The Broke Generation

This week we're kicking off with part 1 of a 2 parter about a huuuge topic: confidence. We’re getting into the nitty-gritty of self-love and confidence, which are sneaky aspects of our lives that impact making financial decisions. No one is scrutinising us as much as we do ourselves, and it’s human nature (and conditioning) to think that a shiny new thing, like an outfit, makeup or even a diet program, will sort out all our insecurities. Fortunately, the best fix is free and usually what we actually need is a shift from seeking external validation to cultivating internal confidence. Listen in to find out how you can make that shift both online and offline, and how you can also be a positive force to those around you! Thanks to our sponsors, Wallace Advocates, AJT Legal, Lending Solved. Where to find Emma Website: https://thebrokegeneration.com/Instagram: https://instagram.com/the.brokegenerationTikTok: https://www.tiktok.com/@the.brokegeneration   Order my book, Good with Money! Sign up to The Glue: the weekly money psychology and mindset newsletter www.thebrokegeneration.com/subscribe, where you’ll also get your free Financial Values workbook. Where to find Victoria Instagram: https://www.instagram.com/bad.bitch.money/?hl=en Newsletter: https://substack.com/@victoriashakeshaftSee omnystudio.com/listener for privacy information.

When are we buying to fix ourselves, and when are we "investing in ourselves"? In this solo episode I dive into the sometimes-dangerous advice I see on social media about "investing in yourself" (which is basically just fixing yourself and/or emotional spending in disguise), and unpack the differences between healthy investments in yourself and toxic pseudo investments in yourself. Then, we move onto a model you can use to explore 7 ways you can invest in yourself in a meaningful way, and side step that toxic side of self-investment. See omnystudio.com/listener for privacy information.

Today, we tackle our very own trolley problem: If someone gives you a lottery ticket as a gift and you win, would you share the winnings? Join us as we delve into the complexities of this scenario, pondering what we'd do if we won and what we'd expect if we were the gifter. We explore themes of transparency, generosity vs. practicality, and the dynamics of relationships. Should the recipient feel obligated to share? Would the gifter expect a portion, or is the ticket purely a gift with no strings attached? We also discuss what we'd do with the winnings both immediately and in the long term. From paying off debts to investing in the future, we consider the practical steps we'd take right after winning. Plus, we share our dream lotto purchases – from luxurious holidays to buying our dream homes. Tune in to hear our perspectives and let us know on our socials what you would do if you won and what your dream purchase would be! Thanks to our sponsors, Wallace Advocates, AJT Legal, Lending Solved. Where to find Emma Website: https://thebrokegeneration.com/Instagram: https://instagram.com/the.brokegenerationTikTok: https://www.tiktok.com/@the.brokegeneration   Order my book, Good with Money! Sign up to The Glue: the weekly money psychology and mindset newsletter www.thebrokegeneration.com/subscribe, where you’ll also get your free Financial Values workbook. Where to find Victoria Instagram: https://www.instagram.com/bad.bitch.money/?hl=en Newsletter: https://substack.com/@victoriashakeshaftSee omnystudio.com/listener for privacy information.

Your ears are about to be blessed yet again by the incredible Tash Invests, as we talk about the power of frugality and its role in building wealth. We explore Tash's journey of focused frugality, strategic investments, and the behavioural discipline that led to her impressive financial achievements at a young age. Tash shares her early introduction to investing, the sacrifices she made, and the frugal habits that contributed to her financial success. We also discuss how adopting a frugal mindset, even for a short period, can significantly accelerate financial progress, regardless of your stage in life. Tune in for practical tips and insights on leveraging frugality to reach your financial goals. Episode highlights: Strategic sacrifices on financial growth Understanding and controlling expenses to accelerate wealth building The challenges and strategies of maintaining frugality as your lifestyle and responsibilities evolve. “I'm not that into frugality in terms of never having any joy in your life and never doing the things that you say you want to do or saving all your money."Emma [02:01] “I was just obsessed with getting jobs for a while. I don't know why. I just, like, loved trying new things."Emma [04:25] “It's easier to not do it at all and than to try and do something in moderation."Tash [10:11] Where to find Tash Website: https://tashinvests.com/Instagram: https://www.instagram.com/tashinvests/ TikTok: https://www.tiktok.com/@tashinvests  Listen to her Get Rich Slow Club Podcast! Order Tash's book How To Not Work Forever. Where to find The Broke Generation Website: https://thebrokegeneration.com/Instagram: https://instagram.com/the.brokegenerationTikTok: https://www.tiktok.com/@the.brokegeneration   Order my book, Good with Money! Sign up to The Glue: the weekly money psychology and mindset newsletter www.thebrokegeneration.com/subscribe, where you’ll also get your free Financial Values workbook.See omnystudio.com/listener for privacy information.

