In this episode of Tiffany's Take, Tiffany Grant draws powerful lessons from flight attendants' vital safety instructions and applies them to personal finance. Join Tiffany as she explores how securing your own financial "oxygen mask" first can help you manage your money more effectively and sustainably. Discover practical tips and essential strategies to ensure financial stability while responsibly helping others.

Check out the full shownotes: https://moneytalkwitht.com/podcast-show-notes/lessons-from-flight-attendants/

Key Takeaways

Prioritize Your Financial Safety

• Think of an emergency fund as your personal oxygen mask.
• It's a safety net for unexpected expenses like job loss or medical bills.

Budget for Stability

• Consider your budget as a seatbelt that keeps you financially secure.
• Track your spending to understand where your money goes and make it work for you.

Invest in Yourself First

• Contribute to your retirement and savings plans before offering financial help to others.
• Even small, consistent savings can make a big difference.

Learn to Say No

• It's okay to decline financial requests that don't align with your goals.
• Offer advice or other forms of support instead of financial help if necessary.

Stay Informed and Calm

• Educate yourself on financial matters to make informed decisions.
• Knowledge is your co-pilot to financial freedom.

What's Next?

Ask Tiffany a Question

Have a money question? Submit it at www.moneytalkwitht.com/asktiffany and you might hear it answered on the podcast!

Voice Memo Feature

Leave a voice memo with your question or story to be featured on the podcast.

Subscribe and Review

Don't forget to subscribe to the podcast and leave a review! Also, sign up for the newsletter on the website for more great financial tips.

Connect with Tiffany

• Website: moneytalkwitht.com
• Social Media: Follow Tiffany on all social media platforms @moneytalkwitht
• Newsletter: Tiffany is back to sending a weekly newsletter packed with valuable information. Sign up on the website to stay updated.

Thank you for tuning in to this week's episode of Money Talk With Tiff! Keep your finances flying high and steady, and we'll catch you again next week.

Support this Podcast

Copyright 2024 Tiffany Grant

You know what it is. That's right. It's time to talk money with your money

nerd and financial coach. Now tighten those purse strings

and open those ears. It's the money talk with Tiff

podcast. Hey,

hey, and welcome to another episode of Tiffany's Take, where I answer your

questions right here on the podcast. If you would like your question answered,

go to www.moneytalkwitht.com

axtiffany, and I'll be more than happy to

respond. So, for this episode, episode, I wanted to talk

about lessons that I've learned from flight attendants and

how we can use that when it comes to our money.

So let's picture this. So I've gotten a lot of people reaching out,

like, oh, tiffany, I wish I could travel with you and

things like that. So let's picture this, right? You're on a

flight, you've just settled into your seat. The flight attendant begins

their safety demonstration. You all know the

deal. You hear that familiar line? Secure your own mess

first before helping others, even your kids. It's

a simple yet powerful reminder that you can't help anyone

effectively if you're not taken care of first. So in the world of

personal finance, this translates to ensuring that your financial well

being before lending a hand to others. And

that is something that I feel like as I was sitting in my

plane seat and I thought about them saying that, you know, secure your

mask. Even before the kids, I have my daughter sitting on my lap.

I'm like, you know, if you think about it, if I

don't secure my stuff first, then I won't have the

strength or the energy to secure my daughters. And so

I wanted to break that down just a little bit into some

key lessons that we can learn just based on that one

line that they give us every single flight. Don't let it go over your

head, right? So here's one thing.

Prioritize your financial safety. So just like oxygen

at 30,000ft up in the air, your financial health is non

negotiable. So start by setting up an emergency fund. This

is your personal oxygen mask. It's a safety net for all of

that unexpected turbulence, like a job loss, medical bills,

anything around that, you have that

oxygen, so that way you have room to breathe,

right? So that's, number one, prioritize your financial

safety. Two, budget for stability.

So think of your budget as the seatbelt that keeps you secure.

So track your spending to avoid a financial free fall.

