In this episode of "Everyone's Talkin' Money," Ben Hockema joins me to explore the idea of how much is "enough" money and what financial security looks like. We discuss how to figure out what is enough for each individual and create a financial plan that allows us to live the life we want. We dive into the detrimental effects of shame marketing and the importance of focusing on untapped potential instead. We also touch on the need to understand our relationship with money and address any shame surrounding it. Overall, we aim to help listeners achieve a calming clarity about their finances and find a balance between current spending and future savings.
Links
Illuminate Wealth Management
Time stamps
00:04:50 Money is a tool for achieving goals and a discussion about what financial security looks like.
00:07:34 Money is a lifelong relationship with history.
00:12:41 Having debt can be burdensome for some.
00:15:07 Importance of understanding feelings and actions around money.
00:19:53 Know your goals, calculate your expenses, save
00:22:57 Automate paycheck, diversify funds, communicate financial goals.
00:26:29 Spending now or later, saving is crucial.
00:30:35 Take responsibility for your own retirement.
00:33:31 Motivate without shame focus on fulfillment.
00:36:32 Money shame leads to anxiety and complexity. Seek guidance and embrace vulnerability for clarity and growth.
00:39:44 Shame marketing, the misconception of fire movement.
00:44:38 Different perspectives on money and resources.
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