This week, we promise we're not telling pork-pies, we're tackling a dicey subject - tracking your spending. We look at various approaches - from meticulous budgeting to more relaxed methods - and their impact on financial well-being. Join us as we discuss practical strategies for managing finances, especially when you deviate from 'routine' like travel, and coping with variable incomes. We also talk about various tools for effective tracking, and how you can delve into personal spending habits, and find balance between financial goals and lifestyle choices.  Are you a never-checker or an eagle eyed control freak? Let us know on our socials! Thanks to our sponsor, Wallace Advocates, AJT Legal, Lending Solved. Where to find Emma Website: https://thebrokegeneration.com/Instagram: https://instagram.com/the.brokegenerationTikTok: https://www.tiktok.com/@the.brokegeneration   Order my book, Good with Money! Sign up to The Glue: the weekly money psychology and mindset newsletter www.thebrokegeneration.com/subscribe, where you’ll also get your free Financial Values workbook. Where to find Victoria Instagram: https://www.instagram.com/bad.bitch.money/?hl=en Newsletter: https://substack.com/@victoriashakeshaftSee omnystudio.com/listener for privacy information.

This episode is a recast of my annual guided mid year money review that is PERFECT for taking stock of where you're at as we close out the first half of 2024 and look ahead to what's to come. Even if you've heard this 5-step review process episode before, I encourage you to listen again with this year in mind. These things are always different every time we do them!  The goal of this guided mid year money review is to get you to farm the data from the first half of the year and deploy your learnings into the second half of the year. Often we approach goal setting from a best-case-scenario mindset, which can set us up to fail. By anchoring ourselves in the mid point of the year, and using the real data of Jan - June in our finances to inform what's possible for Jul - Dec, we can set goals and intentions with context, and that set us up for success.  Where to find The Broke Generation Website: https://thebrokegeneration.com/Instagram: https://instagram.com/the.brokegenerationTikTok: https://www.tiktok.com/@the.brokegeneration   Order my book, Good with Money! Sign up to The Glue: the weekly money psychology and mindset newsletter www.thebrokegeneration.com/subscribe, where you’ll also get your free Financial Values workbook.See omnystudio.com/listener for privacy information.

To kick off season two of The Comments Section, we're diving into the ever-complicated topic of splitting the bill or shared payments. We discuss scenarios where deciding who pays can be tricky, like group dinners, birthday celebrations, and even hen parties. We share personal stories that highlight the awkwardness and the need for strategies when dealing with these situations. We also touch on the dilemma of differing financial boundaries and capacities among friends and how it can complicate group outings. Knowing your friends' financial situations and setting clear expectations can help navigate these awkward moments - whether it's covering a shortfall or ensuring everyone is comfortable with their contributions, understanding and communication are key. Thanks to our sponsors, Wallace Advocates, AJT Legal, Lending Solved. Where to find Emma Website: https://thebrokegeneration.com/Instagram: https://instagram.com/the.brokegenerationTikTok: https://www.tiktok.com/@the.brokegeneration   Order my book, Good with Money! Sign up to The Glue: the weekly money psychology and mindset newsletter www.thebrokegeneration.com/subscribe, where you’ll also get your free Financial Values workbook. Where to find Victoria Instagram: https://www.instagram.com/bad.bitch.money/?hl=en Newsletter: https://substack.com/@victoriashakeshaftSee omnystudio.com/listener for privacy information.

In this episode I take you through a mid-year update on my 24 goals for 2024. From contributing to my retirement fund every month, to reading 30 books, to learning to sew with a zip, to limiting my clothing purchases, tune in to find out how I'm tracking on those goals I set back in January.  Where to find The Broke Generation Website: https://thebrokegeneration.com Instagram: https://instagram.com/the.brokegeneration TikTok: @the.brokegeneration  Order my book, Good with Money! Sign up to The Glue: the weekly money psychology and mindset newsletter www.thebrokegeneration.com/subscribe, where you’ll also get your free Financial Values workbook.See omnystudio.com/listener for privacy information.

In this episode, I explore navigating your financial goals while existing in a world of rising costs and stagnant wages. It's crucial to maintain focus and avoid a defeatist mindset. I outline five strategies to help you build financial resilience, as well as a strong mindset. Developing both mental and financial resilience is essential for handling future challenges. Consistency is key; keep pursuing financial goals despite slow progress. Focus on your personal financial journey, acknowledge fears about economic difficulties, and stay committed to your plans. Your financial situation is unique to you! Don’t let the general narrative dictate how you think and feel about money. A previous episode ‘How to find your financial chill girl and build financial resilience’ features the three P's of learned optimism - check it out here!   Episode highlights: Honesty: Critically assess your unique financial situation and avoid generalising from the broader economic climate. Behaviour: Avoid reckless spending due to perceived economic hopelessness. Money Psychology: Recognise how past experiences shape current financial beliefs and behaviours. Resilience: Build both mental and financial resilience to better handle future adversities. Consistency: Continue working towards financial goals, even if progress is slow. “Successful people, and people that have achieved their goals, don't keep hitting pause every time they run into something like a difficulty."Emma [04:26] “Shut out the noise, shut out everybody saying everything's like this or everything's like that."Emma [06:53] “Think about how your overall money story and your overall beliefs about money might be intersecting with the way that you are behaving and experiencing and feeling about money during the difficult economic climate."Emma [15:23] Where to find The Broke Generation Website: https://thebrokegeneration.com/Instagram: https://instagram.com/the.brokegenerationTikTok: https://www.tiktok.com/@the.brokegeneration   Order my book, Good with Money! Sign up to The Glue: the weekly money psychology and mindset newsletter www.thebrokegeneration.com/subscribe, where you’ll also get your free Financial Values workbook.See omnystudio.com/listener for privacy information.

See omnystudio.com/listener for privacy information.