171. How People Pleasing and Burnout Lead to Overspending (The Over-Giver)
episode
Becoming The Wealthy You | How to Save Money, Stop Overspending, Get Out of Debt, Budgeting & Personal Finance for Women
19 min
1 speaker
4 chapters
transcribed 1 month ago
Transcript
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Transcript generated automatically by AI and may contain errors.
What is the main topic discussed in this episode?
You are listening to the Becoming the Wealthy You podcast with Jermaine Foley.
If you're a woman who makes good money in your career or business, but you're not building wealth like you want to, then you're in the right place. In this podcast, you'll learn how to stop overspending, break free from the cycle of debt, save lots of cash, and become the wealthy woman you were born to be. Let's dive in. Well, hello there. Welcome back to the podcast. Okay, so before we dive into today's episode, I want to personally invite you to to sign up and register for my Stop Overspending Masterclass that is happening on Sunday, April 19th at 4 p.m. Eastern Standard Time. If you've been paying attention for the last couple of weeks, you know that we've been going through the different spending patterns and we're doing all of that together.
so that we can lead up to the Stop Overspending Masterclass, where we're going to unpack all of it. We're going to put it all together and really talk about how you can start changing the pattern or the habit of overspending. I believe that overspending is the biggest wealth stealer. Because I don't care how much money you make, if you spend more than you make, if you overspend, if you do not pay attention to that, you will find yourself broke. You will find yourself feeling behind. You will find yourself not feeling as far along as you think you should be. And this is true if you make 100K, multiple six figures, or if you make under 75K. It doesn't matter. If your spending is out of control, then it's very likely you're going to be stressed financially and you're not going to be able to build wealth like you want to.
If you're overspending, the likelihood of you being stuck in the cycle of credit card debt is very high. If you're overspending, the likelihood of you not having three to six months of expenses in an emergency fund or what I call a life happens fund is very low, right? If you are overspending, It's very unlikely that you're maxing out your 401k or that you're really investing at the level that you really need to be in order to retire a millionaire, right? And so we must get our spending under control. Now, here's the caveat. You can have your spending under control and still enjoy your life. My philosophy is that you can do both. You can build wealth and enjoy life at the same time. So just because you stop overspending, it doesn't mean that you stop spending on what's important to you.
And so that is one of the things I'm really good at is helping my clients identify what's most important to them in their lives. so that they can spend generously and guilt-free on those things and then stop overspending and impulse spending and emotionally spending on things that don't matter. And many times, it's not that we have a spending problem, is that we have an under feeling problem. Most of the times we're spending to make ourselves feel better. And I say it over and over again, and it's not your money's job to make you feel better. That is an inside job, right? You cannot use external things to make an internal difference in your life. And so the Stop Overspending Masterclass is going to really help you get control of your spending so that you can build wealth, so that you can stop stressing about money all the time.
The Masterclass is happening on Sunday, April 19th at 4 p.m. Eastern Standard Time.
What is the Stop Overspending Masterclass and how can I join?
You can go to the show notes to register and save your seat or simply go to JermaineFoley.com slash class. That's Jermaine with a G, Foley. And I cannot wait to see you all there. It will be on Zoom, but it will be the type of Zoom where you're not on camera. So you will not be on camera, but you will have an opportunity to ask questions. I will be there live and I can't wait to spend some time with you other than on the podcast. It'll be fun. So make sure you sign up and put it on your calendar so that you can actually attend live. And then if you have a girlfriend or a coworker or a sister that's that you think could benefit from the class, please, please, please invite them as well.
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Chapters
4 chaptersSpeakers
1 identifiedMore from Becoming The Wealthy You | How to Save Money, Stop Overspending, Get Out of Debt, Budgeting & Personal Finance for Women
189. How to Build Wealth Without Giving Up the Life You Enjoy
188. The Biggest Financial Mistake Women Make After Getting a Raise
187. Making Good Money Isn’t the Same as Building Wealth
186. Why Making More Money Can Still Leave You Feeling Behind
185. Your Past Money Habits Created Your Current Financial Life
184. Why Money Keeps Coming In and Going Right Back Out