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Anne-Lyse Wealth
This is the Dreamers Podcast episode 64 with Me Myself in Ai, Today is April 5, 2022.
Hello World, welcome to the dream of podcast. I am Stephanie and also known as and he's wealth. I'm a financial coach, and an author. I self published my first book, A Guide to help dreamers with financial independence, and build generational wealth. In this podcast, I'll have conversations with experts and thought leaders who dare to follow their dreams. You'll hear about their journey and their money story. I hope it inspires you to live life on your own terms. Come.
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On dreamers, let's change the world.
Anne-Lyse Wealth
This podcast is brought to you by Dream of legacy, check out dream of legacy that calm for resources to assist you on your journey to financial independence. Before we get into today's episode, please take a couple minutes to go into Apple podcasts. If you're listening from an Apple device to rate and review the podcast. If you appreciate the free resources that are provided in this podcast, then the best way to let me know is to do just that. reviews help the podcast be more visible, and it helps other dreamers discover the podcast. So thank you. I appreciate you. And now let's get back to today's episode.
Hello, welcome to the dreamers podcast. I'm your host ammies wealth. Thank you for joining me for this solo episode of the podcast. If it's your first time listening to the podcast, and I hope you enjoy what you hear and that you're hit follow so that you never miss an episode. If you've been rocking with me for a while. Thank you. This is the first episode of April, we had some amazing guests on the podcast and March, we spoke about how to be intentionally rich, weird Anji an ij. From rich by intention, we talked about how to let go of trauma to live in abundance with just sent one Mala of descent jams. Tanya rapidly touched on how to unleash the power within you to become limitless. And just last week, we had Anthony O'Neill, who chatted with me about building influence and maximizing each season of your life. So today, I want to talk about writing your money story. I recently wrote a piece for the Harvard Business Review ascent. And it was about how to build wealth when you don't come from any. For that piece I interviewed for women who came from humble beginnings and went to build wealth for themselves and their families, I received a lot of good feedback about that piece because it covered wealth building from a different perspective, really, because to me, when it comes to building wealth, developing habits, and having systems are both very important. But before you can even get to that, I think that there's some mindset work that needs to happen. And so I definitely encourage you to read that piece, I will make sure to link it in the show notes. But writing that piece, as inspired me to record a solo episode about writing or rewriting your money story. So on the podcast, as well as the writer have interviewed wealthy people, people on the path to being wealthy, most of the people that have interviewed didn't inherit their wealth. And it got me thinking about what do these people have in common. And so for this episode, I narrowed down six steps to help you no matter where you are in life right now, improve your relationship with money and write your own story. The first step I believe is taking it back to the beginning. When it comes to money. Most people form their habits and opinions by age seven. So I think it's important for us to go back and look at the impact that money had on our life early on. For most of us, our attitudes, views, behaviors, when it comes to money are impacted by experiences that we had early on. So for instance, if you grew up in a house where there was a lot of stress around bills and money, then it's normal to grew up and not want to talk about it. It's normal to grow up and feel stress whenever you even think about money. I remember when I interviewed Lawrence delva Gonzalez on Episode Nine of the podcast and he talked about how Sometimes his family would not answer the phone because it was bill collectors calling and all of the stress that was associated with that, that really impacted him. And it wasn't until he acknowledged the trauma and decided to do things differently that his finances improved, and now is well on his way to becoming a millionaire. If you grew up in a household where your parents or your family talked about investing, managing debt, and the positive side of having money, or what money can do for you, then you are going to have a totally different outlook on money. So I think the first step really is to understand the impact that your upbringing, your early financial experiences, have had on your views on money and start questioning them. So once you've taken the time to sit down and really analyze your relationship with money, how you feel, when you think about money, when you look at your bank account, if you have an investment account, when you look at your investment account, all those feelings, you acknowledge them, then the second step is Be mindful of what you tell yourself. So if you are constantly telling yourself that you're not good with money, the outcome is you're not going to be good with money. If you tell yourself that you cannot earn more money, then you're not going to earn more. If you tell yourself, I'll never be able to afford it, then you signaling to your brain that shouldn't even bother trying to figure out how. So being mindful of the things that we say when it comes to money, and what we tell ourselves and changing it for positive affirmations. So instead of saying, I'll never be able to afford this, it could be I can't afford it right now. But how can I do it? Instead of saying, I am broke, tell yourself, no, I am not broke. My finances are not the best right now. But I am figuring it out. Instead of saying, I'll never earn that much money, decide if you want to earn that much. And then start thinking about a plan to get there. So whatever limiting beliefs you may have, when it comes to wealth building, let go of them. Because it all starts with you believing that you are worthy of the wealth that you want to build, that you are worthy of looking at your bank account, investment accounts, and smile and be happy and not be stressed all the time. You are worthy of earning the income that you desire. It all starts with changing the mindset and what we believe is possible and what we tell ourselves. Step number three, forgive yourself. Nobody is perfect with me. Some people make huge mistakes, others make smaller mistakes. But at the end of the day, you cannot go back and fix the