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Gemma Mitchell

๐Ÿ‘ค Speaker
1680 total appearances

Appearances Over Time

Podcast Appearances

Australian Finance Podcast
Money coaching vs financial advice: The 5-step framework to fix your finances

So I think that's really important to understand that how you feel about money and what it means to your relationship with it is going to have a knock-on effect of every other aspect of your life.

Australian Finance Podcast
Money coaching vs financial advice: The 5-step framework to fix your finances

So when we go through coaching, we're kind of like looking at like, so the behavioral stuff, the mindset, this is not stuff you can rewrite overnight.

Australian Finance Podcast
Money coaching vs financial advice: The 5-step framework to fix your finances

And you don't necessarily need to, but that's the stuff we'll keep working on.

Australian Finance Podcast
Money coaching vs financial advice: The 5-step framework to fix your finances

But there are a couple of things, and this is a great tip, especially with payday super coming in.

Australian Finance Podcast
Money coaching vs financial advice: The 5-step framework to fix your finances

We're thinking maybe a lot of companies will change to monthly pay.

Australian Finance Podcast
Money coaching vs financial advice: The 5-step framework to fix your finances

So one of the quick wins for him was with his business, the way it's set up, he gets paid monthly.

Australian Finance Podcast
Money coaching vs financial advice: The 5-step framework to fix your finances

I get paid monthly as well.

Australian Finance Podcast
Money coaching vs financial advice: The 5-step framework to fix your finances

More common than you think.

Australian Finance Podcast
Money coaching vs financial advice: The 5-step framework to fix your finances

A quick win was instead of having one bucket of money that's his discretionary that he gets to use on whatever he wants, he's got his bills set aside.

Australian Finance Podcast
Money coaching vs financial advice: The 5-step framework to fix your finances

Instead of having that there that has to last the whole month, which is really hard, we get it to drip feed another account and he now gets paid weekly.

Australian Finance Podcast
Money coaching vs financial advice: The 5-step framework to fix your finances

So say for easy math, every week, say there's $1,000 a month.

Australian Finance Podcast
Money coaching vs financial advice: The 5-step framework to fix your finances

Yeah.

Australian Finance Podcast
Money coaching vs financial advice: The 5-step framework to fix your finances

instead of having $1,000 a month sitting in a bank account going, that's going to last me all month and going, I've got dinner with friends in three weeks.

Australian Finance Podcast
Money coaching vs financial advice: The 5-step framework to fix your finances

And we're going, nah, it's $250 a week.

Australian Finance Podcast
Money coaching vs financial advice: The 5-step framework to fix your finances

Just in that account, you get $250 a week.

Australian Finance Podcast
Money coaching vs financial advice: The 5-step framework to fix your finances

When it's gone, it's gone.

Australian Finance Podcast
Money coaching vs financial advice: The 5-step framework to fix your finances

So you now get paid every Monday or every Friday, whenever you want it.

Australian Finance Podcast
Money coaching vs financial advice: The 5-step framework to fix your finances

That was a really, really quick win that we talked about.

Australian Finance Podcast
Money coaching vs financial advice: The 5-step framework to fix your finances

And he was like, that would make my life so much easier.

Australian Finance Podcast
Money coaching vs financial advice: The 5-step framework to fix your finances

And we just did it.