Australian Finance Podcast
Creating your ideal day, finding motivation & life admin days with muchelleb
12 Oct 2022
Transcript generated automatically by AI and may contain errors.
Chapter 1: What does your ideal Tuesday look like?
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That means it's not specific to you, your needs, goals, or objectives, so don't act on the information until you've spoken with your financial advisor. You'll find our full disclosure, disclaimer, and link to our financial services guide in the show notes.
Hello, I'm Kate Campbell. And I'm Owen Rask. And you're listening to the Australian Finance Podcast.
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Chapter 2: How can you intentionally build a life you love?
A podcast where we talk about money, finance, investing and all that good stuff.
We're helping you invest your time and money better one podcast episode at a time.
Yes, so please subscribe if you like the series. And don't forget you can find us on social media. We're on all the platforms. Kate, where can people go?
You can find us on Instagram and Twitter at Rask Australia. That's R-A-S-K Australia.
And I'm Owen Rask on Twitter or Owen Rask AU on Instagram. Beware the imitators. People like to copy us. Without further ado, let's jump in to today's episode.
Michelle, welcome onto the Australian Finance Podcast today. Thank you so much for having me.
I'm excited to be here.
Now, it's fantastic to have a different perspective because I've spent the last few weeks recording a lot of episodes from our ETF mini-series to being an informed consumer of financial news. We even talked about investing moats. And so I was feeling like everything was a little bit investing heavy. And sometimes we need a... step back a bit and actually go, why are we doing this thing?
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Chapter 3: What should you do before setting your goals?
Why are we investing? What is the reason behind our financial goals? Why are we putting money in super? What do we actually want to do with our life? And one of our big aims of the podcast is to help people invest their time and their money better. And I really want to focus on the time and how we use it today.
And so I've got someone a little bit different on the show, Michelle, today to talk about everything from how we're actually building a life that we love, goal setting, using our time, habits, and all sorts of fun stuff. So hopefully you enjoy this slightly different episode. And I guess to kick it off, Michelle, are you able to tell me a little bit about you and what you do?
Sure, so my name's Michelle. I am a content creator primarily on YouTube, and I create content mainly about self-compassionate productivity for people who have big goals, things that they want to work towards, but maybe struggle with consistency and getting things done.
Wonderful, and I think that's a really good perspective as well because there's a lot of that hustle culture you see online. It's just you've got to do a million things in the day, and you don't really know why you're doing all these different things.
Yeah, absolutely. I'm very anti-hustle culture, much more about self-kindness, taking it slow and not getting things done for the sake of getting things done, but getting things done with a purpose.
Yeah. And it is so important to be kind to yourself when you're designing your life, when you're designing your financial goals and working towards all this. But Michelle, what does a good day look like to you?
So if we're talking a good day on a weekend, it's going to involve a little nature walk. There's definitely going to be a beach. I'll be having a juice. I'll grab a fantasy book, maybe some takeaway. A good day on a workday. It's a day when I wake up and I'm like very, very excited about what I have on for my day. So I'm looking forward to the work that I'm going to be focusing on.
Usually it's filled with meaningful progress. I find that the days where I have meaningful progress in my days are my better days. I end the day feeling really fulfilled and lots of breaks, a few work cycles, finishing the day on time and probably finishing with a book or a Netflix show.
I love that.
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Chapter 4: How do you measure meaningful progress towards your goals?
A lot of things that I like doing. I love reading fantasy books. But you mentioned meaningful progress. And I think sometimes we get to the end of the day and we go, I spent all the day at the computer in the office and I don't think I actually did anything or made any progress towards any work goals, any personal goals. And it can feel a bit like you're just repeating each day.
How do you measure meaningful progress towards your goals?
So I am someone who has a bit of a system around my goal setting. And what I like to do are weekly check-ins. I set three goals at a time usually. So I work in like quarterly batches when it comes to my goal setting, which I find keeps me focused. And it also shortens the time in which I can achieve my goals so that I'm more likely to move towards them. with ease.
