Ladies Finance Club - Get Rich

On the episode today we are joined by Lisa Simpson, a financial counsellor who helps people to get out of debt. After working for over 13 years as a Financial Counsellor and Educator Lisa has developed a passion for Financial Coaching and Literacy and her broad knowledge base allows her to assist people from all walks of life, all ages and circumstances.   Lisa has a passion for teaching people what they don’t know about money. She shares with us the common ways that people are getting into debt. In her most recent role, she was looking at people’s bank statements every day and saw a huge number of Buy Now Pay Later entries on their bank statements. Overcommitting via Buy Now Pay Later is so easy, and Lisa shares the ways that these kinds of debts can easily get out of control.   Lisa also shares why Buy Now Pay Later aren’t regulated under the ASIC rules like other bank products and why this has created financial hardship for so many.   I know if these products were around when I was in my late teens and early twenties I definitely would have got myself into debt. Lisa provides guidance on what to do if you have a Buy Now Pay Later debt, with the first step being a budget, which she likes to term a personal money map. Essentially, this gets you from where you are now, to where you want to be. I love this way of looking at budgeting! Lisa teaches us about the snowball method of paying down debts.   Lisa also shares the downfalls of Buy Now Pay Later products, and why the ‘no interest’ term hides the other fees and charges that can apply.   Lisa explains why the four walls of your own home are the most important costs to consider first and why you should prioritise these four needs over wants.   If you’re in debt, there is help available. Lisa shares how Financial Counsellors can help. There is also significant help available from utility providers, banks and even grants, including payment plans, energy audits and moratoriums (essentially a payment holiday!).   Lisa also steps us through ways of approaching hard financial conversations with your partner. These can be hard, but Lisa’s tips will really help.   A common money problemo we often get asked about is - will a Buy Now Pay Later debt affect their credit rating? Lisa explains the difference between your credit report, credit rating and your credit score and what is and isn’t listed on these.   Ladies, if you’re in debt (no matter how much), help is available and is so much easier to access than you might have thought!   Resources mentioned:   Connect with a financial counsellor: 1800 007 007 (National Debt Helpline)   QLD: Home Energy Emergency Assistance Scheme (HEEAS)   VIC: Utility relief grant scheme (URGS)   NSW: Energy Accounts Payment Assistance (EAPA) vouchers   SA: Energy bill concessions   Debt Snowball Method - Scott Ramsay   Domino Your Debts - Scott Pape (Barefoot Investor)   Atomic Habits - James Clear CONNECT WITH LISA SIMPSON   LinkedIn:    https://au.linkedin.com/in/lisa-simpson Facebook:    https://www.facebook.com/uncommoncentsgoldcoast/ CONNECT WITH LADIES FINANCE CLUB Join our free facebook group - Ladies Finance Club Money Chat   Website:    https://www.ladiesfinanceclub.com/ Instagram:    https://www.instagram.com/ladiesfinanceclub/ LinkedIn:    https://www.linkedin.com/company/ladies-finance-club/Throw some coins in our tip jar: https://buymeacoffee.com/ladiesfcSee omnystudio.com/listener for privacy information.