It's not about cutting costs. It's understanding where your money

goes and making it work for you. And that's one thing that I always preach

about on the podcast. Don't look at your budget as a restriction. Look

at it as giving you permission to do the things that you need to do.

And now you can look at it like a seatbelt, right?

Invest in yourself first. So that's number three. So, before you

extend financial help to others, ensure that you're contributing to

your retirement and your savings plan. Remember, you

can't pour from an empty cup or give from an empty

wallet. And so at the end of the day, you really have to make sure

that you're taken care of. I just had this conversation with someone the other

day. I'm like, you know, I have to be a good

manager of my money, because if I need something,

who am I going to call? Even though everybody can call me, you

know, and get information from me or what have you, who am I to

call if things hit the fan? And so that's where number

three comes in. Always make sure that you're saving something.

So even if you don't have any investments, maybe you're

putting $20 into a savings account every month. Something is better

than nothing. All right, number four, learn

to say no. Now, this is a big one, and one that

I have, my no muscle

has been flexed so much, because

at the end of the day, going back to number three, you can't pour from

an empty cup. And that goes from. That goes for money, that goes for

time, that goes for emotions, that goes for

everything. And so, just like a flight attendant might need to decline a

request for safety reasons, it's okay to say no. When

lending money doesn't align with your financial goals, you

can decline a request for safety reasons, for your

safety, offer advice, or other forms of support

instead. That's one thing that I am heavy on.

I will give you a resource. I will help you out as much as I

can. But if I can't financially do it, then I have

no problem saying no. Number five, stay

informed and calm. So, in a crisis, flight attendants

remain calm and informed, guiding passengers to safety. So

similarly, in financial decisions, educate yourself

and remain composed. Knowledge is your co pilot to financial

freedom. Everything will work out eventually.

You'll look back at this time, you say, dang, I went through a lot, but

I'm glad I'm on the other side, right?

So just think about that. Make sure

that you gain as much knowledge as you can. And also, it

helps from other people getting over on you. You know,

if somebody comes to you and they ask you for something like, oh, I need

this for such and such and such. And you're not educated on what

it is that they're asking for. They could say anything, right? So

knowledge is power. Knowledge is your co pilot to

financial freedom. That's why you're here, right? So those

are the five things that I took away from what a flight attendant

says and how it can also apply to your

money. So remember that taking care of your financial

situation doesn't make you selfish, makes you

responsible. Securing your own financial oxygen mask

first, you position yourself to help others more effectively

and sustainably. Another thing that people run into

is that they try to help someone or they try to help a cause or

what have you, and then they can't sustain that effort because they didn't make sure

that their mask was in place first. So I just wanted

to run through those. Hopefully it was helpful for

you. And if you have a question that you want me to answer on the

podcast, go to www.moneytalkwitht.com

axtiffany. I even have a way for you to leave a

voice memo so people can hear you on the podcast. If you want to be

heard, that would be great. I haven't. I have tried it

a couple times before, but I want more. So if you're

listening to my voice and you would like to listen to your voice on the

podcast, please use that option as well.

Please share your thoughts on any of this or personal

stories about how you've applied these lessons or

will apply these lessons into your own life. I would love to hear from you

on social media or via email, however you want

to get in contact with me. Also make sure that you subscribe

and leave a review. So not just to the podcast,

but make sure you subscribe to the newsletter too. I've gotten

back on sending a weekly newsletter and it

has a lot of good information. It so you can sign up for that on

the website as well. So until next time, keep your finances

flying high and steady and I look forward

to chatting with you next week. Bye.

Thank you for listening, joining and being a part of the Money talk with TIFF

podcast this week. You can check TIFF out every Thursday for a

new money talk podcast, but if you just can't wait until next week,

you can listen to previous podcast

episodes@moneytalkwitht.com or

follow TifF on all social media platforms at

moneytalkwitht. Until next time, spend wise

by spending less than you make a word to the money wise is

always sufficient.