This episode is all about goal planning and financial resolutions for the New Year! The New Year is always a great milestone to reset/refresh/restart and an opportune time to do some thinking and goal planning around your money! If you are looking to make 2022 your best money year yet then listen in for some positive resolutions that can help you to achieve that goal. Let 2022 be the year of money mastery for you! 

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I am a financial professional, who specializes in helping people to achieve their financial goals.  My absolute passion is creating new possibilities in people’s lives by showing them the ropes when it comes to money. I’m here to spark healthy and positive conversations around wealth and investment and create a world where nobody is limited by their financial situation. I believe this begins with education and shifting our relationships with money. I love getting to witness people achieving their most ambitious goals and creating new possibilities for themselves and their families! 

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Welcome to the wealth and wellness podcast with

me Kaylie Bob air. I specialize in helping people to achieve

their financial goals. I have a love for all things numbers, and

I'm passionate about financial literacy. My goal is to spark

healthy and positive conversations around wealth and

investment, and create a world where nobody is limited by their

financial situation. But wealth is just one piece of the

equation of living our best lives. So join me as we explore

both wealth and wellness topics. From your net worth to your self

worth. Get ready to take confident action. Hello, this is

Kaylee. And thank you so much for sharing your valuable time

to listen to this episode of the wealth and wellness podcast.

This is an important wealth topic I'm discussing on this

episode. And it's all about financial resolutions for the

new year. So the new year is always a great time to do a

reset, refresh, restart a lot of our words, anything else you

want to add? And it's an opportune time to do some

thinking and goal planning around your money. So let's let

2022 be the year of Money Mastery for you. All right. So

first, I think it's so important to take a moment to write down

your financial goals and aspirations for the new year. So

grab a pen and paper, pause this podcast. And this is the work

part of it the homework, take a few minutes and write down what

are your financial goal, maybe it's you have one goal, maybe

multiple goals, goals, aspirations for what you want to

accomplish in the new year, and actually write these down. So

I'm telling you get a piece of paper, get a pen, pause me or

pause me and put it in the note section in your phone if you're

you know, walking or something like that. But actually writing

things down is so powerful to really committing to making them

happen. So taking that extra few minutes might feel like it's not

making a difference. Just do it though. I promise you it is

okay. Maybe in this writing of your your new goals or what your

goals are for 2022 Take some time to reflect on last year,

and is there anything you would have changed? or what have you

done differently or you want to do differently for this year? So

that might be the inspiration for you know, what ideas come up

for what you want to see for 2022? When you're writing down

your goals be as specific as possible. So we all know that

about goals that like Let's Be as specific because we're more

likely to work towards them if we're specific, because then

it's not as daunting. It's not this, you know, big sort of

daunting, you know, large task to take on in the question mark

is well, where do I even start? Or how do I even measure this if

I do it? So again, it has to be specific, measurable? What are

the other ones SMART goals, right? So so you know, some

examples might be pay off my Visa credit card in 2022. So it

has zero balance, it might be set up an auto deposit each pay

period of $500 into my Registered Retirement Savings

Plan, create an emergency a rainy day fund of four months

worth of expenses, maxed out my Tax Free Savings Account, put

2500 into my child's Registered Education Savings Plan to max

out the grant matching for 2022. Again, get specific as specific

as you can, you know what you're really trying to achieve here.

So and only you are going to see this right, you don't have to

show it to anyone. So get as specific as you can be. Okay, so

again, this is the moment to pause, write it down. I know I

told you pause before and then I added some things. So hopefully

I have not confused you now. pause now and write those down.

Okay.

