0:00:00.156,0:00:02.200 When you think about money and your dreams 0:00:02.224,0:00:03.950 and you're looking at your account, 0:00:03.974,0:00:06.867 you're like, "My bank account[br]does not align with my dreams." 0:00:06.891,0:00:09.099 [The Way We Work] 0:00:10.516,0:00:14.367 Financial health for a typical[br]American household can be stressful. 0:00:14.391,0:00:18.075 We know that 46 percent[br]of all Americans would struggle 0:00:18.099,0:00:20.950 coming up with 400 dollars[br]in the event of an emergency. 0:00:20.974,0:00:24.950 And 60 percent of all Americans[br]will face that emergency 0:00:24.974,0:00:26.284 within 12 months or less. 0:00:26.308,0:00:29.200 When you ask the question,[br]"What does money mean to you," 0:00:29.224,0:00:32.450 most people will say things like,[br]"I feel anxious." 0:00:32.474,0:00:35.200 And so the insecurities come.[br]The shame comes. 0:00:35.224,0:00:37.784 I think we have a fraught[br]relationship with money, 0:00:37.808,0:00:39.909 because it comes with judgment. 0:00:39.933,0:00:42.950 When you're not able[br]to pay your bills on time, 0:00:42.974,0:00:44.242 you can personalize that. 0:00:44.266,0:00:46.700 I don't want anyone to think[br]that I'm not smart. 0:00:46.724,0:00:50.325 I don't want anyone to know[br]that I am very insecure with money. 0:00:50.349,0:00:53.367 I don't want anyone to know[br]that I am super stressed out. 0:00:53.391,0:00:55.534 So now let's change the narrative. 0:00:55.558,0:00:59.950 [6 lessons on how to improve[br]our relationship with money] 0:00:59.974,0:01:02.367 [1: Talk about it.] 0:01:02.391,0:01:05.492 You can't do it alone.[br]And that's when your squad has to come in. 0:01:05.516,0:01:06.784 It's taboo. 0:01:06.808,0:01:09.950 We typically don't talk about our stresses[br]when it comes to money. 0:01:09.974,0:01:12.200 We need to come together[br]as a group of friends, 0:01:12.224,0:01:13.659 no judgment, no shame. 0:01:13.683,0:01:16.659 Celebrate the fact[br]that we've made a decision 0:01:16.683,0:01:19.242 that we want to have[br]a better relationship with money. 0:01:19.266,0:01:21.909 That is worth applauding[br]or snapping your fingers about. 0:01:21.933,0:01:24.367 Once you've done that, then you get real. 0:01:24.391,0:01:26.492 Nothing should be off-limits. 0:01:26.516,0:01:28.409 Where does this relationship come from? 0:01:28.433,0:01:33.323 Why am I spending all this money[br]on things that don't align with my goals? 0:01:33.348,0:01:36.306 What are your fears?[br]What are your hopes? What are your dreams? 0:01:36.331,0:01:37.992 But then we start to take action. 0:01:38.016,0:01:40.617 What can we do this week?[br]Or what can we do this month? 0:01:40.641,0:01:43.575 [2: Understand what money is] 0:01:43.599,0:01:46.534 Money is not the end-all be-all. 0:01:46.558,0:01:50.075 It's the mechanism to accomplish[br]whatever your goals are. 0:01:50.099,0:01:51.825 It does not define you. 0:01:51.849,0:01:55.325 It's just a mechanism[br]to accomplish what matters to you most. 0:01:55.349,0:01:57.825 [3: Identify what matters to you ... ] 0:01:57.849,0:02:01.409 Ask yourself one fundamental question:[br]what are you saving for? 0:02:01.433,0:02:04.617 If you're saving for a car,[br]if you're saving to pay down your debt, 0:02:04.641,0:02:06.700 if you're saving for that rainy day fund, 0:02:06.724,0:02:09.034 it will include short-term goals 0:02:09.058,0:02:10.867 and it will include long-term goals. 0:02:10.891,0:02:13.367 [4: ... and then really picture it.] 0:02:13.391,0:02:16.784 Visualize what you're really[br]trying to accomplish. 0:02:16.808,0:02:20.159 A vision board is visual representation 0:02:20.183,0:02:21.534 of what you're saving for. 0:02:21.558,0:02:23.867 So if we break it down,[br]go get a poster board. 0:02:23.891,0:02:25.909 Get your markers, get your glitter. 0:02:25.933,0:02:28.492 Take magazine pictures, cut it all out. 0:02:28.516,0:02:30.575 Have that picture of that great trip. 0:02:30.599,0:02:33.659 Have the picture of you[br]paying down your student debt. 0:02:33.683,0:02:37.325 The vision board sounds like,[br]"Oh, how can that really help?" 0:02:37.349,0:02:40.284 The point is your goals[br]need to align with your behaviors, 0:02:40.308,0:02:43.159 and the vision board[br]is really a representation 0:02:43.183,0:02:46.159 of where you wanna go[br]and then how you live your life, 0:02:46.183,0:02:48.825 and in the meantime[br]are the steps to really get there. 0:02:48.849,0:02:51.867 [5: It's not what you make,[br]it's what you keep.] 0:02:51.891,0:02:55.159 It's not about what you make,[br]it's about what you keep. 0:02:55.183,0:02:58.117 It's about understanding[br]do I have the ability 0:02:58.141,0:03:01.325 with what I'm making[br]to take care of my basic needs? 0:03:01.349,0:03:04.075 And if not, what adjustments[br]do I need to make? 0:03:04.099,0:03:07.742 And then we start to break it down[br]and talk about the tools. 0:03:07.766,0:03:10.909 We start to say, "Do we have[br]our savings account, auto-save?" 0:03:10.933,0:03:14.034 Set it and forget it,[br]or every day, put a dollar a day. 0:03:14.058,0:03:16.200 Whatever that rhythm is for you, 0:03:16.224,0:03:18.409 the goal is the rhythm, not the amount. 0:03:18.433,0:03:19.909 You can start slow. 0:03:19.933,0:03:23.284 You can start small,[br]but you have to start now. 0:03:23.308,0:03:26.242 And then let me give you a trick,[br]we all have impulses. 0:03:26.266,0:03:28.534 Many times, because[br]the phone is always with us, 0:03:28.558,0:03:29.825 we start shopping. 0:03:29.849,0:03:32.200 Go out to any site,[br]shop up, put it in your cart. 0:03:32.224,0:03:34.200 Just don't hit buy. 0:03:34.224,0:03:37.617 Wait 24 hours, go back and ask yourself, 0:03:37.641,0:03:38.909 "Do I really need it? 0:03:38.933,0:03:41.409 What about these items map to my goal?" 0:03:41.433,0:03:44.659 And if it's nothing,[br]hit delete and you got your fix. 0:03:44.683,0:03:48.159 [6: Be good to yourself.] 0:03:48.183,0:03:50.242 It's also important to know 0:03:50.266,0:03:53.825 that your self-worth[br]is not determined by your net worth. 0:03:53.849,0:03:56.034 This is something[br]that we can do better about. 0:03:56.058,0:03:58.034 You celebrate your wins. 0:03:58.058,0:04:01.659 And when you make that misstep,[br]no judgment, no shame. 0:04:01.683,0:04:02.933 Just get back at it.