Afleveringen
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START WELL™ Podcast: Episode 9 - Girls that Invest
Our Resident Book Reviewer Michelle Flanagan helps usdiscuss and unpack the popular book Girls that Invest In this episode of the START WELL™ Podcast, we delve into the world of investment through a unique lens: that of women taking charge of their financial futures. Our guest Michelle Flanagan, Principal Adviser at The Wealth Designers, steps in as our resident book reviewer (coming up The Psychology of Money and Rich Dad, Poor Dad).
Michelle graciously offers her insights and expertise byreviewing this hugely popular book. She recommends this book for its plethora of valuable lessons, contemporary references (like TikTok) that connect to a younger audience, and its strong call to action to just get started on the path to financial empowerment. Michelle likes the book's robust action plan at the end of each chapter and addressing potential challenges her readers may facefrom those around them when beginning their financial empowerment journey.
Michelle liked how the author, Simran, uses interesting analogies to help the reader understand concepts such as likening investing to skin care. A concept that particularly stood out to Michelle was how Simran, articulates the impact of stagnant wages effectively amounting to a pay cut due to inflation. Michelle appreciates the directnesswith which Simran addresses such crucial concepts. It's worth noting that while the book isn't solely focused on investing, it plays a vital role in empowering women to strengthen their overall financial position.
Michelle has given this book a 5/5 in relation to how impactful it would be for a young person or a parent wanting to share a book with their kids.
General Advice
Warning – This Podcast contains general advice. Theinformation, including tax information and any advice provided in this Podcast, does not take into account your objectives, financial situation or needs. Because of that, you should before acting on the advice, consider theappropriateness of the advice, having regard to those things. If the advice relates to a particular financial product, you should obtain the relevant Product Disclosure Statement for any product mentioned and consider its contents before making any decision. You should consider talking to a financial adviser before making a financial decision. Dawn Thomas is a Senior Financial Adviser and is an authorised representative of TWD Licensee Services Pty Ltd ABN 88 605 064 480 Australian Financial Services Licence No.475964 (TWD Licensee Services).
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In this episode of the START WELL™ podcast, we speak with Marc Bineham, author of "The Money Sandwich." With over three decades of experience as a financial adviser, Marc brings a wealth of insight into the challenges faced by the "sandwich generation" – those caught between the responsibilities of raisingchildren and caring for aging parents.
Marc's book is a beacon of guidance for individualsnavigating this complex phase of life. He understands the time constraints that pull people in multiple directions, often hindering their ability to plan effectively for their financial futures. What sets "The Money Sandwich" apart is its recognition of the diversity of circumstances amongits readers. Marc advocates for a step-by-step approach tailored to each individual's unique situation, rather than imposing a one-size-fits-all solution.
One of the book's standout features is Marc's pragmaticapproach to financial management. He emphasizes progress over perfection, encouraging readers to work within their means and make incremental stridestowards their goals. Rejecting the notion of strict budgets or demonizing credit cards, Marc empowers his audience to take control of their finances without feeling overwhelmed by unrealistic expectations.
Central to "The Money Sandwich" are the real-lifestories woven throughout its pages. Drawing from his extensive client interactions, Marc shares anecdotes that illustrate the diverse challenges and triumphs experienced by individuals in similar circumstances. From managingmoney with his own daughters to educating grandparents on the intricacies of investing, Marc offers practical insights gleaned from personal and professional experiences alike.
A key concept discussed in the book is the "Goldilocksphenomenon" observed in retirement planning. Marc highlights how individuals often gravitate towards the default option within their superannuation, opting for a balanced approach out of fear of making the wrongchoice. However, he cautions against this mindset, as it can significantly impact long-term returns and hinder financial growth. By challenging conventional wisdom and providing actionable advice, Marc empowers readers tomake informed decisions that align with their financial objectives.
Tune in to this enlightening episode as Marc Bineham shareshis expertise on navigating the financial complexities of the "sandwichgeneration" and offers invaluable insights for securing a prosperousfuture.
