Then, once you’ve taken that awareness and curiosity step, start practicing how to forgive yourself and others.
No. 1 goal for the next 12 months
For the next 12 months, Catherine intends to go from serving a million to a billion women. She plans to do this by forging stronger relationships, collaborations, connecting with wonderful people like Andrew, and supporting one another.
Parting words
“Be curious about yourself and the possibilities that exist to turn those lessons into opportunities for the future.”
Catherine Morgan
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Connect with Catherine Morgan
Andrew’s books
- How to Start Building Your Wealth Investing in the Stock Market
- My Worst Investment Ever
- 9 Valuation Mistakes and How to Avoid Them
- Transform Your Business with Dr.Deming’s 14 Points
Andrew’s online programs
- Valuation Master Class
- How to Start Building Your Wealth Investing in the Stock Market
- Finance Made Ridiculously Simple
- Become a Great Presenter and Increase Your Influence
- Transform Your Business with Dr. Deming’s 14 Points
Connect with Andrew Stotz:
Further reading mentioned
- Julia Cameron (October 2016), The Artist’s Way: A Spiritual Path to Higher Creativity