Joining us in the booth this week are Elisabeth and Nitika who are the co-founders of Alia Money which is a fintech company on a mission to close the wealth gap. In this episode we discuss: Why you need to define your life and money goals The cost of your life goals and how it will determine your financial/money goals A simple way to break down your money goals Why 80% of people ditch their financial goals in the New Year How to put systems in place to achieve your goals and so much more! 🔗 Connect with Elisabeth and Nitika: Instagram - https://www.instagram.com/ailamoney 📩 Sign up to my mailing list to be the first to know about upcoming events: http://eepurl.com/hJEcLL Check out our partners who offer Stocks and Shares ISA and more: ⚡️Trading 212⚡️ (The investing platform I use) Get a FREE fractional share worth up to £100 when you open an ISA or invest account and deposit at least £1, using my link: https://www.trading212.com/join/SAVVY If you don't get the free share automatically after depositing £1. Use the code "SAVVY" in the promo code box. You can use this code for up to 10 days after opening the account. When investing, your capital is at risk. Tax treatment depends on your individual circumstances and regulations which may change. Other fees may apply. ⚡️Hargreaves Lansdown ⚡️ http://hl.7eer.net/B0mz50 Capital at risk ⚡️Interactive Investor ⚡️ https://prf.hn/click/camref:1101l3RTLM/ar:SW Capital at risk Check out our partner who is offering an Instant Savings Account Earning 4.07% AER Variable for your Business: Tide - https://tide.onelink.me/IS48/SavvyWallet T&Cs Apply. Learn AI, Cybersecurity, Project Management, Data Science & more with the education platform that I use: 📚Coursera https://imp.i384100.net/savvywallet Some of the links are affiliate links which means that we will receive a small commission if you make a purchase, however there will be no additional charge to you. ➡️ Follow Savvy Wallet on: Instagram: https://www.instagram.com/savvywallet TikTok: https://www.tiktok.com/@savvywallet TIMESTAMPS 00:00 - Preview 00:53 - Intro 01:29 - Meet Money Experts: Elisabeth & Nitika 05:14 - Gender wealth gap is over 7 generations 13:44 - What is a life goal & why is it important? 17:47 - How to define your life goals? 21:16 - Why you need to know the cost of your life goals? 23:15 - We find it hard to think about our future selves 26:58 - How to have the life goals conversation with your partner 30:27 - Emotions people have with life goals 34:00 - A simple way to break down your life/financial goals in 2025 42:19 - How to talk to your friends and family about money? 46:25 - Do this if someone opens up to you about money! 47:25 - How your life goals translate to a financial plan 50:26 - Life goals vs financial goals 51:32 - 80% of people ditch their financial goals 56:18 - Reframe your expectations & money habits! 01:01:35 - Systems you can use to help you achieve your goals 01:05:17 - Save your pay rise for your future self! 01:07:56 - Impact of the pension enrolment scheme 01:10:27 - How to spend less! 01:15:51 -How Elisabeth and Nitika improved their behaviour with money 01:19:15 -Behavioural science and money! 01:23:32 - How Aila money can help you 01:27:48 - Final words Learn more about your ad choices. Visit megaphone.fm/adchoices

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