How being ‘good’ can be bad for your money
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Why do many women feel “bad with money” and how does that mindset start?
What I hear a lot from people is, I'm just bad with money or investing is too scary. We tend to believe that someone else knows better and that they should then be in charge of our own financial future.
When I had a lot of money and I wanted to invest, I was really scared to start because I felt like I was giving up so much control.
We are our own leaders. We're our own champions and we deserve to put ourselves in the best financial position. You know,
stop waiting for the right moment. Stop waiting to feel ready. Start exactly where you are.
Welcome to our special edition of Shared Lunch. Today I'm coming to you from Brisbane with authors Jessica Brady and Caitlin Judd. Sharesies is proud to be sponsoring Jess and Caitlin's Grow and Let Go book tour. Today we'll be chatting around some of the themes in their books, such as the unspoken rules and beliefs that hold us back from building wealth or even owning a business. investing involves risk you might lose the money you start with we recommend talking to a licensed financial advisor we also recommend reading product disclosure documents before deciding to invest everything you're about to see and hear is current at the time of recording jess let's start with you you're a former financial advisor a business owner a money educator and now an author what prompted you to write this book
For me, it is really around deciding that you can be better with money. What I hear a lot from people is, oh, I'm just bad with money or investing is too scary or I don't know where to start. And what I need people to remember is if you've never actually learned anything about this, it is really unfair to label yourself as quote unquote bad with something
because
you've never done it before. Like we're all starting something new all the time. And when you do it for the first time, it is scary. And what I say to people is don't wait to feel ready, do it scared, be brave. And you know, that confidence comes along the way. It only comes from doing. And so I think that that's the big thing that I want people to know is you can change your belief system. You can do stuff with money that you thought was too complicated, too hard. And you're going to look back and be like, oh, that was so survivable. I wish I'd done that sooner. Yeah.
And Caitlin, you're an entrepreneur, you've founded an entrepreneurial community, you're a business coach, and now you're an author as well. In your book, you talk about the good girl mentality. What is that and how does that impact women?
Yeah, the good girl effect is a result of the systems and the institutions that we grow up in and how they influence us to stay good, to be good, in order to feel safe, to feel loved, to feel welcome and that therefore impacts how we show up in the world and it can hold us back and it can permeate all different domains of our lives from love to health, business, finances. So I wrote a book that was all about how to untangle from that good girl, how to learn the scripts that you've perhaps inherited when you were young and then how to reclaim your power and your agency to rebuild or build a life that you love off the back of the fabulous person that you already are.
You know, Caitlin, you've actually, you know, you've had quite a portfolio career. Can you tell us a bit about, you know, what that means for you and how that shows up?
I have a background in marketing and business and I went out at the age of 25, which I think is quite young, very naive, didn't know what to expect. And I think that, you know, starting a business and working for yourself is the greatest lesson in who you are. It really forces you to face every facet of, you know, of your personality in relation with others, but also yourself. And having to also provide for yourself from a young age is quite a challenge. But it's been incredible. I have a book now, so I've just been able to almost I see it as like building blocks You start with one thing and maybe it's something that you've written about and then you turn that into a program, which I've done before, and then you turn that into, you know, something else.
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