Okay, so you've paused, you've written those down, okay. Now

while getting specific on the goal. Okay. Okay. So now I'm

adding more after okay, but now that you have the goal, maybe

it's after this podcast and it's really creating a plan of

action. So how you're going to achieve this, how you're going

to accomplish it or when you want to accomplish it by maybe

it's you have several goals or one goal and they have different

dates and timeframes again because you're getting very

specific so maybe it was that pay off my Visa credit card,

which maybe got a little out of control over the holidays or

went on and have it paid off by, you know, February 25, or

something like that. So again, these are just examples,

whatever it is for you have that plan of action, because it's

great to have the goal. But what's going to support you to

actually achieving it is just your plan of action. And, again,

I think there is an awareness, you know, you know, what's

realistic, what you can achieve, and again, reflect on past years

of what has happened. So don't be too hard on yourself. Don't

set the goals where they're really unrealistic, where it

doesn't feel like it's going to be possible, or you'd have to

basically, you know, stop eating out or stop eating food all

together, to come up with the extra money to pay something off

or add this money somewhere else. So let's be realistic as

well with these goals. Keep your list somewhere that you can

review it. So again, maybe it's the notes on your phone, maybe

it's in a journal or something like that, and set a reminder in

your calendar on when you want to check in by because I think

that's the biggest things with our New Year's goals and

resolutions, we lose sight of them, because life gets busy,

you know, things happen. And it completely maybe slips our mind

when we were all amped and ready to set it in January. And then

of course, things happen and come up and we're right back on,

you know, our, our busy life schedules and, and it might just

be completely something we forget, or we don't ever look

back at. And so to make this something that you really

execute on, set a reminder, as you're doing this right now in

your calendar, say, Okay, I'm going to check in on this, you

know, on March 15, to see where I'm at where my progress is, and

track my progress. Or, you know, maybe I'm going to check in on

this for sure, mid year. And make sure I'm at this point by

that, you know that time or anything like that. So again,

we're being specific on the goal, we're creating a plan of

action on how you're going to achieve it, you're being

realistic and being you know, giving yourself grace, you know,

plan in for some unforeseen, foreseen circumstances, because

when it comes to money, these are oftentimes going to be money

goals. When it comes to money, things come up things happen

that you might not have planned for. So have that built in as

well. And then again, keep your list somewhere, review it, check

in on it, put the reminders in your calendar now. And then

they're just going to pop up when the date comes. Okay, so

that's the first thing I want everyone to do is really take

that time, have those goals. So now that you have some big money

goals, I also want to share with you some additional suggestions

that I've come up with for you. So those that activity was you

coming up on your own with things because again, I think,

you know, we're all aware, and we know what we need or want. So

that's important. But I want to give you some additional

suggestions for Positive Money behaviors or resolutions for

2022. Again, these are just ideas, if you're already doing

some of them, maybe you're even doing all them fabulous, you get

an A plus, that's amazing. But if once I'm going through this

list, if there's if you know if it seems like a lot, if it's

overwhelming, maybe it's your time to just focus on one or two

that you want to commit to as well this year. Any action taken

around your money that you commit to, that you've not

previously been doing is amazing, because it's going to

provide a positive result when it comes to your money and

you're taking action and you're doing something if you know

nothing, nothing bad can come of that it's positive, it's great,

you're going in the positive direction. Okay, so resolutions,

suggestion number one, get to know all about your money. I

talk about this a lot on this podcast. So hopefully that lets

you know is important. Here I go talking about it again. But it

is it is important. So having an awareness about your money is so

vital to every other piece of your financial life. If you

don't feel like you have a good understanding about your money,

take some time and get to know it. Start by taking inventory of

everything. So all your accounts, approximate balances,

your mortgage info, approximate balance of what's owing, if you

have a mortgage, all your assets and all your liabilities,

essentially you want to have that inventory and awareness of

what they are, list everything you may owe. So again,

liabilities, your loans, credit cards, mortgage balance, and

everything you own as far as assets. So again, investment

account balances. So maybe it's tax deferred accounts,

retirement account balances, things like that, and that's

going to create your net worth statement. So again, everything

you own is your assets versus everything you owe your

liabilities in a separate column. And again, construct

this in any way that works for you. It's basically though just

having some one Master location of the inventory, that is your

finances, okay? And this is so beneficial to for couples, it's

a fabulous exercise to do together. So you're on the same

page when it comes to your household finances. So you both

are in the know of where you stand where you're at. Another

important step to getting to know your money is having an

understanding of income versus expenses. So usually people

break this down on a monthly basis, what income versus

expenses are. And, again, if that's generally how you're paid