General Advice
Warning – This Podcast contains general advice. Theinformation, including tax information and any advice provided in this Podcast, does not take into account your objectives, financial situation or needs. Because of that, you should before acting on the advice, consider theappropriateness of the advice, having regard to those things. If the advice relates to a particular financial product, you should obtain the relevant Product Disclosure Statement for any product mentioned and consider its contents before making any decision. You should consider talking to a financialadviser before making a financial decision. Dawn Thomas is a Senior Financial Adviser and is an authorised representative of TWD Licensee Services Pty Ltd ABN 88 605 064 480 Australian Financial Services Licence No.475964 (TWD Licensee Services).
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Zijn er afleveringen die ontbreken?
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Episode 7: Girls Just Wanna Have Funds with Molly Benjamin
In this episode of the START WELL™ podcast, we sit down with Molly Benjamin, the author of "Girls Just Wanna Have Funds." Molly's book has been highly recommended for young women seeking to navigate the world of personal finance.
Molly is known for her vibrant approach to personal finance. With a background in communications within the financial sector, Molly brings a unique perspective to money management.
Learning from her own challenges with finances, Molly's journey led her to establish the Ladies Finance Club in 2018, aimed at empowering women to take control of their financial futures.
About "Girls Just Wanna Have Funds":
Molly's book is not just informative; it's also engaging, fun andrelatable, making finance accessible to all.
The book covers everything from the basics of moneymanagement to more advanced strategies for financial success.
Concepts like risk profiles are explained in relatableterms, such as comparing different types of shoes (Stilettos High Risk High Reward).
Molly's ability to connect with her readers makes them feel like part of her inner circle.
The Birth of Ladies Finance Club:
Over a casual gathering with friends, Molly realized thelack of financial literacy among women and decided to host an informationalevent.
The success of this gathering led to the creation of LadiesFinance Club in 2018, which has since expanded to Australia and gainedwidespread recognition.
With over 35,000 women attending various events andworkshops, Ladies Finance Club has become a trusted resource for financialeducation.
Molly's Mission:
Molly's ultimate goal is to empower women to achievefinancial independence, giving them control and freedom over their lives.
Through her work with Ladies Finance Club and thepublication of her book, Molly is making significant strides in fulfilling hermission.
Join us as we delve into Molly Benjamin's journey and learn how she is empowering women to take charge of their financial destinies.
General Advice
Warning – This Podcast contains general advice. Theinformation, including tax information and any advice provided in this Podcast, does not take into account your objectives, financial situation or needs. Because of that, you should before acting on the advice, consider theappropriateness of the advice, having regard to those things. If the advice relates to a particular financial product, you should obtain the relevant Product Disclosure Statement for any product mentioned and consider its contents before making any decision. You should consider talking to a financial adviser before making a financial decision. Dawn Thomas is a Senior Financial Adviser and is an authorised representative of TWD Licensee Services Pty Ltd ABN 88 605 064 480 Australian Financial Services Licence No.475964 (TWD Licensee Services).
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In Episode 6 episode, we dive into the world of money management and wealth building with NatashaJanssens, the author of "Wonder Woman's Guide to Money."
Natasha shares insights from her book, which is designedspecifically for busy women looking to take control of their finances amidst the chaos of daily life.
Key Points Discussed:
Natasha's book is divided into three sections, and in thisepisode, we focus on the first section, which is all about laying the foundation for financial success.
The book challenges common misconceptions such as not having enough time and not being good with money, providing practical strategies to overcome these barriers.
Lightening the Load:
Natasha emphasizes the importance of lightening the load of commitments and caring duties in life to create space for focusing on money management.
Discussing how couples can share responsibilities at home to free up time for financial planning and self-improvement.
Role Modelling Good Money Management:
Natasha underscores the significance of role modelling good money management practices, especially for children, to instil healthy financial habits from a young age.
Natasha is also the founder of Women with Cents came to Australia as an 18-year-old Serbian refugee with no money and no support. Despite the challenges, she learned quickly from her experiences and has since become anaward-winning accountant, mortgage broker, financial planner, and money coach for women. Natasha has been recognized for her outstanding contributions to thefinance industry, winning the Women in Finance awards for Women’s Community Program of the Year from 2017 to 2020. She was also named the Institute of Public Accountants ACT Member of the Year in 2017 and 2020.