For today’s episode, I am so excited to be joined by Kristen Hartnett from the Salvation Army’s Moneycare financial counselling program to talk all things debt (and how to get out of it!). Moneycare is a free, Australia-wide, professional and confidential service for anyone and everyone who finds themselves in financial hardship.   Kristen explains to us the most common forms of debt that people come to talk to them about, including credit cards, Buy Now Pay Later, personal loans, utilities, taxation, fines, child support or owing money to family and friends. There are so many ways to get into debt these days, the important thing is that you talk to someone about it and explore your options.   Ladies, if you’re in debt, there is so much you can do to get out of it. Kristen shares some incredible tips - there are so many more options than you might know.   In terms of budgeting, Kristen lets us know how to get started, recommends some really great resources, and shares that the best way to approach budgeting is to tackle one thing at a time.   Kirsten also breaks down Buy Now Pay Later debt, explaining that even though the product is sold as being ‘interest-free’, if you don’t pay the product back in time, then you start incurring fees and charges. These products can be pretty scary because they are easy to get into and are unregulated, which means there are no credit checks. Kristen also explains credit card debt and shares how this kind of debts can often snowball. As we say at LFC, when things get drastic, don’t stick it on the plastic!   Understanding your money story is another great tip from Kristen. She reminds us that the stories we often tell ourselves about how we are about money often aren’t true. If you’re feeling hopeless with money, you are likely overlooking all the ways you are great with it. Changing your story around money can be really powerful.   We also chat about how important it is to understand your debts and bills if you share them with your partner.    Kristen reminds us that debts don’t go away, but just as they grow day by day you have the power to make them go away, day by day. She reminds us that there's always hope and light at the end of the tunnel and that your debts don’t have to define you. You can get out of debt, and there are people who can help! Resources mentioned:   Money Care Financial Counseling Program Website: https://www.salvationarmy.org.au/about-us/our-services/moneycare/ Phone: 1800 722 363 Email: moneycare@salvationarmy.org.au   Moneysmart   You're the Boss - book and course   Podcasts: Huberman Lab podcast  /  Criminal podcast   Books / authors: Fierce Self Compassion  /  Sally Hepworth   CONNECT WITH KRISTEN HARTNETT   Twitter    :    https://twitter.com/kristenhartnett?lang=en LinkedIn:    https://au.linkedin.com/in/kristen-hartnett-18643598 CONNECT WITH LADIES FINANCE CLUB Join our free facebook group - Ladies Finance Club Money Chat   Website:    https://www.ladiesfinanceclub.com/ Instagram:    https://www.instagram.com/ladiesfinanceclub/ LinkedIn:    https://www.linkedin.com/company/ladies-finance-club/Throw some coins in our tip jar: https://buymeacoffee.com/ladiesfcSee omnystudio.com/listener for privacy information.

Welcome to our Girls Just Wanna Have Funds mini-episodes!    Every week we chat to normal gals like you and me (who don’t work in finance) about how they invest their cashola.   Today, I’m chatting with the lovely Kenzia Dawn who is a freelance journalist at Channel 10 and producer at ausbiz TV. She’s rather new to investing and she shares her inspiring story of how she gained control over her money - all by herself!   Anyone can do it ladies! Financial freedom can be yours.   CONNECT WITH KENZIA Instagram: https://www.instagram.com/kezia_dawn/ Website: https://keziadawnmedia.com/ CONNECT WITH LADIES FINANCE CLUB Join our free facebook group - Ladies Finance Club Money Chat Website: https://www.ladiesfinanceclub.com/ Instagram: https://www.instagram.com/ladiesfinanceclub/ LinkedIn: https://www.linkedin.com/company/ladies-finance-club/Throw some coins in our tip jar: https://buymeacoffee.com/ladiesfcSee omnystudio.com/listener for privacy information.

When we talk about tax, it’s very easy to switch off and think of last night’s episode of The Bachelor but not anymore! On the episode today we’re chatting to Helen Francis, Principal Accountant of Ty Francis. Helen’s on a mission to make talking tax a lot less boring and a little more sexy.   In our conversation, we talk about how tax confuses so many of us and the biggest mistakes she sees ladies make with their tax return.   Helen explains the tax dates and how these vary depending on your circumstances. She also runs us through the things we don't need to tell the tax man about and when that side hustle of yours is and isn’t considered to be a hobby for tax purposes.   Helen lets us know what we can and can’t claim (and what people try and get away with claiming!). She also explains home office expenses and that all-important question of capital gains tax around investments! This part is so helpful if you’ve been making those dollars on your investments in the last financial year. Helen also cautions where things can get complicated with dividend re-investment plans and her recommendations around record keeping if you’ve got that happening.   We also cover how we actually legally reduce our tax bill (keyword being legally!). Helen runs us through superannuation and the benefits of voluntary superannuation contributions, as well as that advantageous but damn hard option of negative gearing.   Helen also explains the medicare surcharge and the key point you need to know if you’re in a couple. Also, if you’re not sure how things work with HECS, Helen gives us the lowdown!   We also chat about email hacks to deal with that Sunday night email anxiety - life-changing!   Ladies, I feel like an absolute tax guru after this chat - I know you will too!   CONNECT WITH HELEN:   Instagram:    @taxmermaid_ CONNECT WITH LADIES FINANCE CLUB   Join our free Facebook group - Ladies Finance Club Money Chat   Website:    https://www.ladiesfinanceclub.com/ Instagram:    https://www.instagram.com/ladiesfinanceclub/ LinkedIn:    https://www.linkedin.com/company/ladies-finance-club/Throw some coins in our tip jar: https://buymeacoffee.com/ladiesfcSee omnystudio.com/listener for privacy information.