mistakes. So it's important to let go of them learn whatever it is that you need to learn from them, and move on, forgive yourself. As long as you're here, you have the power to change things. So if you are in debt, instead of telling yourself that you will be in debt for the rest of your life, look at your situation right now. Go ahead and calculate your net worth your assets minus your liabilities. Look at the debt that you have come up with a plan. There are plenty of resources available for free, you can visit dream of legacy.com, you can listen to previous podcast episode of guests who had huge amounts of debt. And instead of accepting that it was going to be part of their life forever. They decided to tackle the issue. They created a plan and they got rid of the debt or made a huge bet. As long as you here. You can change things, whatever mistakes you made. There's no point in reacting how you should have done things differently. You could have done it differently. It's already done. So what do we do going forward to either fix the issue and never repeat the same mistake. Just last week, I had Antonio Neil, on the podcast, he talked about being a teenager having $35,000 of debt dropping out of college being homeless, but at some point, he decided that he was going to fix the issue. So he did, but that wouldn't have happened if he hadn't accepted that. That's the situation. I've already made the mistake, and I should let go of it and do better going forward. Step number four, you have to set goals, you have to set financial goals. One thing that I always talk about is how the pursuit of money is never going to stop. So you have to know what it is that you're working towards. Because if you're just trying to become a millionaire or make 10 millions of dollars or a billion dollars, then there's always going to be the next goal. So really, I think it's important to look at what it is that you want from For your life, how do you envision the perfect life and figure out if you can estimate the cost? What's your ideal neighborhood? What type of school you want your kids to go to? If you care about cars, what kind of car you want to drive? Do you like to go on vacation? How many vacations Do you want to go on? How do you want to travel? Do you want to eat out? What kind of experiences do you want to have? What kind of experiences do you want to provide your family, go through the exercise, estimate the cost of the life that you want. But then the next step is not to figure out how to finance it on credit. But really, to figure out how much money you would need to earn to be able to afford that life. Right now, we don't need to figure out how all we need is to figure out what the goal is, or what the goals are. But also remember that we are human beings, we change our minds. So these goals that you're setting right now are not set in stone, you can adjust over time. But it's important for you right now to know what you're working towards. Write it down, write down those goals, calculate how much it's going to cost you, and figure out how much income you need to make to live the life that you want to live. Step number five, you need a plan, you need to come up with a plan. And to come up with a plan B take the time to educate yourself, you need to be in tune with what it is that you want, and to now what other people want for you and for your life. And you need to figure out which of your skills can help you get to that plan. So this is the perfect time to take an inventory of the skills that you have, this is the perfect time to refresh your resume. This is the perfect time to start a business, this is a perfect time to figure out your investment strategy. And this is the perfect time to project yourself and see yourself reaching those goals. I think most of us we set goals, and then we forget about them. But when you have a plan, and when you keep your plan close, you are more likely to reach the goal or reach the goals. And the last step is to be flexible. I think there are so many different ways to build wealth, there are so many different options that are available. And sometimes it can be overwhelming. So it's not about picking 50 different ways to get to your destination. When you have a plan. When you know which route or route you're going to take on your wealth building journey, you also have to be open to the fact that on the journey, you may have to adjust your plan. Because sometimes also we can be so so so focused on following the plan, that we don't even realize that there are other opportunities, better opportunities, more suited opportunities for us right in front of us. So being flexible, I believe is very important. But again, that doesn't mean that you follow what everyone else is doing. You still have to be in tune with what it is that you want for your life, and what makes sense for you. Really, it's never too late to write or rewrite your money story. But for the story to be yours, you have to own it. It can't be based on someone else's expectations, someone else's plans, someone else's aspirations for your life, your story has to come from you. So you have to be in tune with what it is that you want. So step number one, acknowledge the early relationships with money that have made you fail the way that you feel about money. Step number two, change what it is that you tell yourself and let go of limiting beliefs. Step number three, forgive yourself. Step number four, set specific financial goals. Step number five, create a plan. And step number six, be flexible and understand that the plan may have to change over time. These are six steps that I've noticed were common in a lot of the people that I interviewed. And I hope that be helpful. And remember, it's never too late to change the narrative. It's never too late to improve your relationship with money and write your own money story. I hope you enjoyed today's episode. Next week on the podcast
I'm chatting with Charlene rain height. Thank you for listening to today's episode of The Dreamers podcast. You can find the episode show notes and all of the links mentioned at dream of legacy.com If you like today's episode, here's what you can do to support me and help more dreamers discover the podcast follow the podcast on Apple podcasts. or wherever you listen to podcast rate and review the podcast to help the podcast gain more visibility. Share the podcast with your family, friends and co workers. And if you really enjoy today's episode, please take a second to tag me at the dreamers that podcast on Instagram and let me know what you liked about today's episode. Alright dreamers. That's it for today. I will see you back here next week for another episode of The Dreamers podcast.
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