and how you pay bills, you're probably going to look at it on

a monthly basis. But again, having an understanding of cash

flow, it's really what you want to be in the know when it comes

to your money. And it's going to help you understand your money,

knowing what's coming in knowing what's going out each month,

because from that you can create goals, you can say, okay, you

know, I have this much extra every month, I'm gonna make sure

I'm putting that towards my emergency accountant or

something like that. But again, you're not going to be able to

really get as specific as you want to and your goals if you

don't have this awareness, and knowledge about your money. So

that's resolution idea. Number one, resolution idea number two,

take control of your spending, it's very easy to spend money,

and you can find ways to spend money, every day, on all sorts

of things, everywhere we go, there's things to spend money

on. But taking control of your spending is a powerful step in

being a money master and building wealth. Because

anything you're not spending is what you're getting to keep, it

doesn't just disappear and go nowhere, it's what you're

getting to hold on to. A lot of guilt comes up around spending

money. And it's when we're spending money in ways that

don't align with your values is most often when you're going to

have that guilt. So when you're in control of your money, and

taking control of your spending, you're likely going to have less

of those instances coming up of guilt purchases and spending

because you're going to be more diligent about being

intentional. You know, if you're saying things like, Okay, I'm in

control my spending, what are things that are important to me,

what matters to me, I love adventure, I'm going to be

putting away a certain amount of money every month to take this

trip of a lifetime, you know, I haven't been able to travel for

some time now. And this is my goal, and I'm going to have

money saved up, because I'm going to take this trip in 2022,

or 2023, or whatever that looks like for you. But again, you're

in control, you're deciding. And then you might be less inclined

to be like at the mall, and you see these, you know, fabulous

shoes that you don't necessarily need. And you're like, you know

what, I think that money is better put into that goal I have

of my travel and adventure, because that's so important to

me. So that's really that taking control of your spending, it's

being intentional. So if that sounds like a good plan, but

you're still you still struggle with the temptations of spending

completely okay.

What are some ideas that might help with that? Well, taking an

inventory of what you typically spend in a month and on

different categories, it is going to help and I know that's

a painful exercise, probably some people listening is like, I

don't want to know or it's almost like we're denial or I

don't know, or it's it's that's not the funnest task to do. But

it's very important because what it's going to do is alert you to

the different categories, you spend money, and maybe you're

actually spending a lot more in a certain category than you're

aware of. And seeing that is very powerful, because then you

can actually decide to make a change once you've seen it. But

if it's not, and we don't have the awareness, of course, we

can't change something we're not aware of. So you have to take

that first step of actually taking the inventory of what

you're spending and what the categories are that you're

spending money on. And then look do a deeper dive and see, is

there anything that can be easily eliminated? Sometimes

what's going to pop up? Is something like a subscription

you don't use anymore? Are there any luxuries you can scale back

on? So Oh, wow, I've been spending a lot of money eating

out. You know, I don't want to be spending that much every

month. I want to scale back on that. And that's something I

realistically can do. And this is going to be my eating out

budget from now on. And so you know, that might come up as well

from that exercise. Another idea for taking control of your

spending is just that recording ongoing everything you're

spending for one full week because it gives you an extra

task and thing to do. And so it might actually stop some of

those impulse purchases. Because you're like, Yeah, I don't want

to have to write that down. Just I'd rather not. I'll just wait

till I get home to have a snack or something like that. Rather

than going Oh no, I have to write that down for my tracking

of my spending in real time. Another idea is reducing the

number of payment methods to simplify things. So maybe you

use, you know, you have a couple credit cards and a debit card

and you sort of just grab whatever is most accessible when

you're paying for things. It can get confusing. And it's again,

hard to tell when I'm what am I actually spending, if you have

all these different payment methods, they're all sort of

scattered. And you might be spending more than you realize.

But again, it's not all in one place, it's not easy to follow.

So reducing number of payment methods can be helpful as well.

Using cash, that's one that people use, that's helpful, like

so having a sort of cash amount in their wallet each week. And

when that runs out, there's no no more discretionary spending.

You can also set some rules for yourself. So you can say okay,

anything that costs a larger amount, so anything maybe over a

$200 price range, I have to think about for at least 24

hours or 48 hours. So that can help, you know, slow down those

impulse purchases, because oftentimes we make purchases, we

walk away, and you know, the next day or later on, you're

like, I didn't really need that. So you can save yourself from

some of those, or maybe all of those, which is great. You could

have no spend days. So that's another great idea, challenge

yourself to have some no spend days. So how that works is just

like it sounds, you just don't spend money for an entire day.