So I'll do a little weekly check-in usually with my sister and we'll talk through our goals and ask each other how we're going. If we're on track, if we're still enjoying our goals, if there's anything that we may need to change. And that's probably the primary way that I track my progress when it comes to goal setting.
Okay. So you actually use someone else to check in with you.
Yes, big on a little bit of accountability, gentle accountability. But having that check-in just to remind you of even what your goals are, because it's so easy to forget, is genuinely helpful.
Yeah, I find I've done that in the past where I've just written a huge list of goals I want to achieve. And if I haven't actually got anyone reminding me, oh, these are your goals or any sort of system to work towards them, it just stays unchecked off on that list.
Absolutely. And at the start of the year or on your birthday, on those key dates, you tend to set a ton of goals and get very excited about them. And there's so many reasons why people fall off track when it comes to their goals, whether it's just they have a few hard days and then it just falls off. But sometimes it simply is just about forgetting that you're even working towards anything.
I don't know if you've ever experienced that, but that's definitely something that I've had. And having that little intentional check in keeps it top of mind.
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Chapter 5: What techniques can help manage your time better?
But I do, I like to break them down and what is the quarterly target or the monthly target and how am I going to get there? So that actually really, really helps. And I know a lot of listeners like setting financial goals, but you can set goals in lots of areas of your life.
Yeah, definitely. All the areas even.
Yeah. And I think goal setting is a good place to start because a lot of us will be used to setting financial goals and using that as a way to track our progress. But are there any other areas of your life that you find that it's really helpful to set goals in?
Absolutely. I mean, I think that you can set goals in any area of your life, if I'm being honest. Obviously, everyone listening to your podcast would have a finance focus. But goals around your mental health, I think, are really important. Goals around even just what you want your days to look like. Goals around business, maybe, which is semi-related to your financial goals.
Fitness goals, health goals. There are so many areas that you can set goals in.
Do you ever find that you become too focused on the goals and then you forget about the rest of the fun stuff in life?
Oh, I don't know that I do fall into that trap, but I think it is really easy to over focus on outcomes when really what you should focus on is the process that moves you towards those outcomes. Sometimes we get hyper focused on the things that we want to achieve rather than
Enjoy creating a process of achieving those things that is enjoyable and getting the most out of the experience of working towards those goals. And that can be really unhelpful when you tie yourself so strongly to a particular outcome. You tend to beat yourself up when you don't achieve it rather than appreciating the progress that you're making.
Yeah, I guess that ties into that identity piece when you're basing your identity based off that end goal rather than the process. And I know some of the listeners have got caught up in the past of tying their identity to a net worth goal rather than the steps that go towards achieving that goal.
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Chapter 6: What is a life admin day and how can it help?
When it comes to purchases that I would say are probably more direct related to my happiness. One area where I try not to limit myself is spending money on books. I am a really big reader, nonfiction and fiction, and every morning I'm always reading a book.
And if I ever read a little sample of a book, find it interesting, feel my brain buzzing, I try not to limit myself and I will spend as much money as is needed on books. which isn't as extravagant as it sounds because it's not like books are wildly expensive. But having that no limit budget when it comes to books brings me a lot of happiness.
Yeah, it's really interesting putting a no limit budget on parts of your life because you might really love doing something. And as soon as you're like, oh, well, I can only buy one book or whatever it is for you a month, then suddenly you feel quite constrained. And even if you take away that limit, you might only buy four books a month or something like that.
But just having that unconstrained budget in something of an area of your life that you really love spending money on does reframe it for you.
Absolutely. And one of my values is freedom. So if I feel super trapped in a lot of different areas of my life, I don't feel like I'm at my happiest. And I definitely think when it comes to money, picking those areas that bring you the most happiness and maybe not having a no budget, but having a bigger budget when it comes to those areas is really impactful.
Yeah. I presume you're familiar with the work of Ramit Sethi in this space.
Yeah. Yeah.
Yeah. He's very big on the reduced spending and things that don't bring you joy and spend a lot more on the things you love, which is fantastic. And it's a way to use money to buy happiness.
