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