And they're actually really hard. Like I said, there's, you

know, the minute you leave the house, you don't even have to

leave the house, you just do online shopping, just spend

money, but it's very easy to spend money every day. So

challenge yourself to have, you know, if you don't have any no

spend days, it's like, Okay, I'm gonna do one a week, okay, I'm

gonna do a couple a week, those are all really good ideas as

well, if you're looking to take control of spending. Okay, that

was number two. So resolution number three, which is a

fabulous one to follow our second one, and you know, where

you're taking control of spending. So number three is now

saved more money. So maybe you know, you've done number two to

control your spending, you have some extra money to spare now

that you've taken control and, and so you can jump on to

resolution three, which is about saving more, if you're saving

money already fabulous. But I challenge you to up that amount

and save more. And you might be saying, well, why what for you

don't need a purpose. You don't your purpose to save money.

Having more money saved is never a bad thing. It could mean you

know getting to retire years earlier, it can mean going on

your dream vacation, it can mean just having extra peace of mind

to take on any curveballs that life may throw your way. So save

more money if you're already saving. What if you can up at

about what have you up that amount by 2% or 3%. Or anything,

I just challenge you to do that. And and it just might not have

come to mind because you're like, Well, I'm already saving.

But Saving money is money that you get to keep for you. So at

the end of the day, the person that benefits is you from saving

more. No, it's not going to some, you know secret person or

someone snatching it behind the scenes, it's really saving more

money is just for you. And so that's, that's fabulous. So pay

yourself first, whenever you make money, automate it, so you

have some going into your savings bucket. So it's a good

idea to just have it automated every paycheck, have a portion,

go into your savings buckets or whatnot. But again, automating

is very helpful. Because it's just happening in the

background, less tasks for you. And then you're more inclined to

just make sure that that's happening. So that's number

three. Moving on to resolution idea number four, it's all about

having or building your rainy day fund. So some people might

call that also an emergency fund, it can also be known as

that. I don't like to say that because then we're putting it

out there. You know, well, coming in emergencies, we don't

want emergencies happening in our life. So let's say a rainy

day or, you know, make your own name for it. But it's that money

that's there again, for peace of mind your peace of mind fund,

that's a great idea to call it. So how much should you have in

this peace of mind account? It's going to depend and of course,

it depends on things like your your job income security, from

your job, your expenses, how much you have his monthly

expenses. I mean, if you're in a state where you're already have

paid off your mortgage, your monthly expenses are probably,

you know, lower than some people that do still have a mortgage

and things like that. So, you know, maybe it's a bit lower

expenses you have as a result, so it's going to be different

for everyone. Generally, if you can put away though three to six

months of expenses in this peace of mind fund that is ideal.

Where do I start? So if you're saying I don't have one, I want

to build one. Again. Maybe it seems daunting. Well incorporate

it into your monthly savings, again, have a realistic goal,

don't say, I'm going to have it saved out by the end of this

month, and then put yourself in a position where you can't, you

can't eat or you can't do something like that be really

realistic and say, hey, it might take me a year to accumulate

this extra money.

You know, in the background as I'm getting paid and things like

that, and that's completely okay. So do what's realistic to

you, maybe incorporate it with your monthly savings, create a

separate account for it. So don't have it though, you know,

go into part of your checking account or something like that,

because you want to have a separate spot for it. So you

really know the progress where it's at where it stands. And you

know, when it gets to a point where you feel comfortable

enough, as far as balance, be mindful of getting a return on

your cash, again, rates are really low right now. Interest

rates are low, which means rates that you can kind of get on cash

balances, they're quite low. But again, just be mindful of that

every little bit helps. So see what your bank has as far as

like a high interest, savings kind of idea. Are they offering

any promos or things like that, and again, having this rainy

day, this peace of mind account? It's empowering, it helps you

really feel in control, knowing that you have that. So then

you're not on edge about what if something came up? What if an

unpaid bill unplanned Bill arises? And if we can relieve a

lot of that stress and, and fear around money's money, it's, you

know, it's not occupying space in your mind, then because it's

the minute we're giving energy to these thoughts, we have this?