Welcome to our Girls Just Wanna Have Funds mini-episodes!    Every week we chat with gal pals (who don’t work in finance) about how they invest their cashola.   Today, I’m chatting with Ellie - @thelady.fire about how she first dipped her toe into investing, why it’s important to know your fees and how the FIRE movement (Financial Independence Retire Early) drives her.   Ladies, you don’t need tens of thousands to invest - Ellie shows how investing is absolutely achievable!   Resources mentioned: CONNECT WITH ELLIE:   Website:    https://theladyfire.com/   Instagram:    @thelady.fire CONNECT WITH LADIES FINANCE CLUB   Join our free Facebook group - Ladies Finance Club Money Chat   Website:    https://www.ladiesfinanceclub.com/ Instagram:    https://www.instagram.com/ladiesfinanceclub/ LinkedIn:    https://www.linkedin.com/company/ladies-finance-club/Throw some coins in our tip jar: https://buymeacoffee.com/ladiesfcSee omnystudio.com/listener for privacy information.

Are you someone who’s good at setting goals? If you’re not, maybe it’s just because you don’t have the right process in place. On today’s episode, I talk to Briony Benjamin all about how to become a GOAL-GETTER. She talks us through her awesome process of how she sets goals.   Also! You might hear some similarities in our voice (and last name) - Briony is my sister! But she’s not just that, she’s also an international speaker, author and viral video maker.   Bri runs us through her background which includes a commerce degree, film school, founding a speech and drama school, and creating viral videos with Mamamia. She also reveals what it felt like to face a shock cancer diagnosis in her early thirties and talks about her first book Life is Tough, So are You which documents the most important lessons she learnt on this journey.   Not only is Bri great at kicking cancer’s butt, but she is also VERY good at setting goals.   Bri talks us through why the goals we set fail and the things that we can put in place to transform them from dumb goals into SMART goals. She reminds us to not be too ambitious (don’t go from zero to hero ladies!) and that mindset is key.   Bri talks us through the goals she sets, how to review your goals for optimal results and some reflection questions that will help craft the ultimate goals for the coming year.   Bri helps direct your goal setting with some great categories you can make goals in - financial, personal development, relationships, work career business, health and fitness, emotional and mental health, time, contribution to community, fun and holidays.   We also talk about vision boards, scheduling, ta-da lists, and how a photo album can transform your gratitude practice.   You are going to love this chat and I’m so excited for you to hear about how Bri uses goals to craft her best life! Resources mentioned: Tony Robbins quote Ladies Finance Club free resources Project management software monday.com Career And Confidence Vision Board Kit - Shannah Kennedy PepTalkHer Kemi Nekvapil - The Gift of Asking Soulara CONNECT WITH BRIONY: Website:    https://www.brionybenjamin.com/   Book:        https://www.brionybenjamin.com/book/   Instagram:    @briony_benjamin   CONNECT WITH LADIES FINANCE CLUB   Join our free Facebook group - Ladies Finance Club Money Chat   Website:    https://www.ladiesfinanceclub.com/ Instagram:    https://www.instagram.com/ladiesfinanceclub/ LinkedIn:    https://www.linkedin.com/company/ladies-finance-club/Throw some coins in our tip jar: https://buymeacoffee.com/ladiesfcSee omnystudio.com/listener for privacy information.

Welcome to our Girls Just Wanna Have Funds mini-episodes!    Every week we chat with gal pals about how they invest their cashola.   Today, I’m chatting with Jessica - @leungway about all things ETFs and how getting into investing is easier than ever.   Let’s get ETF savvy! CONNECT WITH Jessica:   Instagram:    @theleungway   YouTube:    https://www.youtube.com/channel/UCTnmby77jIoz6GLQevjmVQQ CONNECT WITH LADIES FINANCE CLUB   Join our free Facebook group - Ladies Finance Club Money Chat   Website:    https://www.ladiesfinanceclub.com/ Instagram:    https://www.instagram.com/ladiesfinanceclub/ LinkedIn:    https://www.linkedin.com/company/ladies-finance-club/Throw some coins in our tip jar: https://buymeacoffee.com/ladiesfcSee omnystudio.com/listener for privacy information.

