Stop The Worry With 3 Steps To Better Money Decisions
episode
Wealthy After 40: Retirement Planning and Budgeting for Gen X
14 min
1 speaker
3 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?
Welcome to the Wealthy After 40 podcast, the show for Gen X women and couples who are ready to ditch financial stress and feel confident about retirement. I'm your host, Dailene Higgins, money coach and retirement strategist, to help you gain clarity and confidence with your money by creating a spending plan that aligns with your financial goals and dreams so you can spend intentionally, save consistently, and feel at peace about your future. Join me every week to understand your money, simplify your decisions, and take intentional steps toward the life you want. You work hard, you're smart, you even save. But you still feel confused about money. And you're asking yourself why. Because managing money isn't just about earning or saving.
It's about knowing what to prioritize, what to track, and how to make decisions that will get you momentum. That's what we're talking about today in this episode. I'm excited to help you learn how to build confidence to make better decisions or to make any decisions. Because a lot of you are just, you're staying stuck. You're making it complicated. You're not taking action. And it just amazes me. In my many conversations I've had in the last few months and even over the years, the smart and intelligent people on the other side, their area of expertise, I feel humbled to even be talking to them. We all have an area of expertise that we know well. We're smart. And so I have thought about it, and I'm like, why is there such a lack of confidence with money?
Right? Now, I did say it's not just about earning or saving. And so it's true. We all know how to get a paycheck, right? We all know how to use a bank account and spend money and put it into savings if it stays there, right? But those are the things we talk about. When we talk about talking about money, that's what we do. And that's what everybody does, right? Everybody pretty much does these things that I just mentioned. And then from there is where the confidence starts waning. And When you're trying to make bigger things happen, you're trying to get bigger results, you're I just see the confidence wanes. As the individuals are talking and then they're like, I just... And it's at this point that our lives are different money-wise.
One person may be trying to invest in property. One person may be just surviving for the day. One person may be... And so these bigger results, these bigger decisions we need to make... are not talked about. They're not common because it doesn't involve the whole masses. And so as you're looking at it, number one, I know it's scary. Number two, you're like, I'm really trying to make something happen. And so then you think, what if I try and mess this up? And it's this thought that keeps many people from taking action or making progress. I've heard this on calls many times. I do it, but I'm just worried I'm going to mess it up. Or, you know, I would like to do this, but what if I mess it up? So let me put on my coaching hat for just a quick moment.
If this is you, whatever the thought was, if I'm going to mess it up, I'm not sure what to do. I don't dare do it. If you have the best of intentions and you have taken your time to evaluate the decision, right?
Why do so many smart people feel stuck and lack confidence with money?
Evaluate what you're wanting to do. You might make a mistake, but you're not going to mess up. Okay? Best of intentions. You've taken some time. It wasn't just spontaneous or sporadic. Yeah, you might make a mistake, but it's okay. Even a mistake is progress. A mistake just means we didn't get the results we wanted. We didn't end stuff and we're never going to come back from it. That's what I think we have in our heads. Because the result is big or what we're trying to achieve is big, we think if we take a step and we don't work that it's just going to crumble and fall. You're just taking the first step. If you take action... and get a result you don't like, the quote mistake, then you just choose to take a different action.
You solve the mistake and you make progress. So instead of originally having the three and you took action on one, you now have two because you know that one's not going to work.
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Chapters
3 chaptersSpeakers
1 identifiedMore from Wealthy After 40: Retirement Planning and Budgeting for Gen X
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