Oh, what if something came up? I don't have anything extra, how

would I pay for it? It's this terrible thought process you go

on. And it's not, it doesn't lead to any positive feelings

around money, it's stressful, it's you're on edge or anxious.

If you can have this account, if anything, it's gonna stop that

thought process and just go, Hey, if something were to come

up, I got this. So now, I don't have to even think about that. I

don't have to worry about that. So it's, it's very powerful,

more powerful than just having money stashed away. Like, it's,

it represents something that's really important for our mindset

around money. So again, that's really important to have in

place. Number five, consolidate and simplify. So I love just

simplifying things, making things easier, let's not

complicate it. Because I mean it we complicate money and have all

these different moving parts and moving pieces, it's, it gets

confusing, it seems daunting, and it's just like, Man, I don't

want to have to deal with it. I don't know how much money I

have, I don't know, it's everywhere. So a lot of people

say, you know, money's confusing, and but a lot of the

time the people that are saying money's confusing, or making it

confusing, so it's a true statement for them, because they

have made money confusing. If you have 10, different accounts,

two different advisors, accounts scattered everywhere in

different institutions, then I would agree that it money's

confusing. A lot, hopefully, you have some sort of spreadsheet

that pulls it all together. Because if you don't, that's

confusing. So to start the new year, commit to simplifying

things, if you have random small accounts hanging out there. And

again, they happen as we go through life and get different

jobs and things like that, you might have a work plan, and then

you start a new job and, and that account sort of just sits

there dormant. And then you you know, there's that's a manual

anything, you have a new Sunlife plan, and then you have a new

pension, and then you have an RSP and TFSA. And it's all over

the place. And you can't even keep track and you forget, you

might even have some of these accounts, like that's not a good

place to be, we want to, again, we want to be in the know with

your money. So bring it all together, bring what you can

together, whatever can come together as one i i highly

suggest to do so because it does simplify things. It does make it

easy, more straightforward. You know, when we talk about

diversification, it doesn't mean that you have to be spread

everywhere, like diversification is more. So how we talked about

investing, and taking an approach where, you know, we're

looking at investing in the US and Canada and internationally.

And, you know, we're investing in, in household companies and

consumer goods and technology. And yeah, like all those things.

That's really what diversification means. It

doesn't mean that you have to be diversified with every firm that

exists in your country. That's, it doesn't have to be that way.