Absolutely. Yeah. No, that's a great philosophy.
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Chapter 7: How can you overcome procrastination on tasks?
Someone who is perseverant might have a belief of mental exertion just gives me more energy. So the more I do, the more energy I get and the more I can keep on going and getting really clear on those beliefs as well as those behaviors. So you could also add in things like habits. Someone who's lighthearted might have a great meditation habit and that's what keeps them lighthearted.
And then from there, I would ask yourself, what's the most enjoyable way to start embracing those attributes in my life and start setting goals around that. I think that's a great approach focusing on who you want to become versus what you want to achieve because it'll end up panning out that you'll achieve the things that you want to achieve in becoming that person.
So really stepping back before just jumping straight into setting all those huge list of goals, like who do you want to be? What habits do you want to have and what values do you want to encompass?
Absolutely. And I think that that's a step that a lot of people don't take when it comes to goal setting. They just write down a list of all the first things that come to mind, which is still, you know, it's a valid thing to do. But when you get focused and you get clear on who it is that you want to become, the life that you want to create and those values as well.
you'll find yourself setting goals that are much more aligned with you, that also you are much more motivated to step into and to become consistent with because you have a clear vision of where those goals are leading you to.
Yeah, I really like that and spending a bit more time thinking about it because if you just write your goals down right now, you're only going to be basing the goals off the information you have at this point in time or maybe goals you've seen your friends or family set and you're like, oh, I think that's a good goal to set. Buying a house is just what I'm supposed to do, right?
And if you don't do that work and look backwards and maybe look forwards as well of who you want to become, your goals might not represent necessarily what you really want them to.
Oh, absolutely. And I am someone who used to be terrible with this. Like when I was in my younger years, I would be looking up New Year's resolution lists of goal ideas and I'd be picking goals off a list and that never pans out. You need to create goals that come from a place of this is the person that I want to become. This is the life that I want to create.
And then choose your goals based on those visions for yourself.
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Chapter 8: What is the importance of self-acceptance in personal growth?
But the place that I started was the Miracle Morning. Have you heard of the Miracle Morning?
I have. It's a book I've read and not, sorry, I've bought and not read yet though.
Okay. Okay. Sure. Well, the gist of it is they have like five steps. It's scripting, meditation, visualization, you know, all of the good things that you hear about, including in a morning routine. Um, so that's where I kicked off at the start of the year. I was like, I'm going to do this miracle morning. And, um,
I was actually doing it for content I wanted to create a 30 days of miracle morning but very quickly I got to a point where I was dreading it and I had no interest in doing my scripting or my visualization and you get to that point where you're like almost rebelling against yourself and you're like don't make me do this like this is not enjoyable so at that point I decided to pivot and
to a much more sustainable way of approaching things. And instead of picking habits off a list, almost like those New Year's resolution lists, I'd focus on problems that I wanted to solve and feelings that I wanted to create. And I think that that is a really good place to start when it comes to your habits. A lot of the time we... see examples of fancy morning routines.
If you're on TikTok, there are a lot of that girl routines or productive Sunday reset routines. And we go, that's what I should be doing. But instead of having that approach, look inward and ask yourself, how do I want to feel? What problems am I trying to solve and what habits might get me there? So for example, in my morning routine, I love to learn. Learning is one of my values.
And when I learn something, when I'm reading a really good book, my brain gets all buzzy. It's got all of the good feelings accompanying it. Not only that, but reading for me solves a really strong problem. I'm a content creator. I need regular inspiration for creating my content. So when I'm reading, I tend to find that I'm a lot more inspired in my day to day.
So that was an easy habit to integrate into my morning routine. Another thing that I like to do when it comes to my habits is have habit tiers or habit menus, if you will. So The way that I think of it is not every day are you going to show up as your highest energy self.
Not every day you're going to wake up and be really pumped about life, really pumped about doing whatever habits you have in front of you. And you need to accommodate for that to expect yourself to always show up at your absolute best. isn't realistic, but it's usually what people plan for when they decide on their habits, their routines.
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