General Advice
Warning – This Podcast contains general advice. Theinformation, including tax information and any advice provided in this Podcast, does not take into account your objectives, financial situation or needs. Because of that, you should before acting on the advice, consider theappropriateness of the advice, having regard to those things. If the advice relates to a particular financial product, you should obtain the relevant Product Disclosure Statement for any product mentioned and consider its contents before making any decision.You should consider talking to a financial adviser before making a financial decision. Dawn Thomas is a Senior Financial Adviser and is an authorised representative of TWD Licensee Services Pty Ltd ABN 88 605 064 480 Australian Financial Services Licence No.475964 (TWD Licensee Services).
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Episode 5 Start Well™ podcast: Money Mindsetfor Kids and Parents with Karen Eley. In this episode, we're exploring the intricate relationship between money mindset and parenting.
Our conversation with Karen Eley underscores the critical role parents play in shaping their children's money mindset. By understanding their own influences, being mindful of language, and adopting intentional strategies, parents can empower their children to navigate the complexities of money with confidence and resilience.
Discussion points:
Understanding Money Mindset Development inChildren: Karen provides insight into how children's brains develop and why ages 2-12 are crucial for shaping money attitudes and behaviors. Discussion on the impact of traumas related to money, illustrating with examples.
Parental Influence and Awareness: Importanceof parents recognizing their own money influences and behaviours, which profoundly shape children's perceptions. Emphasis on parents being on the samepage and conveying consistent messaging about money to children.
The Power of Language in MoneyConversations: Exploring how language used around money - earning, spending, having, and using it - impacts children's understanding and attitudes. Discussion on the emotional dimension of money and its influence on family dynamics.
Intentional Parenting Strategies: Encouragementfor parents to be intentional about the messages they want to impart about money to their children. Suggestions for age-appropriate lessons and activities to foster financial literacy and resilience in kids.
As a Money Mindset Coach: Karen reflects on her role in helping adults explore childhood experiences to uncover patterns in money mindset development. Insights into cultivating financially resilient children based on understanding parental mistakes and challenges.
As a Mother: Balancing motherly instincts with the need to provide teachable moments for children. Acknowledgment of challenges such as mother's guilt while striving to instill financial wisdom in her own kids.
Karen is a Certified Money Coach and former financial adviser, who brings both professional expertise and personal experience as a mother of two boys, aged 12 and 13. She is passionate about helping women navigate financial complexities and cultivate confidence in managing money. Karen is a regular financial commentator on various media platforms, offering practical and psychological insights.
You can connect to Karen via LinkedIn
Women Talking Finance: https://www.womentalkingfinance.com.au/
Money Mindset Quiz: https://quiz.womentalkingfinance.com.au/
Thank you for tuning in to this episode ofthe Start Well™ podcast. Be sure to subscribe for more insightful discussionson how you can talk to the young people in your life about money in anempowering an healthy manner.
General Advice
Warning – This Podcast contains general advice. Theinformation, including tax information and any advice provided in this Podcast,does not take into account your objectives, financial situation or needs.Because of that, you should before acting on the advice, consider theappropriateness of the advice, having regard to those things. If the advicerelates to a particular financial product, you should obtain the relevantProduct Disclosure Statement for any product mentioned and consider itscontents before making any decision.You should consider talking to a financialadviser before making a financial decision. Dawn Thomas is a Senior Financial Adviser and is an authorisedrepresentative of TWD Licensee Services Pty Ltd ABN 88 605 064 480 AustralianFinancial Services Licence No.475964 (TWD Licensee Services).
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In today's episode, we're joined by Ana Kresina, the author of "Kids Ain't Cheap" and the host of the "Get Rich Slow Club" podcast.
Ana shares her insights on what individuals preparing for children or already having kids should know about managing finances effectively.
Drawing from her own experiences, Ana discusses navigating career changes, understanding the costs involved in raising children, and accessing government support.