Because again, it just gets complicated. You lose track of

things. You don't want to lose money, right? We never want to

lose money. We never want to lose sight of it or lose track

of it. We want to pay attention. We want to know what's out

there. So bringing the things can together can also benefit

you from reducing fees. Maybe You're saving on annual fees or

reducing,

like fee rates or things like that, because you oftentimes are

going to get discounts for larger balances or bundling or

having, you know, accounts at certain places, they sometimes

waive certain fees and things like that. So it does benefit

you if you can consolidate to and simplify. And it helps with

a thorough understanding of your investment allocation. Again,

that diversification element. Well, if I were to ask you, you

know, how much do you have invested internationally? And

how much in Canada in the US as far as, you know, equity

exposure? So when I say equity, it's like stock exposure? How

much do you have in the tech sector versus in financials or

something like that? Those are hard questions to answer. If you

have lots of accounts everywhere, so we can bring it

together, it's going to help simplify it. So that was number

five, resolution number six, I love this one. So anyone that

has kids, this is an important one I would love you to commit

to, it's all about talking to your kids about money, and

raising money savvy kids, that is the best gift you can give to

the next generation. You know, we teach kids all sorts of

things, and they learn all sorts of things in school. But money

is not one of them. Money's not one of them. That's, you know,

strongly taught upon or learned or, you know, financial

literacy. It's not a big topic in school. And I hope that

changes, and I'm really optimistic that that is

changing. But we're still in a position where I think there's

lots to learn about money. And it's one of those things that if

they're not learning it in school, us as parents, we have

to really take the lead on that. And it's it comes down to just

talking to your kids about money. Money is something we

interact with, on probably a daily basis. And so there's all

sorts of opportunities to have conversations with them about

money. Um, you know, we teach our kids to drive, they get

their Learner's Permit at 14. So we're, we're optimistic enough

that they're able to drive a vehicle, why can't we teach them

about money and trust that they're able to make you know,

money decisions and learn about money. It's so so important,

probably more important than driving a car, right? They need

the money to buy the car. So let's like this is the important

lesson, this is the things that have to be taught and that that

miracle of compound interest, it's so powerful, the sooner you

get started, it's all about time. And when you start, and

it's if you can let something compound 30 years, 40 years, 50

years, and that might seem like too many years, if you're

already in your, you know, 40s, and things like that, you're

like, Well, I'm not gonna work till I'm 90, and keep saving and

only start spending my money then. But it's very realistic

numbers, you know, for your 10 year old, if they can start

saving, they can have 50 years of compounding growth, like it's

crazy. And the power it makes and what it can create is just

amazing. So if you're kicking yourself for getting a late

start, well, what can you do? I mean, you can change that for

the next generation, you can say, well, I don't want that to

happen for my kids, right? We don't need to be that generation

that's like, Well, I had to walk uphill both ways. And so you

have to do it, too. Let's not do that. Let's be kind and put them

on the right path. And, and, you know, get in the way. And if

we're teaching them young, like having then just forced them,

right, they're getting all this money from their grandparents or

things like that. Just say to them, okay, that's going your

savings, and you'll thank me later.

You know, that's, that's the thing about being parents and

having young kids really well, I'm still the boss. So I'm going

to tell you where your money goes. But I mean, you don't have

to be like mean or a dictator about it. But you can set some

boundaries and rules and it's not, you know, they're gonna be

thanking you later when that money grows to a million dollars

that you saved them. Instead of buying American girl to all they

have, they're a millionaire, I'm sure they're gonna be happier

that they can buy all the American Girl dolls they want at

that point. So teach your kids about money, communicate openly

about money, give them control and decision making power.

What's great about teaching kids about money is they're in a it's

a safe environment. It's when we're teaching them while

they're young. We can teach them about budgeting and credit

cards. You know, once they first get their paycheck, we can teach

them these things and let them kind of see okay, if I spend it

all and I run up before next payday, you know, I have to wait

and and it's good to learn those lessons when you're young

because when you're learning them later on, I mean, it can

have a lot bigger, you know, mistakes and risks if you're

learning just what a credit card is, you know, in your early 20s

Because you got one and maxed it out. And you know, didn't even

realizing now you're paying, you know, 18% plus interest on a

balance that you're not able to pay down. It's not something

that that's a thing that you don't want to have to learn

later on, you don't want to learn the hard way it can, let's

help them, let's support them. So these diligent behaviors of

saving of putting a little bit of weigh each month for

themselves for the long term, that they're getting these

skills. It's so powerful, so important, if you don't have

kids of your own, maybe it's nieces and nephews and other

young children in your life, like, encourage it, get

involved, answer questions, talk about money, talk about, you

know, how we build wealth. And what when investing is, like

Warren Buffett, financially successful, and amazing, you

know, mentor when it comes to what, what investing, successful

investing could look like, and, you know, what did he do, he

started buying stocks when he was like, 13 years old. So it's,

it's amazing, and it's so powerful. So this one, I stress

so much.

Resolution number seven, don't be afraid to get help. So not

everything has to be a DIY project, I appreciate that, you

know, we have the internet available, we have a lot of

tools available to us and accessible to us where we can do

a lot more on our own, you know, we can go to YouTube and things

like that and learn and, but when it comes to your money and

investing and and you know, different elements of your

money, like you're doing your taxes and things like that, if

it's not your passion, know that getting support is fine. It

doesn't mean that you're failing in the money game, it doesn't

mean that you're going to, you know, be worse off or anything

like that. It's just it's you deciding, hey, this isn't my

strong, you know, that my strength and I know that my

money needs time, attention and needs, you know, that long term

care and attention, I just don't have the ability to consistently

give it that. And that's why I want to work with a

professional. So if you're going through your head and saying,

you know, I've been meaning to do this, I've been meaning to

start getting invested, I'll do it when I'm, you know, I learn a

bit more when I read this book about finances, when I take this

investing course, you know, then I will. But if it just keeps

being something you're putting off, you know, it's probably a

good indication that maybe it is some time to get some support

and outsource it. And just asking yourself, you know, what

is my time worth? And what do I like? What do I want to do? What

am I passionate about, because life is about to doing the

things we enjoy not just putting yourself, you know, through like

homework assignments. And that's still fun, forcing yourself to

do tasks that you don't want to do when there's people out there

that you can enlist and, and, you know, have them step in.