This episode is about one of my favourite things - why you need to set up an OMG fund, aka emergency fund, rainy day fund, and f***off fund (we explain why!). Lana our COO is on board for this episode and we step through everything you need to know about an OMG fund.   We start off with - what is an OMG fund? Quite simply it’s money you keep in a separate bank account that you only use in emergencies. It’s your new safety net and sits in cash.   Why do we need an emergency fund? Well, if COVID taught us anything,  it was that random shit that you’d never expect to happen happens!   We play a fun game called emergency vs. non-emergency and explore all the times when it IS ok and NOT ok to spend your OMG fund! Mental health and physical well-being are definitely reasons for dipping into your OMG fund.   The steps to open an OMG fund are simple. I step you through how to do this, including tips on how to set that emergency cashola saved up. There are so many creative ways you can make extra cash on the side - we run through those too. Where there’s a will there’s a way. Remember this is short-term pain for long-term gain!   We also talk about our own emergency funds and when we’ve needed to use them recently. The beauty of an emergency fund is that it relaxes you, gives you peace of mind and means you can get on with your life when emergencies come along.   Ladies, you’ve totally got this! This is your first step to creating a strong financial future.   Resources mentioned: Ladies Finance Club Free Resources Fiverr Upwork The Right Fit TRIBE Vamp   Previous episodes mentioned: Kill Your Bills with Joel Gibson   CONNECT WITH LADIES FINANCE CLUB Join our free Facebook group - Ladies Finance Club Money Chat   Website:    https://www.ladiesfinanceclub.com/ Instagram:    https://www.instagram.com/ladiesfinanceclub/ LinkedIn:    https://www.linkedin.com/company/ladies-finance-club/Throw some coins in our tip jar: https://buymeacoffee.com/ladiesfcSee omnystudio.com/listener for privacy information.

Welcome to our Girls Just Wanna Have Funds mini-episodes!    Every week we chat with gal pals (who don’t work in finance) about how they invest their cashola.   Today, I’m chatting with Tash - @tashinvests about her epic money mindset, her biggest investment mistake and her personal investing strategy.   Ladies, you don’t need much to get started! CONNECT WITH TASH:   Website:    https://tashinvests.com/ Instagram:    @tashinvests Twitter:        https://twitter.com/tashinvests CONNECT WITH LADIES FINANCE CLUB Join our free Facebook group - Ladies Finance Club Money Chat   Website:    https://www.ladiesfinanceclub.com/ Instagram:    https://www.instagram.com/ladiesfinanceclub/ LinkedIn:    https://www.linkedin.com/company/ladies-finance-club/Throw some coins in our tip jar: https://buymeacoffee.com/ladiesfcSee omnystudio.com/listener for privacy information.

My guest today is Joel Gibson, the author of Kill Bills, a money saving expert, columnist and Campaign Director at One Big Switch. His motto is to save as much as you can on the boring stuff so you’ve got money to spend on the fun stuff. So, if having more money to spend on fun sounds like your kind of thing, tune in to hear some insider tips and tricks for paying less on your bills.    In this episode, Joel gives us the run down on why the cost of everything from lettuce to energy bills has increased and he shares his top hacks for minimising what you spend on household bills, groceries and petrol.    In his book, Joel shares 9 different areas to master to become a money saving ninja, and today he shares some great advice on a couple of these areas, including how to negotiate your bills, and why you should be ruthlessly disloyal.    The cost of living is on the rise, but with Joel’s hacks, he assures us that we can save hundreds, if not thousands of dollars in a matter of minutes. Stay tuned to the end of the episode where Joel and I play a game of yay or nay, talking about everything from Uber Eats to credit cards.    We’d love to hear about the savings you find after implementing Joel’s money-saving hacks.  CONNECT WITH JOEL GIBSON LinkedIn: https://www.linkedin.com/in/joel-gibson-29939354/ Book: Kill Bills CONNECT WITH LADIES FINANCE CLUB Join our free Facebook group - Ladies Finance Club Money Chat Website: https://www.ladiesfinanceclub.com/ Instagram: https://www.instagram.com/ladiesfinanceclub/ LinkedIn: https://www.linkedin.com/company/ladies-finance-club/Throw some coins in our tip jar: https://buymeacoffee.com/ladiesfcSee omnystudio.com/listener for privacy information.