Key Points Discussed:
Money Mindset: Ana emphasizes the importance ofaddressing your money mindset as a foundational step towards financial well-being. She highlights how irrational blocks to money can hinder success and offers strategies to overcome them.
Ana's book covers various crucial aspects of managing finances related to parenthood.
These topics include:
Understanding the true cost of raising a child.
Making informed career choices post-children.
Equally sharing the caregiving load between partners.
Addressing the issue of the motherhood penalty in the workforce.
Teaching children valuable lessons about money management.
Strategies for investing in children's futures.
Cleaning up one's own financial house for better stability.
Discussion Highlights:
Ana shares practical advice and actionabletips for individuals and families to better handle their finances. She stresses the importance of open communication about money matters within families. Anaencourages proactive financial planning and setting realistic goals to achieve financial security.
Our conversation with Ana Kresina provides valuable insights into navigating the intersection of parenthood and finances.
By addressing money mindset, understandingthe costs involved, and implementing sound financial practices, individuals can set themselves and their families up for success.
Be sure to check out Ana's book, "Kids Ain't Cheap," for more in-depth guidance on managing finances in the journey of parenthood.
General Advice Warning – This Podcast contains general advice. The information, including tax information and any advice provided in this Podcast, does not take into account your objectives, financial situation or needs. Because of that, you should before acting on the advice, consider the appropriateness of the advice, having regard to those things. If the advice relates to a particular financial product, you should obtain the relevant Product Disclosure Statement for any productmentioned and consider its contents before making any decision. You should consider talking to a financial adviser before making a financial decision. Dawn Thomas is a Senior Financial Adviser and is an authorised representative of TWD Licensee Services Pty Ltd ABN 88 605 064 480 Australian Financial Services Licence No.475964 (TWD Licensee Services).
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I interview Danielle Ecuyer about her book Shareplicity. We explore how we can introduce key investment concepts to the next generation.
Discussion Points:
Investor Sentiment and Overcoming Fear:
How to address the fear of loss among young investors and provides strategies for managing emotions in investment decisions.
Insights into nurturing a healthy investormindset from an early age.
Investing in Companies You Love:
The concept of investing in shares not just for financial gain but also to support companies whose products orservices resonate with kids.
Danielle brings shares to life by relating them to familiar companies and brands, making investing more relatable and engaging for children.
Impact of Interest Rates and EconomicTrends:
Exploring the impact of interest rates on investment decisions and how to explain these concepts in a kid-friendly manner.
Danielle provides insights into how economic trends shape investment opportunities and risks.
The 21st Century Investor:
Discussion on the evolving landscape of investing in the 21st century and the opportunities it presents for younginvestors, especially in the US share market.
Empowering Future Investors:
Strategies for parents and educators to introduce investment concepts to children in an accessible and engaging way.
Danielle emphasizes the importance of teaching financial literacy from an early age to foster responsible financialhabits.
Danielle Ecuyer, author of Shareplicity and Shareplicity 2, anchor of AusBiz, with decades of experience in shareinvesting and a passion for empowering future investors.
Links:
· Purchase Shareplicity and Shareplicity 2
· Connect with Danielle on Social Media
General Advice
Warning – This Podcast contains general advice. The information, including tax information and any advice provided in this Podcast, does not take into account yourobjectives, financial situation or needs. Because of that, you should before acting on the advice, consider the appropriateness of the advice, having regard to those things. If the advice relates to a particular financial product, you should obtain the relevant Product Disclosure Statement for any product mentioned and consider its contents before making any decision. You should consider talking to a financial adviser before making a financial decision. Dawn Thomas is a Senior Financial Adviser and is an authorised representative of TWD Licensee Services Pty Ltd ABN 88 605 064 480 Australian Financial Services Licence No.475964 (TWD Licensee Services).
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In Episode 2 START WELL™ podcast, we have the entertaining and engaging Glen James, who hosts one of Australia's most popular finance podcasts, This is Money podcast and is the author of Sort Your Money Out. This episode, we discuss 3 of Glen's resources which are the podcasts episodes 631 B & C in relation of 6 ways to invest for kids, the free cashflow course called the Glen James's Spending Plan and Glen's book Sort Your Money Out.