That's why they exist. That's why these services and different

professionals exist. They can provide assistance where needed,

there's accountants or lawyers or financial professionals

interview, find the right fit for you come prepared with

questions. Again, there's so many people out there. And the

point of that is that everyone has a little bit different

approach, and you need to find the best fit for you. So that's

the joy of it. There's lots of professionals out there, which

means there's variety, it means that there's going to be the

perfect fit for you. Resolution number eight, get out of your

own way. This is such a big one when it comes to money. I don't

know how you like maybe plan to do this, but let me try to talk

through it and we'll figure something out. So getting out of

your own way means you know when you're overthinking when you're

procrastinating, not taking action, you know, when this

happens, then I'll get started, you know, when I get this raise,

then I'll start putting money away. When we keep doing that,

it's again, it's not doing you any favors. When it comes to

money. There's no time like the present to get started building

wealth. The best time to start building wealth was yesterday.

Okay, so it was yesterday, yesterday is gone. So when's the

next best time it's today? If is lack of confidence, take steps

to build that up. But don't hold off until you feel like you

become the expert. So if you're like, Well, I don't feel

confident. I don't feel you know that I know enough about

investing. Don't say well, I need to become a genius or the

next you know all star investor before I get started, say I'm

gonna be taking these steps to keep building my knowledge about

finances and investing and things like that. But in the

meantime, I'm going to get started. So don't hold off and

let that lack of confidence completely sort of derail you or

push that timeframe further back, just to commit to saying

hey, I'm going to start where I am and continue to build and

grow and do what's realistic. If you're stuck in the past with

when it comes to money move past that it's not serving you so if

you have that, you know hindsight I shouldn't have

bought this or I should have invested in this or this regret

or money mistakes that are like okay, If I can't do anything,

because last time I did this, you know, I lost a lot of money

and I just don't even want to be in that position again, I'm just

not going to do anything, I'm not going to invest again,

because I, you know, this was not a good experience and, and

you know, just dwelling on those things, those negative

experiences, they're not serving you. And they're not putting you

in a good headspace to, you know, being productive and

working towards your goals. So, again, when it's getting out of

our own way, it doesn't have to be complicated. Let's keep it

simple. When it starts to feel not easy or fun. Ask yourself,

how can I make this less complicated? How can I make this

easier, that's all we can do when it comes to getting out of

our own way. So it's really diving into the deeper into the

thoughts and mindset that comes up around money. So hearing that

kind of inner voice and where it's coming up, and when it's

coming up, and sort of writing that down or looking deeper on

what is that

money shouldn't be stressful. So again, if it is, you need to

find ways to simplify it, you need to find ways to make it

easier. It doesn't have to be and like I said, there's

professionals out there that can support you all sorts no matter

where you are in your money journey. So if you feel like,

you know, this is a lost cause I don't even know where to start.

There's money coaches, there's budgeting coaches, there's, you

know, there's investing courses you can take, like, there's all

sorts of things or something, like I said, there's something

out there for you. So no matter what you think it is, or if you

think is the most complicated, or if you're ashamed, or, you

know, anything like that, I can assure you that as financial

professionals, we've seen it all and there's someone out there, I

can assure you, there's someone out there in some sort of way

that can help you if you're feeling like I don't even know

where to start or I'm stuck or something like that. So that's

getting out of your own way. Okay, and that's all I have for

you. So thank you for listening to this episode. And I want to

wish absolutely everyone listening to this episode. And

even you know going beyond that every person out there I want to

wish them a positive and abundant New Year. Let's make

this the best money year yet. Start taking action right now

after you listen to this. You can do this. You got this. I

believe in you. Thank you so much for your time and I will

catch you on the next episode.

I hope you found value in this episode. And because I'm such a

proponent of taking confident action, I want to pose a

question to you the listener. What is one action that you feel

inspired to take after listening to today's episode? If you enjoy

listening, please subscribe and share with your friends and

family. Thank you so much and I will catch you next time