Glen's mix of humour and intellect in relation to money topics, makes money conversations accessible for most people. We cover the concept of retirement, cash flow, the danger of BNPL and how you can invest for children in different ways.Join the conversation as Glen and Dawn delve into the resources of "This is Money", "Sort You Money Out" and the "Glen James Spending Plan". Explore how you can bring these essential money lessons to the dinner table. Discover the keys to financial freedom, and learn how these discussions can empower you and your family on the path to a prosperous future.
🔗 Subscribe now and visitThe Wealth Designer's Start Well page for additional resources mentioned in this episode.
6 ways to to Invest for children: Episode 631B and 631C of the This is Money Podcast
Glen James Spending Plan: https://education.thisis.money/courses/the-glen-james-spending-plan
General Advice
Warning – This Podcast contains general advice. The information, including tax information and any advice provided in this Podcast, does not take into account your objectives, financial situation or needs. Because of that, you should before acting on the advice, consider the appropriateness of the advice, having regard to those things. If the advice relates to a particular financial product, you should obtain the relevant Product Disclosure Statement for any product mentioned and consider itscontents before making any decision.You should consider talking to a financialadviser before making a financial decision. Dawn Thomas is a Senior Financial Adviser and is an authorised representative of TWD Licensee Services Pty Ltd ABN 88 605 064 480 Australian Financial Services Licence No.475964 (TWD Licensee Services).
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In the inaugural episode of Start Well, join host Dawn Thomas as she sits down with the incredible Lacey Filipich, author of the renowned book "Money School." Lacey shares her inspiring journey, winning what she calls the "ovarian lottery" with her money-savvy mom, Fran, who instilled crucial financial lessons from an early age.
From studying chemical engineering to becoming a mining superintendent by 26, Lacey's drive led her to achieve Financial Independence, Time Rich (FI TR) by the age of 31, living off passive income. Her book has become a staple in the finance community, offering a blend of captivating stories and practical tips that cover the financial spectrum.
Join the conversation as Lacey and Dawn delve into the pages of "Money School" and explore how you can bring these essential money lessons to the dinner table. Discover the keys to financial freedom, and learn how these discussions can empower you and your family on the path to a prosperous future.
🔗 Subscribe now and visit The Wealth Designer's Start Well page for additional resources mentioned in this episode.
General Advice
Warning – This Podcast contains general advice. Theinformation, including tax information and any advice provided in this Podcast, does not take into account your objectives, financial situation or needs. Because of that, you should before acting on the advice, consider theappropriateness of the advice, having regard to those things. If the advice relates to a particular financial product, you should obtain the relevant Product Disclosure Statement for any product mentioned and consider itscontents before making any decision.You shouldconsider talking to a financial adviser before making a financial decision. Dawn Thomas is a SeniorFinancial Adviser and is an authorised representative of TWD Licensee Services Pty Ltd ABN 88 605 064 480 Australian Financial Services Licence No.475964 (TWDLicensee Services).
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Get ready for the Start Well podcast, launching in March 2024! I'm Dawn Thomas, your host, a mother of three, financial adviser, and researcher. Join me in exploring the world of equipping young minds with the right financial start.
This is your exclusive space to master the art of discussing money with kids. Children wield the superpower of time, while you, whether a parent, grandparent, or the super cool aunt or uncle, hold the superpower of influence. Together, let's shape their financial knowledge through impactful conversations.
In each episode, I'll be sitting down with authors and brilliant financial minds to unravel their insights on simplifying and making money talk meaningful. From discussing books to exploring resources like Money School, Shareplicity, Girls Just Wanna Have Funds, Girls That Invest, Sort Your Money Out, Kids Ain't Cheap, and more – we've got it all covered!
This podcast is your toolbox for making money conversations natural and top of mind for the whole family. Subscribe now to be the first to catch the latest episodes as they drop. For additional resources, visit The Wealth Designer’s Start Well.
